Pioneer Bancorp, Inc. (NASDAQ:PBFS) Short Interest Down 16.7% in February

Pioneer Bancorp, Inc. (NASDAQ:PBFS) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 30,900 shares, a decline of 16.7% from the February 13th total of 37,100 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 22,900 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Pioneer Bancorp

Several hedge funds have recently made changes to their positions in PBFS. Alliancebernstein L.P. increased its holdings in Pioneer Bancorp by 120.0% in the 4th quarter. Alliancebernstein L.P. now owns 374,307 shares of the company’s stock worth $4,312,000 after acquiring an additional 204,177 shares during the last quarter. Geode Capital Management LLC boosted its position in Pioneer Bancorp by 12.5% during the third quarter. Geode Capital Management LLC now owns 250,178 shares of the company’s stock worth $2,745,000 after purchasing an additional 27,786 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Pioneer Bancorp by 11.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 182,952 shares of the company’s stock worth $2,107,000 after purchasing an additional 18,495 shares in the last quarter. State Street Corp increased its stake in shares of Pioneer Bancorp by 1.0% in the third quarter. State Street Corp now owns 177,006 shares of the company’s stock worth $1,942,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in shares of Pioneer Bancorp by 1.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 158,364 shares of the company’s stock valued at $1,824,000 after purchasing an additional 2,779 shares during the period.

Pioneer Bancorp Stock Down 1.8 %

PBFS traded down $0.21 during trading on Tuesday, hitting $11.77. 4,565 shares of the company traded hands, compared to its average volume of 25,439. Pioneer Bancorp has a one year low of $8.76 and a one year high of $12.20. The stock’s fifty day moving average is $11.60 and its 200 day moving average is $11.41. The firm has a market cap of $304.23 million, a P/E ratio of 16.12 and a beta of 0.46.

Pioneer Bancorp (NASDAQ:PBFS) last released its earnings results on Thursday, January 30th. The company reported $0.13 earnings per share for the quarter. Pioneer Bancorp had a net margin of 16.26% and a return on equity of 6.16%.

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.