Pioneer Bancorp (NASDAQ:PBFS) Issues Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) released its quarterly earnings data on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $28.32 million during the quarter.

Pioneer Bancorp Trading Up 1.1%

NASDAQ:PBFS opened at $17.82 on Friday. The company has a 50 day simple moving average of $16.74 and a two-hundred day simple moving average of $15.08. The company has a market cap of $446.95 million, a PE ratio of 26.63 and a beta of 0.40. Pioneer Bancorp has a 12 month low of $12.11 and a 12 month high of $19.42.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PBFS shares. Weiss Ratings raised Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. Wall Street Zen raised shares of Pioneer Bancorp to a “hold” rating in a research note on Saturday, July 18th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Institutional Investors Weigh In On Pioneer Bancorp

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of Pioneer Bancorp by 83.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock valued at $29,000 after acquiring an additional 992 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of 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 purchasing an additional 2,152 shares during the period. Russell Investments Group Ltd. increased 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 purchasing an additional 2,851 shares in the last quarter. Strs Ohio bought a new stake in shares of Pioneer Bancorp during the 1st quarter valued at $60,000. Finally, Jane Street Group LLC bought a new stake in shares of Pioneer Bancorp during the 1st quarter valued at $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.