Pioneer Bancorp, Inc. (NASDAQ:PBFS) Short Interest Up 24.4% in December

Pioneer Bancorp, Inc. (NASDAQ:PBFS - Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 33,600 shares, an increase of 24.4% from the November 30th total of 27,000 shares. Based on an average trading volume of 28,600 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Pioneer Bancorp

A number of hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of Pioneer Bancorp by 500.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,000 shares of the company's stock valued at $66,000 after buying an additional 5,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Pioneer Bancorp by 9.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 32,057 shares of the company's stock worth $352,000 after acquiring an additional 2,806 shares during the period. Dimensional Fund Advisors LP raised its stake in Pioneer Bancorp by 13.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 130,945 shares of the company's stock valued at $1,311,000 after purchasing an additional 15,667 shares during the period. Bank of New York Mellon Corp lifted its holdings in Pioneer Bancorp by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 33,172 shares of the company's stock worth $332,000 after purchasing an additional 1,171 shares in the last quarter. Finally, First Pacific Advisors LP boosted its stake in Pioneer Bancorp by 217.3% in the 2nd quarter. First Pacific Advisors LP now owns 166,974 shares of the company's stock worth $1,671,000 after purchasing an additional 114,346 shares during the period.

Pioneer Bancorp Price Performance

Shares of NASDAQ:PBFS traded up $0.06 during midday trading on Tuesday, hitting $11.52. The company had a trading volume of 13,620 shares, compared to its average volume of 24,593. The company has a market cap of $299.22 million, a price-to-earnings ratio of 15.78 and a beta of 0.50. The company has a fifty day moving average of $11.53 and a two-hundred day moving average of $11.05. Pioneer Bancorp has a 12-month low of $8.76 and a 12-month high of $12.00.

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.

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