Pioneer Bancorp, Inc. (NASDAQ:PBFS - Get Free Report) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 30,900 shares, a decline of 16.7% from the February 13th total of 37,100 shares. Based on an average daily volume of 22,900 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in PBFS. Alliancebernstein L.P. lifted its holdings in Pioneer Bancorp by 120.0% in the fourth quarter. Alliancebernstein L.P. now owns 374,307 shares of the company's stock valued at $4,312,000 after acquiring an additional 204,177 shares during the last quarter. Renaissance Technologies LLC raised its position in Pioneer Bancorp by 81.5% in the fourth quarter. Renaissance Technologies LLC now owns 92,312 shares of the company's stock valued at $1,063,000 after purchasing an additional 41,450 shares during the period. Martingale Asset Management L P purchased a new stake in Pioneer Bancorp in the fourth quarter valued at approximately $354,000. Arrowstreet Capital Limited Partnership raised its position in Pioneer Bancorp by 156.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 48,239 shares of the company's stock valued at $556,000 after purchasing an additional 29,464 shares during the period. Finally, Geode Capital Management LLC raised its position in Pioneer Bancorp by 12.5% in the third quarter. Geode Capital Management LLC now owns 250,178 shares of the company's stock valued at $2,745,000 after purchasing an additional 27,786 shares during the period.
Pioneer Bancorp Price Performance
PBFS traded down $0.27 during trading hours on Friday, reaching $11.68. The company's stock had a trading volume of 62,167 shares, compared to its average volume of 25,828. Pioneer Bancorp has a fifty-two week low of $8.76 and a fifty-two week high of $12.20. The stock has a market cap of $301.90 million, a PE ratio of 16.00 and a beta of 0.46. The business's 50-day moving average is $11.67 and its 200-day moving average is $11.43.
Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.13 EPS for the quarter. Pioneer Bancorp had a return on equity of 6.16% and a net margin of 16.26%.
About Pioneer Bancorp
(
Get Free Report)
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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