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Pioneer Bancorp (NASDAQ:PBFS) Issues Quarterly Earnings Results

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Key Points

  • Pioneer Bancorp reported quarterly EPS of $0.14.
  • Shares fell $0.20 to $17.12 in midday trading, with the stock valued at approximately $429 million and trading between a 52-week range of $12.36 to $19.42.
  • Several institutional investors increased their holdings, while analyst sentiment remained positive with a consensus “Buy” rating.
  • Five stocks we like better than Pioneer Bancorp.

Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) announced its quarterly earnings data on Monday. The company reported $0.14 EPS for the quarter, Zacks reports.

Pioneer Bancorp Stock Performance

PBFS traded down $0.20 during midday trading on Monday, reaching $17.12. 5,571 shares of the company were exchanged, compared to its average volume of 15,126. The stock has a market capitalization of $429.37 million, a P/E ratio of 25.94 and a beta of 0.40. Pioneer Bancorp has a one year low of $12.36 and a one year high of $19.42. The stock's 50-day simple moving average is $17.03 and its 200 day simple moving average is $15.24.

Institutional Trading of Pioneer Bancorp

A number of hedge funds have recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in Pioneer Bancorp by 16.9% during the 4th quarter. AQR Capital Management LLC now owns 37,956 shares of the company's stock worth $512,000 after acquiring an additional 5,486 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Pioneer Bancorp by 52.7% in the fourth quarter. Russell Investments Group Ltd. now owns 6,176 shares of the company's stock valued at $83,000 after purchasing an additional 2,131 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Pioneer Bancorp by 38.6% in the fourth quarter. Wells Fargo & Company MN now owns 13,344 shares of the company's stock worth $180,000 after purchasing an additional 3,717 shares during the period. Tripletail Wealth Management LLC boosted its position in shares of Pioneer Bancorp by 1,380.0% during the fourth quarter. Tripletail Wealth Management LLC now owns 25,012 shares of the company's stock worth $337,000 after purchasing an additional 23,322 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Pioneer Bancorp by 27.4% during the fourth quarter. Deutsche Bank AG now owns 9,359 shares of the company's stock worth $126,000 after purchasing an additional 2,011 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PBFS. Wall Street Zen upgraded shares of Pioneer Bancorp to a "hold" rating in a research report on Saturday, July 18th. Weiss Ratings upgraded shares of Pioneer Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Pioneer Bancorp has a consensus rating of "Buy".

Check Out Our Latest Stock Analysis on Pioneer Bancorp

About Pioneer Bancorp

(Get 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.

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Earnings History for Pioneer Bancorp (NASDAQ:PBFS)

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