Pioneer Bancorp, Inc. (NASDAQ:PBFS) Sees Significant Decline in Short Interest

Pioneer Bancorp, Inc. (NASDAQ:PBFS) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 20,700 shares, a drop of 21.9% from the September 15th total of 26,500 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,300 shares, the short-interest ratio is presently 0.7 days.

Pioneer Bancorp Trading Up 1.7 %

PBFS traded up $0.19 during trading on Tuesday, hitting $11.13. 47,011 shares of the company traded hands, compared to its average volume of 23,527. The company has a market cap of $289.16 million, a PE ratio of 17.39 and a beta of 0.50. Pioneer Bancorp has a 1 year low of $7.81 and a 1 year high of $11.40. The stock’s 50-day simple moving average is $10.89 and its two-hundred day simple moving average is $10.25.

Pioneer Bancorp (NASDAQ:PBFS) last issued its quarterly earnings data on Wednesday, September 25th. The company reported $0.16 earnings per share for the quarter. Pioneer Bancorp had a return on equity of 5.35% and a net margin of 14.58%. The firm had revenue of $20.89 million during the quarter.

Hedge Funds Weigh In On Pioneer Bancorp

Several institutional investors have recently added to or reduced their stakes in PBFS. Vanguard Group Inc. boosted its position in shares of Pioneer Bancorp by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 683,693 shares of the company’s stock valued at $6,707,000 after acquiring an additional 4,027 shares during the last quarter. First Pacific Advisors LP lifted its position in Pioneer Bancorp by 217.3% during the second quarter. First Pacific Advisors LP now owns 166,974 shares of the company’s stock valued at $1,671,000 after purchasing an additional 114,346 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Pioneer Bancorp by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 130,945 shares of the company’s stock worth $1,311,000 after buying an additional 15,667 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Pioneer Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 50,791 shares of the company’s stock worth $498,000 after buying an additional 3,817 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Pioneer Bancorp by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 33,172 shares of the company’s stock worth $332,000 after buying an additional 1,171 shares during the last quarter.

Pioneer Bancorp Company Profile

Pioneer Bancorp, Inc operates as a holding company for Pioneer Savings Bank that provides various banking products and services in New York. The company accepts various deposit products, such as demand, savings, and money market accounts, as well as certificates of deposit accounts. Its loan products include commercial real estate, commercial and industrial, commercial construction, residential mortgage lending, consumer loans, and home equity lines of credit.