Pioneer Bancorp, Inc. (NASDAQ:PBFS) Sees Significant Drop in Short Interest

Pioneer Bancorp, Inc. (NASDAQ:PBFS) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 37,300 shares, a drop of 16.7% from the March 15th total of 44,800 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 13,500 shares, the short-interest ratio is currently 2.8 days.

Pioneer Bancorp Stock Down 0.9 %

NASDAQ:PBFS opened at $9.01 on Friday. The company has a 50 day moving average price of $9.38 and a 200 day moving average price of $9.16. Pioneer Bancorp has a fifty-two week low of $7.81 and a fifty-two week high of $11.00.

Pioneer Bancorp (NASDAQ:PBFS) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.13 earnings per share for the quarter. The firm had revenue of $20.93 million during the quarter. Pioneer Bancorp had a net margin of 18.18% and a return on equity of 6.34%.

Wall Street Analyst Weigh In

Separately, TheStreet raised shares of Pioneer Bancorp from a “c+” rating to a “b” rating in a research report on Tuesday, December 26th.

Hedge Funds Weigh In On Pioneer Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBFS. Barclays PLC boosted its position in Pioneer Bancorp by 533.3% in the 4th quarter. Barclays PLC now owns 3,116 shares of the company’s stock valued at $35,000 after buying an additional 2,624 shares during the period. Citigroup Inc. boosted its position in Pioneer Bancorp by 410,300.0% in the 2nd quarter. Citigroup Inc. now owns 4,104 shares of the company’s stock valued at $37,000 after buying an additional 4,103 shares during the period. UBS Group AG boosted its position in Pioneer Bancorp by 631.8% in the 4th quarter. UBS Group AG now owns 3,659 shares of the company’s stock valued at $42,000 after buying an additional 3,159 shares during the period. Deutsche Bank AG boosted its position in Pioneer Bancorp by 44.1% in the 1st quarter. Deutsche Bank AG now owns 6,934 shares of the company’s stock valued at $68,000 after buying an additional 2,122 shares during the period. Finally, MetLife Investment Management LLC purchased a new position in Pioneer Bancorp in the 4th quarter valued at approximately $71,000.

Pioneer Bancorp Company Profile

Pioneer Bancorp, Inc operates as a holding company for Pioneer Savings Bank that provides various banking products and services in New York. The company accepts various deposit products, such as demand, savings, and money market accounts, as well as certificates of deposit accounts. Its loan products include commercial real estate, commercial and industrial, commercial construction, residential mortgage lending, consumer loans, and home equity lines of credit.