Pioneer Bancorp, Inc. (NASDAQ:PBFS) Sees Significant Decline in Short Interest

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

Pioneer Bancorp Stock Down 1.3 %

PBFS traded down $0.16 during trading hours on Thursday, hitting $11.77. The stock had a trading volume of 306 shares, compared to its average volume of 25,530. The stock has a market cap of $304.23 million, a PE ratio of 16.12 and a beta of 0.46. Pioneer Bancorp has a 1 year low of $8.76 and a 1 year high of $12.20. The company’s fifty day simple moving average is $11.64 and its 200 day simple moving average is $11.42.

Pioneer Bancorp (NASDAQ:PBFS) last posted 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%.

Institutional Investors Weigh In On Pioneer Bancorp

Several institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its position in shares of Pioneer Bancorp by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,836 shares of the company’s stock valued at $90,000 after purchasing an additional 1,490 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 9,877 shares during the period. Bank of America Corp DE grew its holdings in Pioneer Bancorp by 25.4% during the 4th quarter. Bank of America Corp DE now owns 14,564 shares of the company’s stock valued at $168,000 after buying an additional 2,950 shares in the last quarter. Barclays PLC increased its position in shares of Pioneer Bancorp by 370.0% during the third quarter. Barclays PLC now owns 18,757 shares of the company’s stock valued at $206,000 after buying an additional 14,766 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Pioneer Bancorp in the fourth quarter worth about $211,000.

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.