Wall Street Zen Upgrades Pioneer Bancorp (NASDAQ:PBFS) to Hold

Pioneer Bancorp (NASDAQ:PBFS) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings downgraded shares of Pioneer Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Pioneer Bancorp Stock Performance

Shares of NASDAQ:PBFS opened at $18.03 on Friday. The firm has a market cap of $447.87 million, a P/E ratio of 33.39 and a beta of 0.43. Pioneer Bancorp has a 52-week low of $13.00 and a 52-week high of $19.91. The business’s 50 day simple moving average is $17.84 and its two-hundred day simple moving average is $15.93.

Pioneer Bancorp (NASDAQ:PBFS) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $28.32 million for the quarter.

Hedge Funds Weigh In On Pioneer Bancorp

A number of institutional investors have recently made changes to their positions in PBFS. M3F Inc. lifted its holdings in Pioneer Bancorp by 1.9% during the 1st quarter. M3F Inc. now owns 2,071,973 shares of the company’s stock worth $28,842,000 after buying an additional 38,119 shares in the last quarter. BlackRock Inc. bought a new position in Pioneer Bancorp during the 2nd quarter worth approximately $10,774,000. Dimensional Fund Advisors LP raised its stake in Pioneer Bancorp by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 217,592 shares of the company’s stock worth $3,029,000 after buying an additional 1,537 shares during the period. Empowered Funds LLC purchased a new stake in Pioneer Bancorp in the 2nd quarter valued at about $1,232,000. Finally, Bank of New York Mellon Corp purchased a new stake in Pioneer Bancorp during the second quarter valued at about $469,000.

Pioneer Bancorp Company Profile

Pioneer Bancorp, Inc is the holding company for Pioneer Bank, a community-focused financial institution headquartered in Albany, New York. Through its banking subsidiary, the company provides a range of financial services to individuals, families, businesses and municipalities.

Pioneer Bank offers deposit products, including checking, savings, money market and certificate accounts, along with residential mortgages, home equity financing, consumer loans, commercial real estate lending and commercial and industrial loans.