Insider Selling: Pioneer Bancorp (NASDAQ:PBFS) EVP Sells 5,395 Shares of Stock

Pioneer Bancorp, Inc. (NASDAQ:PBFS) EVP Jesse Tomczak sold 5,395 shares of Pioneer Bancorp stock in a transaction on Friday, December 12th. The shares were sold at an average price of $14.69, for a total transaction of $79,252.55. Following the completion of the sale, the executive vice president owned 41,000 shares in the company, valued at $602,290. The trade was a 11.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Pioneer Bancorp Trading Down 1.7%

Shares of Pioneer Bancorp stock traded down $0.25 during trading hours on Monday, reaching $14.46. 4,978 shares of the company’s stock were exchanged, compared to its average volume of 20,403. The stock has a market cap of $362.66 million, a P/E ratio of 18.08 and a beta of 0.45. The company has a 50 day moving average of $13.30 and a two-hundred day moving average of $12.77. Pioneer Bancorp, Inc. has a fifty-two week low of $10.60 and a fifty-two week high of $14.94.

Pioneer Bancorp (NASDAQ:PBFS) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.18 EPS for the quarter. The firm had revenue of $24.02 million during the quarter. Pioneer Bancorp had a return on equity of 6.38% and a net margin of 16.17%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Pioneer Bancorp in a report on Monday, December 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Pioneer Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Capital Management LLC raised its position in shares of Pioneer Bancorp by 1.9% in the third quarter. Private Capital Management LLC now owns 365,453 shares of the company’s stock valued at $4,773,000 after purchasing an additional 6,756 shares during the period. Millennium Management LLC boosted its holdings in shares of Pioneer Bancorp by 87.0% during the 3rd quarter. Millennium Management LLC now owns 26,606 shares of the company’s stock worth $347,000 after buying an additional 12,375 shares during the period. Alliancebernstein L.P. grew its stake in Pioneer Bancorp by 6.6% in the 3rd quarter. Alliancebernstein L.P. now owns 481,477 shares of the company’s stock valued at $6,288,000 after buying an additional 29,678 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Pioneer Bancorp by 83.3% in the 3rd 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 period. Finally, Russell Investments Group Ltd. raised its holdings in Pioneer Bancorp by 238.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock valued at $53,000 after acquiring an additional 2,851 shares during the period.

About Pioneer Bancorp

Pioneer Bancorp, Inc operates as a holding company for Pioneer Savings Bank that provides various banking products and services in New York. The company accepts various deposit products, such as demand, savings, and money market accounts, as well as certificates of deposit accounts. Its loan products include commercial real estate, commercial and industrial, commercial construction, residential mortgage lending, consumer loans, and home equity lines of credit.