Short Interest in Pioneer Bancorp, Inc. (NASDAQ:PBFS) Increases By 19.0%

Pioneer Bancorp, Inc. (NASDAQ:PBFS) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 95,672 shares, a growth of 19.0% from the February 26th total of 80,377 shares. Based on an average daily trading volume, of 12,560 shares, the short-interest ratio is presently 7.6 days. Approximately 0.4% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Pioneer Bancorp from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, March 13th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Pioneer Bancorp Stock Up 0.7%

NASDAQ:PBFS traded up $0.09 during trading hours on Tuesday, hitting $13.92. The company’s stock had a trading volume of 10,179 shares, compared to its average volume of 19,070. Pioneer Bancorp has a 52-week low of $10.60 and a 52-week high of $15.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $349.11 million, a P/E ratio of 17.40 and a beta of 0.45. The stock has a fifty day moving average of $14.12 and a 200-day moving average of $13.66.

Pioneer Bancorp (NASDAQ:PBFS) last announced its quarterly earnings results on Friday, January 30th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $25.05 million during the quarter. Pioneer Bancorp had a return on equity of 6.43% and a net margin of 16.02%.

Hedge Funds Weigh In On Pioneer Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in shares of Pioneer Bancorp during the 1st quarter worth approximately $121,000. Alliancebernstein L.P. boosted its holdings in shares of Pioneer Bancorp by 6.6% in the 3rd quarter. Alliancebernstein L.P. now owns 481,477 shares of the company’s stock valued at $6,288,000 after buying an additional 29,678 shares in the last quarter. Private Capital Management LLC grew its position in shares of Pioneer Bancorp by 1.9% in the 3rd quarter. Private Capital Management LLC now owns 365,453 shares of the company’s stock valued at $4,773,000 after buying an additional 6,756 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Pioneer Bancorp by 12.7% in the 2nd quarter. Captrust Financial Advisors now owns 17,807 shares of the company’s stock valued at $214,000 after buying an additional 2,009 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Pioneer Bancorp by 38.6% during the 4th quarter. Wells Fargo & Company MN now owns 13,344 shares of the company’s stock worth $180,000 after acquiring an additional 3,717 shares in the last quarter.

Pioneer Bancorp Company Profile

Pioneer Bancorp, Inc is the bank holding company for Pioneer Bank, an FDIC-insured community bank headquartered in Islandia, New York. The company delivers a comprehensive suite of banking services to individuals, small businesses and nonprofit organizations across the Long Island region. Through its subsidiary, Pioneer Bank offers deposit accounts, consumer and commercial lending solutions, and cash management services tailored to local market needs.

The company’s retail offerings include checking and savings accounts, certificates of deposit and personal lending products, while commercial clients can access commercial real estate loans, business lines of credit, equipment financing and SBA-guaranteed loans.