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Pioneer Bancorp (NASDAQ:PBFS) Stock Price Up 0.9% - Still a Buy?

Pioneer Bancorp logo with Finance background

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

Pioneer Bancorp Stock Performance

The firm has a market cap of $317.44 million, a price-to-earnings ratio of 15.95 and a beta of 0.35. The stock's 50 day simple moving average is $11.83 and its 200-day simple moving average is $11.62.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PBFS. Alliancebernstein L.P. raised its position in Pioneer Bancorp by 120.0% in the 4th quarter. Alliancebernstein L.P. now owns 374,307 shares of the company's stock valued at $4,312,000 after purchasing an additional 204,177 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Pioneer Bancorp by 11.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 182,952 shares of the company's stock worth $2,107,000 after purchasing an additional 18,495 shares during the period. Bridgeway Capital Management LLC grew its stake in Pioneer Bancorp by 1.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 158,364 shares of the company's stock valued at $1,824,000 after acquiring an additional 2,779 shares during the last quarter. Renaissance Technologies LLC grew its stake in Pioneer Bancorp by 81.5% in the 4th quarter. Renaissance Technologies LLC now owns 92,312 shares of the company's stock valued at $1,063,000 after acquiring an additional 41,450 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Pioneer Bancorp by 0.9% during the 4th quarter. Northern Trust Corp now owns 90,362 shares of the company's stock worth $1,041,000 after purchasing an additional 850 shares during the last quarter.

About Pioneer Bancorp

(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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