Pioneer Bancorp (NASDAQ:PBFS) Issues Quarterly Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) announced its earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, FiscalAI reports. Pioneer Bancorp had a return on equity of 6.43% and a net margin of 16.02%.The firm had revenue of $24.61 million during the quarter.

Pioneer Bancorp Stock Performance

Pioneer Bancorp stock traded up $0.15 during trading hours on Thursday, hitting $14.20. The stock had a trading volume of 12,626 shares, compared to its average volume of 11,850. The company has a 50-day moving average of $14.06 and a two-hundred day moving average of $13.80. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The company has a market cap of $356.09 million, a PE ratio of 17.75 and a beta of 0.43. Pioneer Bancorp has a fifty-two week low of $11.09 and a fifty-two week high of $15.18.

Hedge Funds Weigh In On Pioneer Bancorp

Hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in Pioneer Bancorp by 83.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock valued at $29,000 after purchasing an additional 992 shares in the last quarter. CWM LLC boosted its position in Pioneer Bancorp by 65.1% in the 3rd quarter. CWM LLC now owns 2,610 shares of the company’s stock valued at $34,000 after buying an additional 1,029 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Pioneer Bancorp by 160.5% in the 2nd 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. boosted its position in shares of Pioneer Bancorp by 238.8% in the 3rd 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. Finally, Strs Ohio bought a new position in shares of Pioneer Bancorp in the 1st quarter worth $60,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Pioneer Bancorp from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Pioneer Bancorp presently 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.