Pioneer Bancorp, Inc. $PBFS Stake Cut by M3F Inc.

M3F Inc. lowered its stake in Pioneer Bancorp, Inc. (NASDAQ:PBFS) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,884,081 shares of the company’s stock after selling 206,361 shares during the quarter. Pioneer Bancorp makes up 7.0% of M3F Inc.’s investment portfolio, making the stock its 5th largest position. M3F Inc. owned about 7.51% of Pioneer Bancorp worth $24,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PBFS. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Pioneer Bancorp in the second quarter worth about $32,000. CWM LLC increased its holdings in Pioneer Bancorp by 65.1% during the 3rd quarter. CWM LLC now owns 2,610 shares of the company’s stock worth $34,000 after acquiring an additional 1,029 shares during the period. Tower Research Capital LLC TRC lifted its stake in Pioneer Bancorp by 160.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company’s stock worth $42,000 after purchasing an additional 2,152 shares in the last quarter. Strs Ohio bought a new position in Pioneer Bancorp in the 1st quarter valued at $60,000. Finally, Jane Street Group LLC purchased a new position in shares of Pioneer Bancorp during the 1st quarter valued at $121,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Pioneer Bancorp in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Pioneer Bancorp Stock Performance

Pioneer Bancorp stock opened at $14.11 on Friday. The firm’s fifty day moving average price is $13.98 and its 200-day moving average price is $13.52. The stock has a market cap of $353.88 million, a P/E ratio of 17.64 and a beta of 0.45. Pioneer Bancorp, Inc. has a fifty-two week low of $10.60 and a fifty-two week high of $15.18.

Pioneer Bancorp (NASDAQ:PBFS) last announced its earnings results on Friday, January 30th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $25.05 million during the quarter. Pioneer Bancorp had a net margin of 16.17% and a return on equity of 6.38%.

Insider Activity

In other news, EVP Jesse Tomczak sold 5,395 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $14.69, for a total value of $79,252.55. Following the completion of the transaction, the executive vice president directly owned 41,000 shares in the company, valued at approximately $602,290. This represents a 11.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.50% of the company’s stock.

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.