Prudential Bancorp Inc (PBIP) Insider Buys $42,125.00 in Stock

Prudential Bancorp Inc (NASDAQ:PBIP) insider Dennis Pollack purchased 2,500 shares of Prudential Bancorp stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $16.85 per share, with a total value of $42,125.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dennis Pollack also recently made the following trade(s):

  • On Monday, February 5th, Dennis Pollack purchased 2,500 shares of Prudential Bancorp stock. The stock was bought at an average cost of $17.06 per share, with a total value of $42,650.00.
  • On Friday, January 26th, Dennis Pollack purchased 2,500 shares of Prudential Bancorp stock. The stock was bought at an average cost of $17.63 per share, with a total value of $44,075.00.

Shares of Prudential Bancorp Inc (NASDAQ:PBIP) traded up $0.23 during trading hours on Monday, hitting $17.20. The company’s stock had a trading volume of 10,661 shares, compared to its average volume of 16,571. Prudential Bancorp Inc has a 12 month low of $15.81 and a 12 month high of $18.96. The firm has a market capitalization of $152.41, a PE ratio of 77.14 and a beta of -0.10.

Prudential Bancorp (NASDAQ:PBIP) last announced its quarterly earnings results on Tuesday, January 23rd. The savings and loans company reported $0.20 earnings per share for the quarter. The company had revenue of $6.55 million during the quarter.

Several large investors have recently made changes to their positions in PBIP. New York State Common Retirement Fund acquired a new stake in shares of Prudential Bancorp in the second quarter worth about $158,000. Wells Fargo & Company MN lifted its position in shares of Prudential Bancorp by 165.6% in the third quarter. Wells Fargo & Company MN now owns 9,287 shares of the savings and loans company’s stock worth $171,000 after buying an additional 5,791 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in shares of Prudential Bancorp in the second quarter worth about $235,000. California State Teachers Retirement System acquired a new stake in shares of Prudential Bancorp in the second quarter worth about $262,000. Finally, Teachers Advisors LLC acquired a new stake in shares of Prudential Bancorp in the second quarter worth about $265,000. 36.65% of the stock is owned by institutional investors.

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About Prudential Bancorp

Prudential Bancorp, Inc of Pennsylvania is a mid-tier holding company for Prudential Savings Bank (the Bank). The Bank is a wholly owned subsidiary of the Company. Prudential Mutual Holding Company, a Pennsylvania corporation, is the mutual holding company parent of the Company. As of September 30, 2012, Prudential Mutual Holding Company owns 74.6% of the Company.

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