Pioneer Bancorp (NASDAQ:PBFS) Stock Rating Lowered by Wall Street Zen

Pioneer Bancorp (NASDAQ:PBFS) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings downgraded Pioneer Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Pioneer Bancorp has a consensus rating of “Buy”.

Pioneer Bancorp Stock Down 0.1%

Shares of Pioneer Bancorp stock opened at $17.36 on Friday. The stock’s fifty day moving average is $17.19 and its 200-day moving average is $15.48. The firm has a market capitalization of $431.22 million, a PE ratio of 32.15 and a beta of 0.40. Pioneer Bancorp has a 12-month low of $12.64 and a 12-month high of $19.42.

Pioneer Bancorp (NASDAQ:PBFS) last released its quarterly earnings results on Monday, August 10th. The company reported $0.14 earnings per share for the quarter. The company had revenue of $28.32 million during the quarter.

Institutional Trading of Pioneer Bancorp

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in shares of Pioneer Bancorp in the second quarter valued at $1,232,000. Bank of America Corp DE purchased a new position in shares of Pioneer Bancorp during the second quarter valued at $225,000. BlackRock Inc. purchased a new position in shares of Pioneer Bancorp during the second quarter valued at $10,774,000. Deutsche Bank AG purchased a new position in shares of Pioneer Bancorp during the second quarter valued at $177,000. Finally, Bank of New York Mellon Corp acquired a new position in Pioneer Bancorp during the second quarter valued at $469,000.

About Pioneer Bancorp

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.