Pioneer Bancorp (NASDAQ:PBFS) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Pioneer Bancorp from “hold” to “sell,” while Weiss Ratings also lowered its assessment from “buy (b+)” to “buy (b).” Despite these changes, MarketBeat reports a consensus “Buy” rating from analysts.
• Pioneer Bancorp shares opened at $17.36, with a market capitalization of approximately $431.2 million and a price-to-earnings ratio of 32.15. The stock has traded between $12.64 and $19.42 over the past year.
• The company reported quarterly earnings of $0.14 per share and revenue of $28.32 million. Several institutional investors, including M3F, BlackRock and AllianceBernstein, recently increased or initiated positions in the stock.

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

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, According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

Pioneer Bancorp Price Performance

PBFS opened at $17.36 on Friday. The stock's 50 day simple moving average is $17.19 and its 200 day simple moving average is $15.47. Pioneer Bancorp has a 1 year low of $12.64 and a 1 year high of $19.42. The firm has a market cap of $431.22 million, a price-to-earnings ratio of 32.15 and a beta of 0.41.

Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $28.32 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. M3F Inc. raised its holdings in 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 purchasing an additional 38,119 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Pioneer Bancorp during the 2nd quarter valued at about $10,774,000. Alliancebernstein L.P. increased its position in shares of Pioneer Bancorp by 6.6% during the third quarter. Alliancebernstein L.P. now owns 481,477 shares of the company's stock valued at $6,288,000 after buying an additional 29,678 shares during the period. Private Capital Management LLC increased its position in shares of Pioneer Bancorp by 1.9% during the third quarter. Private Capital Management LLC now owns 365,453 shares of the company's stock valued at $4,773,000 after buying an additional 6,756 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Pioneer Bancorp by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 217,592 shares of the company's stock valued at $3,029,000 after buying an additional 1,537 shares during the period.

About Pioneer Bancorp

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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