Pioneer Bancorp (NASDAQ:PBFS) Issues Quarterly Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) issued its quarterly earnings data on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $28.32 million for the quarter.

Pioneer Bancorp Trading Down 2.3%

PBFS traded down $0.41 during midday trading on Friday, reaching $17.22. The company’s stock had a trading volume of 14,851 shares, compared to its average volume of 10,224. Pioneer Bancorp has a 1 year low of $12.11 and a 1 year high of $19.42. The stock’s 50-day moving average is $16.79 and its 200-day moving average is $15.09. The firm has a market capitalization of $431.88 million, a price-to-earnings ratio of 26.09 and a beta of 0.40.

Institutional Trading of Pioneer Bancorp

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in shares of 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 buying an additional 992 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Pioneer Bancorp by 6.3% during the 2nd quarter. Rhumbline Advisers now owns 17,351 shares of the company’s stock valued at $209,000 after acquiring an additional 1,021 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Pioneer Bancorp by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 217,592 shares of the company’s stock worth $3,029,000 after buying an additional 1,537 shares during the period. Captrust Financial Advisors lifted its holdings in Pioneer Bancorp by 12.7% in the 2nd 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 grew its stake in Pioneer Bancorp by 27.4% during the fourth quarter. Deutsche Bank AG now owns 9,359 shares of the company’s stock valued at $126,000 after acquiring an additional 2,011 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PBFS shares. Wall Street Zen raised shares of Pioneer Bancorp to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings raised shares of 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, Pioneer Bancorp currently has an average rating of “Buy”.

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.