Pioneer Bancorp (NASDAQ:PBFS) Announces Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) released its quarterly earnings results on Monday. The company reported $0.14 earnings per share for the quarter, Zacks reports.

Pioneer Bancorp Stock Down 1.2%

Shares of Pioneer Bancorp stock opened at $17.12 on Tuesday. The firm has a market cap of $429.37 million, a PE ratio of 25.94 and a beta of 0.40. The business’s fifty day simple moving average is $17.04 and its 200-day simple moving average is $15.27. Pioneer Bancorp has a 52 week low of $12.36 and a 52 week high of $19.42.

Hedge Funds Weigh In On Pioneer Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of PBFS. BNP Paribas Financial Markets lifted its position in shares of 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 purchasing an additional 992 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Pioneer Bancorp by 160.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company’s stock valued at $42,000 after buying an additional 2,152 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Pioneer Bancorp by 238.8% in the third quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock worth $53,000 after acquiring an additional 2,851 shares in the last quarter. Strs Ohio acquired a new stake in shares of Pioneer Bancorp in the first quarter valued at $60,000. Finally, Deutsche Bank AG grew its stake in Pioneer Bancorp by 27.4% during the 4th quarter. Deutsche Bank AG now owns 9,359 shares of the company’s stock worth $126,000 after purchasing an additional 2,011 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PBFS. Weiss Ratings upgraded Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded Pioneer Bancorp to a “hold” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Pioneer Bancorp has an average rating of “Buy”.

About Pioneer Bancorp

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.