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Pioneer Bancorp (NASDAQ:PBFS) Shares Up 0.9% - Here's Why

Pioneer Bancorp logo with Finance background

Pioneer Bancorp, Inc. (NASDAQ:PBFS - Get Free Report)'s share price traded up 0.9% during trading on Thursday . The company traded as high as $12.39 and last traded at $12.28. 17,809 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 24,699 shares. The stock had previously closed at $12.17.

Pioneer Bancorp Price Performance

The firm has a market cap of $314.08 million, a price-to-earnings ratio of 15.78 and a beta of 0.35. The firm has a 50 day moving average price of $11.84 and a 200-day moving average price of $11.62.

Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) last announced its earnings results on Friday, May 9th. The company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $22.81 million for the quarter. Pioneer Bancorp had a return on equity of 6.35% and a net margin of 16.86%.

Institutional Trading of Pioneer Bancorp

Several hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Pioneer Bancorp by 144.9% during the 4th quarter. JPMorgan Chase & Co. now owns 37,024 shares of the company's stock worth $427,000 after buying an additional 21,904 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Pioneer Bancorp by 156.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,239 shares of the company's stock worth $556,000 after buying an additional 29,464 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Pioneer Bancorp by 120.0% during the 4th quarter. Alliancebernstein L.P. now owns 374,307 shares of the company's stock worth $4,312,000 after buying an additional 204,177 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Pioneer Bancorp by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 7,836 shares of the company's stock worth $90,000 after buying an additional 1,490 shares in the last quarter. Finally, Gator Capital Management LLC raised its holdings in shares of Pioneer Bancorp by 30.5% during the 4th quarter. Gator Capital Management LLC now owns 49,683 shares of the company's stock worth $572,000 after buying an additional 11,622 shares in the last quarter.

Pioneer Bancorp Company Profile

(Get Free Report)

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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