72,147 Shares in Pioneer Bancorp, Inc. $PBFS Purchased by Empowered Funds LLC

Empowered Funds LLC purchased a new stake in shares of Pioneer Bancorp, Inc. (NASDAQ:PBFS) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 72,147 shares of the company’s stock, valued at approximately $1,232,000.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of Pioneer Bancorp during the 1st quarter worth approximately $156,000. Goldman Sachs Group Inc. boosted its holdings in Pioneer Bancorp by 12.3% during the first quarter. Goldman Sachs Group Inc. now owns 39,583 shares of the company’s stock worth $464,000 after buying an additional 4,334 shares in the last quarter. Jane Street Group LLC purchased a new stake in Pioneer Bancorp during the first quarter worth $121,000. Strs Ohio acquired a new stake in Pioneer Bancorp during the first quarter valued at $60,000. Finally, Rhumbline Advisers raised 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 worth $209,000 after buying an additional 1,021 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PBFS shares. Wall Street Zen lowered shares of Pioneer Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings cut Pioneer Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pioneer Bancorp currently has a consensus rating of “Buy”.

Pioneer Bancorp Stock Up 2.8%

Shares of NASDAQ:PBFS opened at $18.54 on Friday. Pioneer Bancorp, Inc. has a fifty-two week low of $12.64 and a fifty-two week high of $19.42. The firm’s 50 day moving average price is $17.35 and its 200 day moving average price is $15.69. The stock has a market cap of $460.53 million, a price-to-earnings ratio of 34.33 and a beta of 0.40.

Pioneer Bancorp (NASDAQ:PBFS) last released its quarterly earnings data on Monday, August 10th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $28.32 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.