Pioneer Bancorp (NASDAQ:PBFS) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Pioneer Bancorp (NASDAQ:PBFS) to a hold rating in a research note published on Saturday.

Separately, Weiss Ratings raised shares of Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Pioneer Bancorp Stock Down 2.2%

PBFS stock opened at $17.17 on Friday. The stock has a market capitalization of $430.57 million, a PE ratio of 26.02 and a beta of 0.40. Pioneer Bancorp has a 52 week low of $12.01 and a 52 week high of $19.42. The firm has a 50 day moving average of $16.25 and a 200 day moving average of $14.81.

Pioneer Bancorp (NASDAQ:PBFS) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $24.61 million for the quarter.

Hedge Funds Weigh In On Pioneer Bancorp

A number of institutional investors have recently modified their holdings of PBFS. AQR Capital Management LLC acquired a new position in shares of Pioneer Bancorp in the 1st quarter valued at about $156,000. Goldman Sachs Group Inc. boosted its stake in shares of Pioneer Bancorp by 12.3% in the first quarter. Goldman Sachs Group Inc. now owns 39,583 shares of the company’s stock worth $464,000 after buying an additional 4,334 shares during the last quarter. Empowered Funds LLC grew its holdings in Pioneer Bancorp by 8.2% during the first quarter. Empowered Funds LLC now owns 65,119 shares of the company’s stock worth $763,000 after acquiring an additional 4,955 shares during the period. Jane Street Group LLC acquired a new stake in Pioneer Bancorp during the first quarter worth about $121,000. Finally, Strs Ohio purchased a new position in Pioneer Bancorp during the first quarter valued at approximately $60,000.

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.