Pioneer Bancorp, Inc. (NASDAQ:PBFS) Short Interest Up 36.6% in March

Pioneer Bancorp, Inc. (NASDAQ:PBFS - Get Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 42,200 shares, a growth of 36.6% from the February 28th total of 30,900 shares. Based on an average trading volume of 23,400 shares, the short-interest ratio is presently 1.8 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Trading of Pioneer Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp increased its holdings in Pioneer Bancorp by 0.9% in the 4th quarter. Northern Trust Corp now owns 90,362 shares of the company's stock valued at $1,041,000 after buying an additional 850 shares during the period. Wells Fargo & Company MN increased its stake in Pioneer Bancorp by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,836 shares of the company's stock valued at $90,000 after acquiring an additional 1,490 shares during the period. State Street Corp raised its holdings in shares of Pioneer Bancorp by 1.0% in the 3rd quarter. State Street Corp now owns 177,006 shares of the company's stock worth $1,942,000 after buying an additional 1,700 shares in the last quarter. Barclays PLC boosted its stake in shares of Pioneer Bancorp by 12.0% in the 4th quarter. Barclays PLC now owns 21,001 shares of the company's stock valued at $242,000 after purchasing an additional 2,244 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in Pioneer Bancorp by 4.8% during the fourth quarter. Empowered Funds LLC now owns 60,164 shares of the company's stock worth $693,000 after buying an additional 2,779 shares during the last quarter.

Pioneer Bancorp Stock Performance

Shares of NASDAQ:PBFS traded down $0.15 during midday trading on Friday, hitting $11.04. The company's stock had a trading volume of 4,193 shares, compared to its average volume of 26,533. 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 capitalization of $285.36 million, a price-to-earnings ratio of 15.12 and a beta of 0.28. The stock's 50 day simple moving average is $11.75 and its 200 day simple moving average is $11.47.

Pioneer Bancorp (NASDAQ:PBFS - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter. Pioneer Bancorp had a net margin of 16.26% and a return on equity of 6.16%.

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.