Pioneer Bancorp, Inc. (NASDAQ:PBFS) Short Interest Update

Pioneer Bancorp, Inc. (NASDAQ:PBFS) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 42,200 shares, an increase of 36.6% from the February 28th total of 30,900 shares. Based on an average trading volume of 23,400 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Trading of Pioneer Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its holdings in Pioneer Bancorp by 23.5% during the fourth quarter. Wells Fargo & Company MN now owns 7,836 shares of the company’s stock worth $90,000 after buying an additional 1,490 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Pioneer Bancorp by 188.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,120 shares of the company’s stock worth $166,000 after acquiring an additional 9,877 shares during the last quarter. Bank of America Corp DE raised its position in shares of Pioneer Bancorp by 25.4% in the fourth quarter. Bank of America Corp DE now owns 14,564 shares of the company’s stock valued at $168,000 after purchasing an additional 2,950 shares during the period. Barclays PLC grew its stake in Pioneer Bancorp by 370.0% in the 3rd quarter. Barclays PLC now owns 18,757 shares of the company’s stock valued at $206,000 after buying an additional 14,766 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in Pioneer Bancorp in the 4th quarter valued at approximately $211,000.

Pioneer Bancorp Stock Down 1.3 %

Shares of PBFS opened at $11.56 on Wednesday. The business’s fifty day moving average is $11.76 and its 200 day moving average is $11.47. Pioneer Bancorp has a 12-month low of $8.76 and a 12-month high of $12.20. The stock has a market cap of $298.80 million, a P/E ratio of 15.84 and a beta of 0.46.

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

About Pioneer Bancorp

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.