Pioneer Bancorp (NASDAQ:PBFS) Posts Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) released its quarterly earnings data on Friday. The company reported $0.15 earnings per share for the quarter, FiscalAI reports. Pioneer Bancorp had a net margin of 16.17% and a return on equity of 6.38%. The firm had revenue of $24.22 million for the quarter.

Pioneer Bancorp Price Performance

PBFS stock traded up $0.16 during trading hours on Friday, reaching $14.15. The stock had a trading volume of 13,184 shares, compared to its average volume of 9,112. The stock has a market capitalization of $354.88 million, a PE ratio of 17.69 and a beta of 0.45. Pioneer Bancorp has a fifty-two week low of $10.60 and a fifty-two week high of $14.94. The stock has a 50-day simple moving average of $13.68 and a 200 day simple moving average of $13.19.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Pioneer Bancorp in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Pioneer Bancorp has an average rating of “Hold”.

Insiders Place Their Bets

In other Pioneer Bancorp news, EVP Jesse Tomczak sold 5,395 shares of Pioneer Bancorp stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $14.69, for a total value of $79,252.55. Following the completion of the sale, the executive vice president owned 41,000 shares in the company, valued at $602,290. The trade was a 11.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.50% of the company’s stock.

Institutional Trading of Pioneer Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its position in Pioneer Bancorp by 6.6% during the 3rd quarter. Alliancebernstein L.P. now owns 481,477 shares of the company’s stock worth $6,288,000 after purchasing an additional 29,678 shares during the last quarter. Private Capital Management LLC boosted its holdings in Pioneer Bancorp by 1.9% in the third quarter. Private Capital Management LLC now owns 365,453 shares of the company’s stock worth $4,773,000 after acquiring an additional 6,756 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Pioneer Bancorp by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 217,166 shares of the company’s stock worth $2,836,000 after buying an additional 3,524 shares during the last quarter. Bridgeway Capital Management LLC raised its position in Pioneer Bancorp by 4.1% in the 2nd quarter. Bridgeway Capital Management LLC now owns 169,982 shares of the company’s stock valued at $2,045,000 after buying an additional 6,663 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Pioneer Bancorp by 8.2% in the first quarter. Empowered Funds LLC now owns 65,119 shares of the company’s stock valued at $763,000 after purchasing an additional 4,955 shares during 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.