Pioneer Bancorp (NASDAQ:PBFS) Stock Price Up 0.2% – Should You Buy?

Shares of Pioneer Bancorp, Inc. (NASDAQ:PBFS) were up 0.2% during mid-day trading on Tuesday. The stock traded as high as $17.81 and last traded at $17.60. 10,012 shares traded hands during trading, a decline of 42% from the average daily volume of 17,144 shares. The stock had previously closed at $17.57.

Wall Street Analysts Forecast Growth

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

Pioneer Bancorp Trading Up 0.2%

The firm has a market cap of $437.18 million, a price-to-earnings ratio of 32.59 and a beta of 0.42. The stock’s 50 day moving average is $17.67 and its 200 day moving average is $16.42.

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

Institutional Investors Weigh In On Pioneer Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in shares of Pioneer Bancorp by 25.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,522 shares of the company’s stock worth $134,000 after buying an additional 1,503 shares during the last quarter. Deutsche Bank AG bought a new position in Pioneer Bancorp in the 2nd quarter valued at approximately $177,000. Bank of America Corp DE bought a new stake in shares of Pioneer Bancorp during the second quarter worth $225,000. Bank of New York Mellon Corp bought a new stake in Pioneer Bancorp during the 2nd quarter worth $469,000. Finally, Flywheel Private Wealth LLC acquired a new stake in shares of Pioneer Bancorp during the first quarter valued at about $557,000.

Pioneer Bancorp Company Profile

Pioneer Bancorp, Inc is a bank holding company for Pioneer Bank, a full-service community bank headquartered in Albany, New York. The company provides banking and financial services to individuals, families, businesses and nonprofit organizations primarily in New York’s Capital Region and Hudson Valley.

Pioneer Bank offers a range of deposit products, including checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential mortgages, home equity loans, consumer loans, commercial real estate financing, construction loans and commercial and industrial lending.