Flywheel Private Wealth LLC Takes Position in Pioneer Bancorp, Inc. $PBFS

Flywheel Private Wealth LLC bought a new position in Pioneer Bancorp, Inc. (NASDAQ:PBFS) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,000 shares of the company’s stock, valued at approximately $557,000. Flywheel Private Wealth LLC owned 0.16% of Pioneer Bancorp as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in Pioneer Bancorp by 83.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock worth $29,000 after acquiring an additional 992 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Pioneer Bancorp by 160.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company’s stock valued at $42,000 after acquiring an additional 2,152 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Pioneer Bancorp by 238.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock valued at $53,000 after acquiring an additional 2,851 shares in the last quarter. Strs Ohio acquired a new position in shares of Pioneer Bancorp in the 1st quarter valued at about $60,000. Finally, Jane Street Group LLC acquired a new position in shares of Pioneer Bancorp in the 1st quarter valued at about $121,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Pioneer Bancorp Stock Performance

NASDAQ PBFS opened at $17.10 on Monday. Pioneer Bancorp, Inc. has a 1-year low of $11.40 and a 1-year high of $17.14. The firm’s fifty day simple moving average is $15.16 and its 200-day simple moving average is $14.38. The company has a market capitalization of $428.87 million, a PE ratio of 25.91 and a beta of 0.42.

Pioneer Bancorp (NASDAQ:PBFS) last released its quarterly earnings data on Monday, May 11th. The company reported $0.22 earnings per share (EPS) for the quarter. Pioneer Bancorp had a return on equity of 5.02% and a net margin of 16.17%.The firm had revenue of $24.61 million during the quarter.

Pioneer Bancorp Profile

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.