Pioneer Bancorp (NASDAQ:PBFS) Stock Price Up 0.2% - Time to Buy?

Key Points

• Pioneer Bancorp shares rose 0.2% to $17.60 in light trading, with volume 42% below the average. The stock’s market capitalization is approximately $437 million, with a P/E ratio of 32.59.
• Analyst sentiment is mixed: Wall Street Zen downgraded the stock to “sell,” while Weiss Ratings reduced its rating to “buy (b).” Despite this, the overall analyst consensus remains “Buy,” based on one Buy rating.
• The company reported quarterly EPS of $0.14 and revenue of $28.32 million. Several institutional investors increased or initiated positions, including Bank of America, Dimensional Fund Advisors, Deutsche Bank and Bank of New York Mellon.

Pioneer Bancorp, Inc. (NASDAQ:PBFS - Get Free Report) shares traded up 0.2% during trading on Tuesday. The company traded as high as $17.81 and last traded at $17.60. Approximately 10,012 shares traded hands during trading, a decline of 42% from the average daily volume of 17,144 shares. The stock had previously closed at $17.57.

Analysts Set New Price Targets

PBFS has been the topic of a number of recent research reports. Wall Street Zen downgraded Pioneer Bancorp from a "hold" rating to a "sell" rating in a research note on Saturday, August 22nd. Weiss Ratings lowered shares of Pioneer Bancorp from a "buy (b+)" rating to a "buy (b)" rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the stock has an average rating of "Buy".

Pioneer Bancorp Stock Performance

The company's 50 day moving average is $17.67 and its 200 day moving average is $16.42. The stock has a market capitalization of $437.18 million, a price-to-earnings ratio of 32.59 and a beta of 0.42.

Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $28.32 million for the quarter.

Institutional Trading of Pioneer Bancorp

Several large investors have recently added to or reduced their stakes in PBFS. Farther Finance Advisors LLC lifted its holdings in Pioneer Bancorp by 25.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,522 shares of the company's stock worth $134,000 after buying an additional 1,503 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Pioneer Bancorp by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 217,592 shares of the company's stock valued at $3,029,000 after buying an additional 1,537 shares during the period. Bank of America Corp DE boosted its stake in Pioneer Bancorp by 49.9% in the first quarter. Bank of America Corp DE now owns 15,996 shares of the company's stock valued at $223,000 after acquiring an additional 5,322 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of Pioneer Bancorp in the 2nd quarter valued at $177,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Pioneer Bancorp in the 2nd quarter valued at about $469,000.

Pioneer Bancorp Company Profile

Pioneer Bancorp, Inc is a bank holding company for Pioneer Bank, a full-service community bank headquartered in Albany, New York. The company provides banking and financial services to individuals, families, businesses and nonprofit organizations primarily in New York's Capital Region and Hudson Valley.

Pioneer Bank offers a range of deposit products, including checking and savings accounts, money market accounts and certificates of deposit. Its lending activities include residential mortgages, home equity loans, consumer loans, commercial real estate financing, construction loans and commercial and industrial lending.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.