Pioneer Bancorp (NASDAQ:PBFS) Stock Price Down 1.3% - What's Next?

Key Points

• Pioneer Bancorp (PBFS) traded down 1.3% midday to $14.05 with volume of 21,757 shares, an 82% increase versus its average session volume.
• Weiss Ratings upgraded PBFS to a "buy" (b), and the stock carries an overall analyst consensus of "Buy."
• The company has a market cap of $352.3M and a PE of 17.6, reported quarterly EPS of $0.15, and several institutional investors (including Millennium, Jane Street and AQR) recently increased their positions, indicating rising investor interest.

Pioneer Bancorp, Inc. (NASDAQ:PBFS - Get Free Report)'s stock price traded down 1.3% during mid-day trading on Wednesday . The stock traded as low as $13.76 and last traded at $14.05. 21,757 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 11,946 shares. The stock had previously closed at $14.23.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Pioneer Bancorp from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, March 13th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy".

Pioneer Bancorp Trading Down 1.3%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $352.33 million, a PE ratio of 17.56 and a beta of 0.43. The stock has a 50-day moving average price of $14.06 and a two-hundred day moving average price of $13.80.

Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.15 earnings per share for the quarter. Pioneer Bancorp had a return on equity of 6.43% and a net margin of 16.02%.The firm had revenue of $25.05 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Empowered Funds LLC lifted its position in shares of Pioneer Bancorp by 8.2% during the 1st quarter. Empowered Funds LLC now owns 65,119 shares of the company's stock valued at $763,000 after buying an additional 4,955 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Pioneer Bancorp by 16.9% during the 4th quarter. AQR Capital Management LLC now owns 37,956 shares of the company's stock valued at $512,000 after buying an additional 5,486 shares in the last quarter. Millennium Management LLC lifted its holdings in Pioneer Bancorp by 87.0% in the 3rd quarter. Millennium Management LLC now owns 26,606 shares of the company's stock worth $347,000 after purchasing an additional 12,375 shares in the last quarter. Rhumbline Advisers lifted its holdings in Pioneer Bancorp by 6.3% in the 2nd quarter. Rhumbline Advisers now owns 17,351 shares of the company's stock worth $209,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Pioneer Bancorp by 65.9% in the 2nd quarter. Jane Street Group LLC now owns 17,116 shares of the company's stock worth $206,000 after purchasing an additional 6,796 shares in the last quarter.

Pioneer Bancorp Company Profile

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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