Pioneer Bancorp, Inc. (NASDAQ:PBFS - Get Free Report) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 27,500 shares, a decline of 14.9% from the December 31st total of 32,300 shares. Based on an average trading volume of 26,600 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company's stock are short sold.
Institutional Investors Weigh In On Pioneer Bancorp
A number of large investors have recently modified their holdings of PBFS. Farther Finance Advisors LLC increased its position in shares of Pioneer Bancorp by 500.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,000 shares of the company's stock valued at $66,000 after acquiring an additional 5,000 shares during the period. JPMorgan Chase & Co. lifted its stake in Pioneer Bancorp by 188.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,120 shares of the company's stock valued at $166,000 after acquiring an additional 9,877 shares during the period. Barclays PLC increased its stake in shares of Pioneer Bancorp by 370.0% in the third quarter. Barclays PLC now owns 18,757 shares of the company's stock worth $206,000 after acquiring an additional 14,766 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Pioneer Bancorp during the fourth quarter worth $238,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Pioneer Bancorp by 9.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 32,057 shares of the company's stock valued at $352,000 after purchasing an additional 2,806 shares during the last quarter.
Pioneer Bancorp Stock Performance
Pioneer Bancorp stock traded up $0.06 during midday trading on Wednesday, hitting $11.42. 13,906 shares of the company's stock were exchanged, compared to its average volume of 18,020. The company has a market cap of $296.58 million, a PE ratio of 15.64 and a beta of 0.49. The firm has a 50-day moving average of $11.48 and a two-hundred day moving average of $11.21. Pioneer Bancorp has a 12 month low of $8.76 and a 12 month high of $12.00.
Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.13 EPS for the quarter. Pioneer Bancorp had a net margin of 16.26% and a return on equity of 6.16%.
About Pioneer Bancorp
(
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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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