Pioneer Bancorp (NASDAQ:PBFS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pioneer Bancorp (NASDAQ:PBFS) from a sell rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings cut shares of 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 has a consensus rating of “Buy”.

Pioneer Bancorp Trading Up 2.3%

Shares of Pioneer Bancorp stock opened at $18.45 on Friday. The company’s 50-day moving average price is $17.86 and its 200-day moving average price is $15.96. The company has a market cap of $458.33 million, a price-to-earnings ratio of 34.17 and a beta of 0.42. Pioneer Bancorp has a 12-month low of $13.00 and a 12-month high of $19.91.

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

Institutional Investors Weigh In On Pioneer Bancorp

Hedge funds have recently bought and sold shares of the stock. M3F Inc. increased its holdings in shares of Pioneer Bancorp by 1.9% in the 1st quarter. M3F Inc. now owns 2,071,973 shares of the company’s stock worth $28,842,000 after buying an additional 38,119 shares during the last quarter. BlackRock Inc. purchased a new position in Pioneer Bancorp in the second quarter worth $10,774,000. Dimensional Fund Advisors LP grew its position in Pioneer Bancorp by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 217,592 shares of the company’s stock worth $3,029,000 after acquiring an additional 1,537 shares in the last quarter. Empowered Funds LLC purchased a new position in Pioneer Bancorp in the second quarter worth $1,232,000. Finally, Bank of New York Mellon Corp purchased a new position in Pioneer Bancorp in the second quarter worth $469,000.

Pioneer Bancorp Company Profile

Pioneer Bancorp, Inc is the holding company for Pioneer Bank, a community-focused financial institution headquartered in Albany, New York. Through its banking subsidiary, the company provides a range of financial services to individuals, families, businesses and municipalities.

Pioneer Bank offers deposit products, including checking, savings, money market and certificate accounts, along with residential mortgages, home equity financing, consumer loans, commercial real estate lending and commercial and industrial loans.