Pioneer Bancorp's (PBFS) Buy (B-) Rating Reaffirmed at Weiss Ratings

Key Points

• Pioneer Bancorp has received a "buy (B-)" rating reaffirmed by Weiss Ratings, signaling confidence in the company's performance.
• The company's stock opened at $13.12 with a market capitalization of $331.94 million and a trailing P/E ratio of 15.08.
• Institutional investors recently increased their stakes in Pioneer Bancorp, with notable increases from Bank of America and Goldman Sachs.

Pioneer Bancorp (NASDAQ:PBFS - Get Free Report)'s stock had its "buy (b-)" rating reissued by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Pioneer Bancorp Trading Up 0.8%

Shares of PBFS stock opened at $13.12 on Wednesday. The company has a market capitalization of $331.94 million, a PE ratio of 15.08 and a beta of 0.47. The firm has a fifty day simple moving average of $12.97 and a 200-day simple moving average of $12.13. Pioneer Bancorp has a twelve month low of $10.60 and a twelve month high of $13.65.

Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $24.41 million for the quarter. Pioneer Bancorp had a net margin of 18.33% and a return on equity of 7.07%.

Institutional Trading of Pioneer Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in Pioneer Bancorp by 25.4% in the fourth quarter. Bank of America Corp DE now owns 14,564 shares of the company's stock valued at $168,000 after acquiring an additional 2,950 shares in the last quarter. Nuveen LLC acquired a new stake in Pioneer Bancorp in the first quarter valued at $158,000. Martingale Asset Management L P raised its holdings in shares of Pioneer Bancorp by 2.9% during the first quarter. Martingale Asset Management L P now owns 31,649 shares of the company's stock worth $371,000 after purchasing an additional 905 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Pioneer Bancorp by 12.3% during the first quarter. Goldman Sachs Group Inc. now owns 39,583 shares of the company's stock worth $464,000 after purchasing an additional 4,334 shares during the period. Finally, MetLife Investment Management LLC acquired a new stake in shares of Pioneer Bancorp during the first quarter worth $81,000.

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.

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