Pioneer Bancorp (NASDAQ:PBFS) Trading Up 9.6% – What’s Next?

Shares of Pioneer Bancorp, Inc. (NASDAQ:PBFS) traded up 9.6% during mid-day trading on Monday . The stock traded as high as $16.91 and last traded at $16.36. 43,739 shares traded hands during trading, an increase of 104% from the average session volume of 21,432 shares. The stock had previously closed at $14.93.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Pioneer Bancorp currently has a consensus rating of “Buy”.

Pioneer Bancorp Trading Up 9.6%

The company has a market cap of $410.31 million, a PE ratio of 24.79 and a beta of 0.42. The firm has a 50 day moving average of $14.39 and a two-hundred day moving average of $14.05.

Pioneer Bancorp (NASDAQ:PBFS) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.22 earnings per share for the quarter. The company had revenue of $24.61 million for the quarter. Pioneer Bancorp had a return on equity of 5.02% and a net margin of 16.17%.

Hedge Funds Weigh In On Pioneer Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of PBFS. BNP Paribas Financial Markets grew its holdings 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 purchasing an additional 992 shares during the period. Tower Research Capital LLC TRC grew its holdings 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 purchasing an additional 2,152 shares during the period. Russell Investments Group Ltd. grew its holdings in Pioneer Bancorp by 238.8% during the third quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock valued at $53,000 after purchasing an additional 2,851 shares during the period. Strs Ohio bought a new stake in Pioneer Bancorp during the first quarter valued at about $60,000. Finally, Jane Street Group LLC bought a new stake in Pioneer Bancorp during the first quarter valued at about $121,000.

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.