Pioneer Bancorp (NASDAQ:PBFS) Stock Price Up 9.6% – What’s Next?

Pioneer Bancorp, Inc. (NASDAQ:PBFS) shot up 9.6% on Monday . The stock traded as high as $16.91 and last traded at $16.36. 43,739 shares changed hands during trading, an increase of 104% from the average session volume of 21,432 shares. The stock had previously closed at $14.93.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pioneer Bancorp currently has an average rating of “Buy”.

Pioneer Bancorp Trading Down 6.3%

The stock has a market cap of $394.76 million, a P/E ratio of 23.85 and a beta of 0.42. The company’s 50 day moving average price is $14.39 and its two-hundred day moving average price is $14.05.

Pioneer Bancorp (NASDAQ:PBFS) last announced its earnings results on Monday, May 11th. The company reported $0.22 earnings per share (EPS) for the quarter. Pioneer Bancorp had a net margin of 16.17% and a return on equity of 5.02%. The company had revenue of $24.61 million during the quarter.

Institutional Investors Weigh In On Pioneer Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of PBFS. BNP Paribas Financial Markets lifted its position in Pioneer Bancorp by 83.3% during the third quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock valued at $29,000 after purchasing an additional 992 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Pioneer Bancorp by 160.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company’s stock worth $42,000 after buying an additional 2,152 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Pioneer Bancorp by 238.8% in the third quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock worth $53,000 after buying an additional 2,851 shares during the period. Strs Ohio purchased a new position in shares of Pioneer Bancorp during the 1st quarter valued at about $60,000. Finally, Jane Street Group LLC purchased a new position in shares of Pioneer Bancorp during the 1st quarter valued at about $121,000.

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.