Pioneer Bancorp, Inc. (NASDAQ:PBFS) Short Interest Up 19.0% in March

Pioneer Bancorp, Inc. (NASDAQ:PBFS) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 95,672 shares, a growth of 19.0% from the February 26th total of 80,377 shares. Based on an average trading volume of 12,560 shares, the short-interest ratio is currently 7.6 days. Currently, 0.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Pioneer Bancorp from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, March 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Pioneer Bancorp has an average rating of “Buy”.

Pioneer Bancorp Stock Performance

NASDAQ:PBFS traded up $0.09 during trading hours on Tuesday, reaching $13.92. 10,179 shares of the company’s stock were exchanged, compared to its average volume of 19,070. Pioneer Bancorp has a 1-year low of $10.60 and a 1-year high of $15.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $349.11 million, a price-to-earnings ratio of 17.40 and a beta of 0.45. The company has a 50-day moving average of $14.12 and a 200 day moving average of $13.66.

Pioneer Bancorp (NASDAQ:PBFS) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.15 EPS for the quarter. Pioneer Bancorp had a net margin of 16.02% and a return on equity of 6.43%. The company had revenue of $25.05 million for the quarter.

Hedge Funds Weigh In On Pioneer Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in Pioneer Bancorp by 83.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock valued at $29,000 after acquiring an additional 992 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in Pioneer Bancorp during the 2nd quarter worth approximately $32,000. CWM LLC grew its stake in shares of Pioneer Bancorp by 65.1% in the 3rd quarter. CWM LLC now owns 2,610 shares of the company’s stock valued at $34,000 after purchasing an additional 1,029 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Pioneer Bancorp by 160.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company’s stock valued at $42,000 after purchasing an additional 2,152 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Pioneer Bancorp by 238.8% in the third quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock valued at $53,000 after purchasing an additional 2,851 shares during the period.

Pioneer Bancorp Company Profile

Pioneer Bancorp, Inc is the bank holding company for Pioneer Bank, an FDIC-insured community bank headquartered in Islandia, New York. The company delivers a comprehensive suite of banking services to individuals, small businesses and nonprofit organizations across the Long Island region. Through its subsidiary, Pioneer Bank offers deposit accounts, consumer and commercial lending solutions, and cash management services tailored to local market needs.

The company’s retail offerings include checking and savings accounts, certificates of deposit and personal lending products, while commercial clients can access commercial real estate loans, business lines of credit, equipment financing and SBA-guaranteed loans.