Insider Buying: Prudential Bancorp Inc (NASDAQ:PBIP) Director Purchases $17,240.00 in Stock

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Prudential Bancorp Inc (NASDAQ:PBIP) Director A J. Fanelli purchased 1,000 shares of Prudential Bancorp stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $17.24 per share, for a total transaction of $17,240.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of NASDAQ PBIP opened at $16.12 on Friday. Prudential Bancorp Inc has a 1 year low of $13.92 and a 1 year high of $19.57. The company’s 50-day moving average is $17.59 and its 200 day moving average is $17.62. The stock has a market capitalization of $143.11 million, a P/E ratio of 15.48 and a beta of -0.01.

Prudential Bancorp (NASDAQ:PBIP) last announced its quarterly earnings results on Friday, July 19th. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter. Prudential Bancorp had a net margin of 21.04% and a return on equity of 7.16%. The company had revenue of $7.40 million for the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Thursday, September 5th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC purchased a new stake in shares of Prudential Bancorp during the first quarter valued at approximately $31,000. BNP Paribas Arbitrage SA grew its holdings in shares of Prudential Bancorp by 542.3% during the first quarter. BNP Paribas Arbitrage SA now owns 1,869 shares of the savings and loans company’s stock valued at $32,000 after buying an additional 1,578 shares during the last quarter. SG Americas Securities LLC bought a new position in Prudential Bancorp during the first quarter valued at approximately $155,000. Bank of America Corp DE lifted its position in Prudential Bancorp by 30.7% during the fourth quarter. Bank of America Corp DE now owns 10,473 shares of the savings and loans company’s stock valued at $185,000 after purchasing an additional 2,462 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Prudential Bancorp by 7.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 20,659 shares of the savings and loans company’s stock valued at $391,000 after purchasing an additional 1,350 shares during the period. Institutional investors and hedge funds own 39.98% of the company’s stock.

Prudential Bancorp Company Profile

Prudential Bancorp, Inc operates as the bank holding company for Prudential Bank that provides various banking products or services. The company accepts interest-bearing and non-interest-bearing checking, money market, savings, and certificates of deposit accounts. Its loan portfolio comprises single-family residential mortgage loans, construction and land development loans, non-residential or commercial real estate mortgage loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, such as loans secured by deposit accounts and unsecured personal loans.

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