Pioneer Bancorp (NASDAQ:PBFS) Issues Quarterly Earnings Results

Key Points

• Pioneer Bancorp reported earnings of $0.26 per share for the quarter, with a net margin of 16.86% and a return on equity of 6.35%.
• Following the earnings announcement, shares of Pioneer Bancorp increased by 0.3%, trading at $12.41.
• Institutional investors have recently boosted their stakes in Pioneer Bancorp, with Empowered Funds LLC increasing its holdings by 8.2%.

Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) announced its earnings results on Friday. The company reported $0.26 earnings per share for the quarter, Zacks reports. Pioneer Bancorp had a net margin of 16.86% and a return on equity of 6.35%.

Pioneer Bancorp Stock Up 0.3%

Shares of NASDAQ:PBFS traded up $0.04 during midday trading on Friday, reaching $12.41. The company had a trading volume of 4,158 shares, compared to its average volume of 21,176. The business's 50 day moving average price is $12.02 and its 200 day moving average price is $11.73. The stock has a market cap of $320.80 million, a PE ratio of 16.12 and a beta of 0.37. Pioneer Bancorp has a 1-year low of $10.21 and a 1-year high of $12.65.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Empowered Funds LLC boosted its holdings in shares of Pioneer Bancorp by 8.2% during the first quarter. Empowered Funds LLC now owns 65,119 shares of the company's stock worth $763,000 after acquiring an additional 4,955 shares during the period. Goldman Sachs Group Inc. raised its stake in Pioneer Bancorp by 12.3% in the first quarter. Goldman Sachs Group Inc. now owns 39,583 shares of the company's stock valued at $464,000 after purchasing an additional 4,334 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Pioneer Bancorp in the 1st quarter valued at approximately $156,000. Jane Street Group LLC bought a new stake in Pioneer Bancorp during the first quarter worth $121,000. Finally, Strs Ohio acquired a new stake in Pioneer Bancorp in the first quarter valued at about $60,000.

About Pioneer Bancorp

Pioneer Bancorp, Inc operates as a holding company for Pioneer Savings Bank that provides various banking products and services in New York. The company accepts various deposit products, such as demand, savings, and money market accounts, as well as certificates of deposit accounts. Its loan products include commercial real estate, commercial and industrial, commercial construction, residential mortgage lending, consumer loans, and home equity lines of credit.

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