Pioneer Bancorp (NASDAQ:PBFS) Announces Quarterly Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) released its quarterly earnings data on Monday. The company reported $0.22 earnings per share (EPS) for the quarter, Zacks reports. Pioneer Bancorp had a return on equity of 6.24% and a net margin of 15.32%.The firm had revenue of $24.61 million during the quarter.

Pioneer Bancorp Price Performance

Pioneer Bancorp stock traded up $0.06 during midday trading on Wednesday, reaching $14.76. 672 shares of the company were exchanged, compared to its average volume of 11,556. The company has a market capitalization of $370.06 million, a price-to-earnings ratio of 18.44 and a beta of 0.41. The firm’s 50-day simple moving average is $14.09 and its 200-day simple moving average is $13.88. Pioneer Bancorp has a 1 year low of $11.24 and a 1 year high of $15.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.03 and a current ratio of 1.03.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Pioneer Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its holdings in Pioneer Bancorp by 83.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock worth $29,000 after purchasing an additional 992 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 valued at $42,000 after buying an additional 2,152 shares during the period. Russell Investments Group Ltd. lifted its holdings 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 valued at $53,000 after buying an additional 2,851 shares during the period. Strs Ohio acquired a new stake in shares of Pioneer Bancorp in the first quarter valued at $60,000. Finally, Deutsche Bank AG raised its position in shares of Pioneer Bancorp by 27.4% during the fourth quarter. Deutsche Bank AG now owns 9,359 shares of the company’s stock worth $126,000 after purchasing an additional 2,011 shares during the period.

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.