Pioneer Bancorp (NASDAQ:PBFS) Shares Climb 0.2% – Time to Buy?

Pioneer Bancorp, Inc. (NASDAQ:PBFS) shares traded up 0.2% during mid-day trading on Tuesday. The company traded as high as $17.81 and last traded at $17.60. Approximately 10,012 shares traded hands during trading, a decline of 42% from the average session volume of 17,144 shares. The stock had previously closed at $17.57.

Analysts Set New Price Targets

Several equities analysts have recently commented on PBFS shares. Weiss Ratings downgraded shares of Pioneer Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. Wall Street Zen cut shares of Pioneer Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, Pioneer Bancorp currently has an average rating of “Buy”.

Pioneer Bancorp Stock Up 0.7%

The company has a fifty day moving average price of $17.68 and a 200-day moving average price of $16.44. The stock has a market capitalization of $440.45 million, a P/E ratio of 32.83 and a beta of 0.42.

Pioneer Bancorp (NASDAQ:PBFS) last posted its earnings results on Monday, August 10th. The company reported $0.14 EPS for the quarter. The firm had revenue of $28.32 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its position in Pioneer Bancorp by 25.0% in the third quarter. Farther Finance Advisors LLC now owns 7,522 shares of the company’s stock worth $134,000 after acquiring an additional 1,503 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Pioneer Bancorp by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 217,592 shares of the company’s stock worth $3,029,000 after acquiring an additional 1,537 shares during the last quarter. Bank of America Corp DE increased its stake in Pioneer Bancorp by 49.9% during the first quarter. Bank of America Corp DE now owns 15,996 shares of the company’s stock worth $223,000 after acquiring an additional 5,322 shares during the last quarter. Deutsche Bank AG purchased a new stake in Pioneer Bancorp during the second quarter valued at approximately $177,000. Finally, Bank of New York Mellon Corp purchased a new stake in Pioneer Bancorp during the second quarter valued at approximately $469,000.

Pioneer Bancorp Company Profile

Pioneer Bancorp, Inc is a bank holding company for Pioneer Bank, a full-service community bank headquartered in Albany, New York. The company provides banking and financial services to individuals, families, businesses and nonprofit organizations primarily in New York’s Capital Region and Hudson Valley.

Pioneer Bank offers a range of deposit products, including checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential mortgages, home equity loans, consumer loans, commercial real estate financing, construction loans and commercial and industrial lending.