Pioneer Bancorp (NASDAQ:PBFS) Trading Up 9.6% – What’s Next?

Pioneer Bancorp, Inc. (NASDAQ:PBFS)’s stock price was up 9.6% on Monday . The stock traded as high as $16.91 and last traded at $16.36. Approximately 43,739 shares changed hands during trading, an increase of 104% from the average daily volume of 21,432 shares. The stock had previously closed at $14.93.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Pioneer Bancorp Price Performance

The stock has a market capitalization of $410.31 million, a P/E ratio of 24.79 and a beta of 0.42. The firm has a 50-day simple moving average of $14.39 and a 200 day simple moving average of $14.05.

Pioneer Bancorp (NASDAQ:PBFS) last released its earnings results on Monday, May 11th. The company reported $0.22 EPS for the quarter. Pioneer Bancorp had a return on equity of 5.02% and a net margin of 16.17%.The business had revenue of $24.61 million during the quarter.

Hedge Funds Weigh In On Pioneer Bancorp

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in Pioneer Bancorp by 83.3% during the third quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock worth $29,000 after buying an additional 992 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Pioneer Bancorp by 160.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company’s stock worth $42,000 after purchasing an additional 2,152 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Pioneer Bancorp by 238.8% during the third quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock worth $53,000 after purchasing an additional 2,851 shares during the last quarter. Strs Ohio bought a new stake in Pioneer Bancorp during the first quarter worth about $60,000. Finally, Deutsche Bank AG lifted its stake in Pioneer Bancorp by 27.4% during the fourth quarter. Deutsche Bank AG now owns 9,359 shares of the company’s stock worth $126,000 after purchasing an additional 2,011 shares during the last quarter.

Pioneer Bancorp Company Profile

Pioneer Bancorp, Inc is the bank holding company for Pioneer Bank, an FDIC-insured community bank headquartered in Islandia, New York. The company delivers a comprehensive suite of banking services to individuals, small businesses and nonprofit organizations across the Long Island region. Through its subsidiary, Pioneer Bank offers deposit accounts, consumer and commercial lending solutions, and cash management services tailored to local market needs.

The company’s retail offerings include checking and savings accounts, certificates of deposit and personal lending products, while commercial clients can access commercial real estate loans, business lines of credit, equipment financing and SBA-guaranteed loans.