Pioneer Bancorp (NASDAQ:PBFS) Stock Price Down 1.3% – Time to Sell?

Pioneer Bancorp, Inc. (NASDAQ:PBFS) traded down 1.3% on Wednesday . The company traded as low as $13.76 and last traded at $14.05. 21,757 shares changed hands during trading, an increase of 82% from the average session volume of 11,946 shares. The stock had previously closed at $14.23.

Analyst Upgrades and Downgrades

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

Pioneer Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $359.65 million, a P/E ratio of 17.93 and a beta of 0.41. The firm’s fifty day moving average price is $14.05 and its 200 day moving average price is $13.80.

Pioneer Bancorp (NASDAQ:PBFS) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.22 earnings per share for the quarter. Pioneer Bancorp had a net margin of 16.02% and a return on equity of 6.43%. The firm had revenue of $24.61 million during the quarter.

Institutional Trading of Pioneer Bancorp

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted 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 valued at $29,000 after acquiring an additional 992 shares during the last quarter. Rhumbline Advisers grew its holdings in Pioneer Bancorp by 6.3% in the second quarter. Rhumbline Advisers now owns 17,351 shares of the company’s stock worth $209,000 after purchasing an additional 1,021 shares during the last quarter. CWM LLC increased its position in shares of Pioneer Bancorp by 65.1% during the third quarter. CWM LLC now owns 2,610 shares of the company’s stock worth $34,000 after purchasing an additional 1,029 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Pioneer Bancorp by 12.7% during the second quarter. Captrust Financial Advisors now owns 17,807 shares of the company’s stock worth $214,000 after purchasing an additional 2,009 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Pioneer Bancorp by 27.4% during the 4th quarter. Deutsche Bank AG now owns 9,359 shares of the company’s stock valued at $126,000 after purchasing an additional 2,011 shares during the last quarter.

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.