Insider Selling: Pioneer Bancorp (NASDAQ:PBFS) EVP Sells $79,252.55 in Stock

Pioneer Bancorp, Inc. (NASDAQ:PBFS) EVP Jesse Tomczak sold 5,395 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $14.69, for a total transaction of $79,252.55. Following the transaction, the executive vice president directly owned 41,000 shares of the company’s stock, valued at $602,290. The trade was a 11.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Pioneer Bancorp Stock Down 0.8%

Shares of NASDAQ PBFS opened at $14.40 on Thursday. The business’s 50 day moving average is $13.38 and its two-hundred day moving average is $12.82. Pioneer Bancorp, Inc. has a 52-week low of $10.60 and a 52-week high of $14.94. The firm has a market cap of $361.15 million, a price-to-earnings ratio of 18.00 and a beta of 0.45.

Pioneer Bancorp (NASDAQ:PBFS) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.18 earnings per share for the quarter. Pioneer Bancorp had a return on equity of 6.38% and a net margin of 16.17%.The business had revenue of $24.02 million during the quarter.

Institutional Trading of Pioneer Bancorp

A number of large investors have recently made changes to their positions in the company. Nuveen LLC acquired a new position in Pioneer Bancorp during the 1st quarter worth approximately $158,000. Martingale Asset Management L P raised its stake in Pioneer Bancorp by 2.9% in the first quarter. Martingale Asset Management L P now owns 31,649 shares of the company’s stock valued at $371,000 after buying an additional 905 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in Pioneer Bancorp in the first quarter valued at $81,000. AQR Capital Management LLC acquired a new position in shares of Pioneer Bancorp during the 1st quarter worth about $156,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Pioneer Bancorp by 12.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 39,583 shares of the company’s stock valued at $464,000 after acquiring an additional 4,334 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Pioneer Bancorp in a report on Monday, December 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Pioneer Bancorp has an average rating of “Hold”.

Pioneer Bancorp Company Profile

Pioneer Bancorp, Inc operates as a holding company for Pioneer Savings Bank that provides various banking products and services in New York. The company accepts various deposit products, such as demand, savings, and money market accounts, as well as certificates of deposit accounts. Its loan products include commercial real estate, commercial and industrial, commercial construction, residential mortgage lending, consumer loans, and home equity lines of credit.