Short Interest in Pioneer Bancorp, Inc. (NASDAQ:PBFS) Grows By 19.0%

Pioneer Bancorp, Inc. (NASDAQ:PBFS) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 95,672 shares, a growth of 19.0% from the February 26th total of 80,377 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 12,560 shares, the short-interest ratio is currently 7.6 days.

Institutional Trading of Pioneer Bancorp

Several large investors have recently added to or reduced their stakes in PBFS. Alliancebernstein L.P. grew its stake in shares of Pioneer Bancorp by 6.6% during 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 lifted its holdings in Pioneer Bancorp by 1.9% during the third quarter. Private Capital Management LLC now owns 365,453 shares of the company’s stock valued at $4,773,000 after purchasing an additional 6,756 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Pioneer Bancorp by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 217,166 shares of the company’s stock worth $2,836,000 after purchasing an additional 3,524 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of Pioneer Bancorp by 4.1% in the second quarter. Bridgeway Capital Management LLC now owns 169,982 shares of the company’s stock worth $2,045,000 after purchasing an additional 6,663 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Pioneer Bancorp by 8.2% during the 1st quarter. Empowered Funds LLC now owns 65,119 shares of the company’s stock valued at $763,000 after purchasing an additional 4,955 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Pioneer Bancorp from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Pioneer Bancorp Stock Down 1.5%

Shares of Pioneer Bancorp stock opened at $13.71 on Thursday. Pioneer Bancorp has a 52-week low of $10.60 and a 52-week high of $15.18. The stock has a market capitalization of $343.81 million, a price-to-earnings ratio of 17.14 and a beta of 0.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50 day moving average price is $14.12 and its 200-day moving average price is $13.66.

Pioneer Bancorp (NASDAQ:PBFS) last released its quarterly earnings results on Friday, January 30th. The company reported $0.15 earnings per share for the quarter. Pioneer Bancorp had a return on equity of 6.43% and a net margin of 16.02%.The company had revenue of $25.05 million for the quarter.

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.