Pioneer Bancorp (NASDAQ:PBFS) Shares Up 0.3% - What's Next?

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.

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

Pioneer Bancorp Stock Up 1.5%

The firm has a market capitalization of $335.27 million, a price-to-earnings ratio of 14.91 and a beta of 0.37. The company's 50 day moving average is $12.09 and its 200 day moving average is $11.76.

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 (EPS) for the quarter. The company had revenue of $24.41 million for the quarter. Pioneer Bancorp had a return on equity of 7.07% and a net margin of 18.33%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of Pioneer Bancorp by 144.9% in the 4th quarter. JPMorgan Chase & Co. now owns 37,024 shares of the company's stock worth $427,000 after acquiring an additional 21,904 shares during the last quarter. Wells Fargo & Company MN raised its position in Pioneer Bancorp by 23.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,836 shares of the company's stock valued at $90,000 after buying an additional 1,490 shares during the last quarter. Renaissance Technologies LLC boosted its position in Pioneer Bancorp by 81.5% in the fourth quarter. Renaissance Technologies LLC now owns 92,312 shares of the company's stock worth $1,063,000 after purchasing an additional 41,450 shares during the last quarter. Barclays PLC boosted its position in Pioneer Bancorp by 12.0% in the fourth quarter. Barclays PLC now owns 21,001 shares of the company's stock worth $242,000 after purchasing an additional 2,244 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Pioneer Bancorp by 11.2% in the fourth 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 last quarter.

Pioneer Bancorp Company Profile

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.