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

Key Points

• Wall Street Zen upgraded Pioneer Bancorp from “sell” to “hold,” while Weiss Ratings lowered its rating from “buy (b+)” to “buy (b).” MarketBeat reports an overall average rating of “Buy” based on one analyst’s recommendation.
• Pioneer Bancorp reported quarterly earnings of $0.14 per share on revenue of $28.32 million. The stock opened at $18.03, with a market capitalization of approximately $447.9 million.
• Institutional investors adjusted their positions, including Farther Finance Advisors increasing its stake by 25% and several firms—including Empowered Funds, Bank of America, and Deutsche Bank—initiating new positions.

Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered Pioneer Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, Pioneer Bancorp currently has an average rating of "Buy".

Pioneer Bancorp Trading Down 0.5%

PBFS stock opened at $18.03 on Friday. Pioneer Bancorp has a 12 month low of $13.00 and a 12 month high of $19.91. The company has a 50-day moving average price of $17.84 and a 200 day moving average price of $15.93. The stock has a market cap of $447.90 million, a PE ratio of 33.39 and a beta of 0.42.

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

Institutional Trading of Pioneer Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its holdings in Pioneer Bancorp by 25.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,522 shares of the company's stock valued at $134,000 after buying an additional 1,503 shares in the last quarter. Deutsche Bank AG purchased a new stake in Pioneer Bancorp in the 2nd quarter valued at about $177,000. Bank of America Corp DE purchased a new stake in Pioneer Bancorp in the 2nd quarter valued at about $225,000. Bank of New York Mellon Corp bought a new position in Pioneer Bancorp in the 2nd quarter worth about $469,000. Finally, Empowered Funds LLC bought a new position in Pioneer Bancorp in the 2nd quarter worth about $1,232,000.

About Pioneer Bancorp

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.

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