Pioneer Bancorp (NASDAQ:PBFS) Trading Up 0.3% - Should You Buy?

Key Points

• Pioneer Bancorp shares experienced a slight increase of 0.3% to $12.41, with trading volume significantly down to 4,158 shares from an average of 25,573.
• The company reported $0.26 earnings per share for the last quarter, reflecting a net margin of 16.86% and a return on equity of 6.35%.
• Several institutional investors, including AllianceBernstein and Dimensional Fund Advisors, have recently increased their stakes in Pioneer Bancorp, indicating positive investor sentiment.

Shares of Pioneer Bancorp, Inc. (NASDAQ:PBFS - Get Free Report) traded up 0.3% on Friday . The company traded as high as $12.47 and last traded at $12.41. 4,158 shares changed hands during trading, a decline of 84% from the average session volume of 25,573 shares. The stock had previously closed at $12.37.

Pioneer Bancorp Price Performance

The firm has a market cap of $330.36 million, a PE ratio of 14.69 and a beta of 0.37. The business has a fifty day moving average price of $12.07 and a two-hundred day moving average price of $11.75.

Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.26 earnings per share for the quarter. Pioneer Bancorp had a return on equity of 7.12% and a net margin of 18.33%. The business had revenue of $24.41 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey purchased a new position in Pioneer Bancorp in the second quarter valued at about $32,000. Strs Ohio purchased a new position in Pioneer Bancorp in the first quarter valued at about $60,000. MetLife Investment Management LLC purchased a new position in Pioneer Bancorp in the first quarter valued at about $81,000. Wells Fargo & Company MN boosted its stake 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 acquiring an additional 1,490 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Pioneer Bancorp during the 1st quarter worth about $121,000.

About Pioneer Bancorp

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.