Pioneer Bancorp (NASDAQ:PBFS) Rating Increased to Hold at Wall Street Zen

Pioneer Bancorp (NASDAQ:PBFS) was upgraded by Wall Street Zen to a “hold” rating in a research report issued on Saturday.

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

Pioneer Bancorp Stock Down 2.2%

Shares of PBFS stock opened at $17.17 on Friday. Pioneer Bancorp has a 12 month low of $12.01 and a 12 month high of $19.42. The company’s fifty day simple moving average is $16.25 and its 200-day simple moving average is $14.81. The firm has a market cap of $430.62 million, a PE ratio of 26.02 and a beta of 0.40.

Pioneer Bancorp (NASDAQ:PBFS) last released its earnings results on Monday, May 11th. The company reported $0.22 earnings per share for the quarter. The business had revenue of $24.61 million during the quarter.

Hedge Funds Weigh In On Pioneer Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in Pioneer Bancorp by 83.3% in the third quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock valued at $29,000 after buying an additional 992 shares during the period. Rhumbline Advisers lifted its position in shares of Pioneer Bancorp by 6.3% in the second quarter. Rhumbline Advisers now owns 17,351 shares of the company’s stock valued at $209,000 after buying an additional 1,021 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 last quarter. Captrust Financial Advisors boosted its stake in shares of Pioneer Bancorp by 12.7% during the 2nd quarter. Captrust Financial Advisors now owns 17,807 shares of the company’s stock worth $214,000 after acquiring an additional 2,009 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of Pioneer Bancorp by 27.4% during the 4th quarter. Deutsche Bank AG now owns 9,359 shares of the company’s stock worth $126,000 after acquiring an additional 2,011 shares during the period.

Pioneer Bancorp Company 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.