Pioneer Bancorp (NASDAQ:PBFS) Stock Price Up 3.9% - Still a Buy?

Key Points

• Shares rose 3.9% to $14.04 on Monday with about 23,813 shares traded, a ~34% increase versus average daily volume.
• Weiss Ratings upgraded Pioneer Bancorp from "hold (c+)" to "buy (b)," and MarketBeat lists the stock with an average rating of "Buy" (one analyst).
• The company has a market cap of $352.1M and a P/E of 17.55, low debt-to-equity of 0.15, and reported last-quarter EPS of $0.15 on $25.05M revenue with a 6.43% ROE.

Pioneer Bancorp, Inc. (NASDAQ:PBFS - Get Free Report) shares were up 3.9% on Monday . The stock traded as high as $14.24 and last traded at $14.04. Approximately 23,813 shares were traded during mid-day trading, an increase of 34% from the average daily volume of 17,812 shares. The stock had previously closed at $13.51.

Analyst Upgrades and Downgrades

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

Pioneer Bancorp Stock Performance

The firm has a market capitalization of $352.12 million, a PE ratio of 17.55 and a beta of 0.45. The business has a 50-day simple moving average of $14.09 and a 200-day simple moving average of $13.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.03 and a quick ratio of 1.03.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. lifted its holdings in shares of Pioneer Bancorp by 6.6% in the 3rd quarter. Alliancebernstein L.P. now owns 481,477 shares of the company's stock worth $6,288,000 after acquiring an additional 29,678 shares during the last quarter. Private Capital Management LLC grew its holdings in Pioneer Bancorp by 1.9% during the 3rd quarter. Private Capital Management LLC now owns 365,453 shares of the company's stock valued at $4,773,000 after purchasing an additional 6,756 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Pioneer Bancorp by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 217,166 shares of the company's stock valued at $2,836,000 after purchasing an additional 3,524 shares during the last quarter. Bridgeway Capital Management LLC raised its position in Pioneer Bancorp by 4.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 169,982 shares of the company's stock worth $2,045,000 after purchasing an additional 6,663 shares during the period. Finally, Empowered Funds LLC raised its position in Pioneer Bancorp by 8.2% in the 1st quarter. Empowered Funds LLC now owns 65,119 shares of the company's stock worth $763,000 after purchasing an additional 4,955 shares during the period.

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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