Pioneer Bancorp (NASDAQ:PBFS) Issues Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) posted its earnings results on Monday. The company reported $0.14 earnings per share (EPS) for the quarter, Zacks reports.

Pioneer Bancorp Price Performance

Shares of PBFS traded down $0.20 during midday trading on Monday, hitting $17.12. The stock had a trading volume of 5,571 shares, compared to its average volume of 15,126. The firm has a market cap of $429.37 million, a price-to-earnings ratio of 25.94 and a beta of 0.40. The company has a 50 day simple moving average of $17.03 and a two-hundred day simple moving average of $15.24. Pioneer Bancorp has a twelve month low of $12.36 and a twelve month high of $19.42.

Analyst Ratings Changes

Several research firms have recently weighed in on PBFS. 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 note on Saturday, July 18th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Pioneer Bancorp presently has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PBFS. AQR Capital Management LLC raised its position in Pioneer Bancorp by 16.9% in the 4th quarter. AQR Capital Management LLC now owns 37,956 shares of the company’s stock valued at $512,000 after buying an additional 5,486 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Pioneer Bancorp by 52.7% during the 4th quarter. Russell Investments Group Ltd. now owns 6,176 shares of the company’s stock worth $83,000 after acquiring an additional 2,131 shares during the last quarter. Wells Fargo & Company MN boosted its position in Pioneer Bancorp by 38.6% during the 4th quarter. Wells Fargo & Company MN now owns 13,344 shares of the company’s stock worth $180,000 after acquiring an additional 3,717 shares during the last quarter. Tripletail Wealth Management LLC grew its stake in shares of Pioneer Bancorp by 1,380.0% during the 4th quarter. Tripletail Wealth Management LLC now owns 25,012 shares of the company’s stock worth $337,000 after acquiring an additional 23,322 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Pioneer Bancorp by 27.4% in the fourth quarter. Deutsche Bank AG now owns 9,359 shares of the company’s stock valued at $126,000 after purchasing an additional 2,011 shares in the last quarter.

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.