Pioneer Bancorp (NASDAQ:PBFS) Stock Price Down 0.1% – Here’s Why

Pioneer Bancorp, Inc. (NASDAQ:PBFS)’s stock price was down 0.1% on Tuesday . The stock traded as low as $13.08 and last traded at $13.41. Approximately 13,412 shares were traded during mid-day trading, an increase of 72% from the average daily volume of 7,785 shares. The stock had previously closed at $13.42.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Pioneer Bancorp in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Pioneer Bancorp Trading Down 0.1%

The company has a market capitalization of $336.32 million, a P/E ratio of 16.76 and a beta of 0.45. The company has a 50 day moving average price of $13.60 and a 200 day moving average price of $13.14.

Pioneer Bancorp (NASDAQ:PBFS) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter. Pioneer Bancorp had a return on equity of 6.38% and a net margin of 16.17%.The business had revenue of $24.02 million during the quarter.

Insider Activity

In related news, EVP Jesse Tomczak sold 5,395 shares of Pioneer Bancorp stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $14.69, for a total transaction of $79,252.55. Following the completion of the sale, the executive vice president owned 41,000 shares of the company’s stock, valued at approximately $602,290. The trade was a 11.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Pioneer Bancorp

Several hedge funds have recently bought and sold shares of PBFS. BNP Paribas Financial Markets boosted its holdings in shares of Pioneer Bancorp by 83.3% during the third quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock worth $29,000 after acquiring an additional 992 shares during the period. CWM LLC lifted its holdings in Pioneer Bancorp by 65.1% during the 3rd quarter. CWM LLC now owns 2,610 shares of the company’s stock worth $34,000 after purchasing an additional 1,029 shares during the last quarter. Police & Firemen s Retirement System of New Jersey bought a new stake in Pioneer Bancorp in the 2nd quarter valued at $32,000. Tower Research Capital LLC TRC boosted its stake in Pioneer Bancorp by 160.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company’s stock valued at $42,000 after purchasing an additional 2,152 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Pioneer Bancorp by 238.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock valued at $53,000 after buying an additional 2,851 shares in the last quarter.

About Pioneer Bancorp

Pioneer Bancorp, Inc is the bank holding company for Pioneer Bank, an FDIC-insured community bank headquartered in Islandia, New York. The company delivers a comprehensive suite of banking services to individuals, small businesses and nonprofit organizations across the Long Island region. Through its subsidiary, Pioneer Bank offers deposit accounts, consumer and commercial lending solutions, and cash management services tailored to local market needs.

The company’s retail offerings include checking and savings accounts, certificates of deposit and personal lending products, while commercial clients can access commercial real estate loans, business lines of credit, equipment financing and SBA-guaranteed loans.