Pioneer Bancorp (NASDAQ:PBFS) Posts Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) announced its earnings results on Monday. The company reported $0.14 earnings per share (EPS) for the quarter, Zacks reports.

Pioneer Bancorp Price Performance

Shares of NASDAQ:PBFS traded down $0.20 during mid-day trading on Monday, reaching $17.12. 5,571 shares of the company traded hands, compared to its average volume of 15,126. The company’s 50 day moving average price is $17.03 and its 200-day moving average price is $15.24. The firm has a market cap of $429.37 million, a PE ratio of 25.94 and a beta of 0.40. Pioneer Bancorp has a 52 week low of $12.36 and a 52 week high of $19.42.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PBFS. Weiss Ratings upgraded shares of Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded Pioneer Bancorp to a “hold” rating in a research note on Saturday, July 18th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pioneer Bancorp has an average rating of “Buy”.

Institutional Investors Weigh In On Pioneer Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in shares of Pioneer Bancorp by 83.3% in the third quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock worth $29,000 after purchasing an additional 992 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Pioneer Bancorp by 160.5% during the 2nd 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. lifted its stake in shares of Pioneer Bancorp by 238.8% during the 3rd 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 in the last quarter. Strs Ohio purchased a new position in shares of Pioneer Bancorp during the 1st quarter valued at $60,000. Finally, Jane Street Group LLC bought a new position in Pioneer Bancorp in the 1st quarter worth $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.