Pioneer Bancorp (NASDAQ:PBFS) Issues Quarterly Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) posted its quarterly earnings results on Monday. The company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. Pioneer Bancorp had a net margin of 16.02% and a return on equity of 6.43%.

Pioneer Bancorp Trading Down 0.5%

NASDAQ PBFS traded down $0.07 during mid-day trading on Monday, reaching $14.52. 7,245 shares of the stock were exchanged, compared to its average volume of 11,760. Pioneer Bancorp has a 1-year low of $11.24 and a 1-year high of $15.18. The business’s fifty day simple moving average is $14.08 and its 200 day simple moving average is $13.85. The stock has a market capitalization of $364.12 million, a PE ratio of 18.15 and a beta of 0.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of 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 currently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Pioneer Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. raised its stake in shares of 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 acquiring an additional 29,678 shares during the period. Private Capital Management LLC raised its stake in shares of Pioneer Bancorp by 1.9% in the 3rd quarter. Private Capital Management LLC now owns 365,453 shares of the company’s stock valued at $4,773,000 after acquiring an additional 6,756 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Pioneer Bancorp by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 217,166 shares of the company’s stock valued at $2,836,000 after acquiring an additional 3,524 shares during the period. Bridgeway Capital Management LLC raised its stake in shares of Pioneer Bancorp by 4.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 169,982 shares of the company’s stock valued at $2,045,000 after acquiring an additional 6,663 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Pioneer Bancorp by 8.2% in the 1st quarter. Empowered Funds LLC now owns 65,119 shares of the company’s stock valued at $763,000 after acquiring an additional 4,955 shares during the period.

Pioneer Bancorp Company Profile

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.