BlackRock Inc. purchased a new stake in shares of Pioneer Bancorp, Inc. (NASDAQ:PBFS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 631,152 shares of the company's stock, valued at approximately $10,774,000. BlackRock Inc. owned about 2.52% of Pioneer Bancorp as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of Pioneer Bancorp by 83.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company's stock valued at $29,000 after purchasing an additional 992 shares during the period. Tower Research Capital LLC TRC increased its stake in Pioneer Bancorp by 160.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company's stock worth $42,000 after buying an additional 2,152 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Pioneer Bancorp by 238.8% during the third quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company's stock valued at $53,000 after acquiring an additional 2,851 shares during the period. Strs Ohio bought a new stake in Pioneer Bancorp during the first quarter valued at about $60,000. Finally, Jane Street Group LLC purchased a new position in shares of Pioneer Bancorp in the first quarter valued at about $121,000.
Pioneer Bancorp Stock Performance
NASDAQ PBFS opened at $18.54 on Friday. The company has a market capitalization of $460.53 million, a price-to-earnings ratio of 34.33 and a beta of 0.40. The company's 50-day simple moving average is $17.35 and its two-hundred day simple moving average is $15.69. Pioneer Bancorp, Inc. has a one year low of $12.64 and a one year high of $19.42.
Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) last posted its earnings results on Monday, August 10th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $28.32 million for the quarter.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on PBFS. Wall Street Zen lowered shares of Pioneer Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, August 22nd. Weiss Ratings downgraded shares of Pioneer Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy".
Get Our Latest Stock Report on Pioneer Bancorp
Pioneer Bancorp Company Profile
(
Free Report)
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.
Further Reading
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