Prudential Bancorp, Inc. (NASDAQ:PBIP) Stock Holdings Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in shares of Prudential Bancorp, Inc. (NASDAQ:PBIP) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 213,115 shares of the savings and loans company’s stock after selling 5,780 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Prudential Bancorp were worth $2,952,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. raised its stake in Prudential Bancorp by 7.1% during the 4th quarter. BlackRock Inc. now owns 442,288 shares of the savings and loans company’s stock valued at $6,126,000 after purchasing an additional 29,244 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Prudential Bancorp by 223.6% during the 4th quarter. JPMorgan Chase & Co. now owns 24,733 shares of the savings and loans company’s stock valued at $342,000 after acquiring an additional 17,090 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Prudential Bancorp by 13.6% during the 4th quarter. Rhumbline Advisers now owns 13,948 shares of the savings and loans company’s stock valued at $193,000 after acquiring an additional 1,666 shares in the last quarter. 36.82% of the stock is currently owned by institutional investors.

Separately, Piper Sandler started coverage on shares of Prudential Bancorp in a report on Wednesday, May 26th. They issued a “neutral” rating and a $15.00 price objective for the company.

Shares of NASDAQ:PBIP opened at $13.85 on Friday. The company has a market capitalization of $108.85 million, a PE ratio of 14.58 and a beta of 0.07. Prudential Bancorp, Inc. has a 1 year low of $9.53 and a 1 year high of $15.86. The stock has a fifty day simple moving average of $13.96.

Prudential Bancorp (NASDAQ:PBIP) last released its quarterly earnings results on Friday, April 23rd. The savings and loans company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $6.30 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 21st. Stockholders of record on Monday, June 7th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, June 4th.

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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Institutional Ownership by Quarter for Prudential Bancorp (NASDAQ:PBIP)

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