Prudential Bancorp Inc (NASDAQ:PBIP) was the recipient of a large decrease in short interest in November. As of November 29th, there was short interest totalling 38,100 shares, a decrease of 9.1% from the November 14th total of 41,900 shares. Based on an average daily trading volume, of 5,800 shares, the days-to-cover ratio is currently 6.6 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its stake in shares of Prudential Bancorp by 8.8% during the 3rd quarter. Rhumbline Advisers now owns 13,187 shares of the savings and loans company’s stock worth $224,000 after purchasing an additional 1,062 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Prudential Bancorp by 7.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 20,659 shares of the savings and loans company’s stock worth $391,000 after buying an additional 1,350 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Prudential Bancorp by 11.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 33,589 shares of the savings and loans company’s stock worth $636,000 after buying an additional 3,393 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Prudential Bancorp by 3.7% during the 2nd quarter. Northern Trust Corp now owns 98,457 shares of the savings and loans company’s stock worth $1,863,000 after buying an additional 3,549 shares during the last quarter. Finally, Maltese Capital Management LLC increased its holdings in shares of Prudential Bancorp by 22.4% during the 2nd quarter. Maltese Capital Management LLC now owns 116,267 shares of the savings and loans company’s stock worth $2,200,000 after buying an additional 21,267 shares during the last quarter. 41.05% of the stock is currently owned by institutional investors.

PBIP stock remained flat at $$18.50 on Friday. The company had a trading volume of 9,109 shares, compared to its average volume of 5,414. Prudential Bancorp has a 12-month low of $13.92 and a 12-month high of $19.57. The company has a market capitalization of $163.82 million, a P/E ratio of 17.39 and a beta of 0.05. The firm’s 50-day moving average price is $17.82 and its two-hundred day moving average price is $17.40.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, December 5th. This is a positive change from Prudential Bancorp’s previous quarterly dividend of $0.05.

Prudential Bancorp Company Profile

Prudential Bancorp, Inc operates as the bank holding company for Prudential Bank that provides various banking products or services. The company accepts interest-bearing and non-interest-bearing checking, money market, savings, and certificates of deposit accounts. Its loan portfolio comprises single-family residential mortgage loans, construction and land development loans, non-residential or commercial real estate mortgage loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, such as loans secured by deposit accounts and unsecured personal loans.

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