Prudential Bancorp Inc (NASDAQ:PBIP) Short Interest Down 9.1% in November

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Prudential Bancorp Inc (NASDAQ:PBIP) saw a large decline in short interest during the month of November. As of November 29th, there was short interest totalling 38,100 shares, a decline of 9.1% from the November 14th total of 41,900 shares. Based on an average daily trading volume, of 5,800 shares, the short-interest ratio is currently 6.6 days. Currently, 0.5% of the company’s stock are short sold.

A number of hedge funds have recently modified their holdings of the stock. Rhumbline Advisers increased its position in Prudential Bancorp by 8.8% in the 3rd quarter. Rhumbline Advisers now owns 13,187 shares of the savings and loans company’s stock valued at $224,000 after acquiring an additional 1,062 shares during the period. Maltese Capital Management LLC increased its position in Prudential Bancorp by 22.4% in the 2nd quarter. Maltese Capital Management LLC now owns 116,267 shares of the savings and loans company’s stock valued at $2,200,000 after acquiring an additional 21,267 shares during the period. Northern Trust Corp increased its position in Prudential Bancorp by 3.7% in the 2nd quarter. Northern Trust Corp now owns 98,457 shares of the savings and loans company’s stock valued at $1,863,000 after acquiring an additional 3,549 shares during the period. Renaissance Technologies LLC increased its position in Prudential Bancorp by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 437,790 shares of the savings and loans company’s stock valued at $8,283,000 after acquiring an additional 7,400 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Prudential Bancorp by 11.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 33,589 shares of the savings and loans company’s stock valued at $636,000 after acquiring an additional 3,393 shares during the period. Hedge funds and other institutional investors own 41.05% of the company’s stock.

Shares of PBIP remained flat at $$18.50 during midday trading on Friday. The stock had a trading volume of 9,109 shares, compared to its average volume of 5,414. The firm has a fifty day simple moving average of $17.82 and a 200-day simple moving average of $17.40. Prudential Bancorp has a twelve month low of $13.92 and a twelve month high of $19.57. The stock has a market cap of $163.82 million, a P/E ratio of 17.39 and a beta of 0.05.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.51%. This is a boost from Prudential Bancorp’s previous quarterly dividend of $0.05.

About Prudential Bancorp

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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