Pioneer Bancorp (NASDAQ:PBFS) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Pioneer Bancorp (NASDAQ:PBFS) from a hold rating to a sell rating in a report published on Saturday.

Separately, Weiss Ratings downgraded Pioneer Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Pioneer Bancorp currently has a consensus rating of “Buy”.

Pioneer Bancorp Stock Up 1.4%

NASDAQ PBFS opened at $17.36 on Friday. The company has a market cap of $431.22 million, a price-to-earnings ratio of 32.15 and a beta of 0.41. Pioneer Bancorp has a twelve month low of $12.64 and a twelve month high of $19.42. The business’s fifty day moving average is $17.19 and its 200 day moving average is $15.47.

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

Institutional Trading of Pioneer Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBFS. Flywheel Private Wealth LLC acquired a new stake in shares of Pioneer Bancorp during the first quarter worth $557,000. M3F Inc. raised its stake in Pioneer Bancorp by 1.9% during the first quarter. M3F Inc. now owns 2,071,973 shares of the company’s stock worth $28,842,000 after buying an additional 38,119 shares during the last quarter. Strs Ohio acquired a new position in Pioneer Bancorp in the first quarter valued at $60,000. Russell Investments Group Ltd. lifted its holdings in Pioneer Bancorp by 238.8% in the third quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock valued at $53,000 after buying an additional 2,851 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position 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 valued at $42,000 after acquiring an additional 2,152 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.