Pioneer Bancorp (NASDAQ:PBFS) Trading Up 1% - Still a Buy?

Pioneer Bancorp, Inc. (NASDAQ:PBFS - Get Free Report)'s stock price traded up 1% on Thursday . The stock traded as high as $13.52 and last traded at $13.43. 9,900 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 13,694 shares. The stock had previously closed at $13.30.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Pioneer Bancorp from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Pioneer Bancorp presently has an average rating of "Hold".

View Our Latest Stock Analysis on PBFS

Pioneer Bancorp Stock Up 1.0%

The company has a market capitalization of $336.82 million, a P/E ratio of 16.79 and a beta of 0.49. The company has a 50-day moving average of $13.19 and a two-hundred day moving average of $12.47.

Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.18 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.

Institutional Investors Weigh In On Pioneer Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of PBFS. BNP Paribas Financial Markets increased its stake 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 valued at $29,000 after purchasing an additional 992 shares in the last quarter. Russell Investments Group Ltd. increased its position 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 buying an additional 2,851 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Pioneer Bancorp by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 217,166 shares of the company's stock valued at $2,836,000 after buying an additional 3,524 shares during the last quarter. CWM LLC raised its stake in Pioneer Bancorp by 65.1% during the third quarter. CWM LLC now owns 2,610 shares of the company's stock valued at $34,000 after buying an additional 1,029 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Pioneer Bancorp by 160.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company's stock worth $42,000 after acquiring an additional 2,152 shares in the last quarter.

About Pioneer Bancorp

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.

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