Pioneer Bancorp (NASDAQ:PBFS) Releases Quarterly Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) released its earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $28.32 million during the quarter.

Pioneer Bancorp Stock Performance

Shares of NASDAQ:PBFS traded down $0.13 during midday trading on Thursday, hitting $17.63. 5,928 shares of the company’s stock traded hands, compared to its average volume of 15,354. The company has a market cap of $442.16 million, a PE ratio of 26.71 and a beta of 0.40. The firm’s fifty day moving average price is $16.69 and its two-hundred day moving average price is $15.05. Pioneer Bancorp has a twelve month low of $12.11 and a twelve month high of $19.42.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PBFS. Flywheel Private Wealth LLC purchased a new stake in shares of Pioneer Bancorp in the first quarter worth about $557,000. M3F Inc. raised its holdings in shares of Pioneer Bancorp by 1.9% during the 1st quarter. M3F Inc. now owns 2,071,973 shares of the company’s stock valued at $28,842,000 after buying an additional 38,119 shares during the period. Jane Street Group LLC purchased a new stake in shares of Pioneer Bancorp during the 1st quarter valued at about $121,000. Captrust Financial Advisors lifted its position in Pioneer Bancorp by 12.7% during the 2nd quarter. Captrust Financial Advisors now owns 17,807 shares of the company’s stock worth $214,000 after acquiring an additional 2,009 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Pioneer Bancorp by 12.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 39,583 shares of the company’s stock worth $464,000 after acquiring an additional 4,334 shares in the last quarter.

Wall Street Analyst Weigh In

PBFS has been the subject of a number of research analyst reports. Weiss Ratings upgraded Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Wall Street Zen raised Pioneer Bancorp to a “hold” rating in a research report on Saturday, July 18th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About Pioneer Bancorp

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.