Pioneer Bancorp (NASDAQ:PBFS) Posts Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) announced its quarterly earnings data on Wednesday. The company reported $0.16 EPS for the quarter, reports. The business had revenue of $20.89 million during the quarter. Pioneer Bancorp had a net margin of 15.90% and a return on equity of 5.70%.

Pioneer Bancorp Stock Down 0.6 %

Shares of PBFS opened at $11.00 on Friday. The company has a 50-day simple moving average of $10.92 and a 200-day simple moving average of $10.10. Pioneer Bancorp has a 52 week low of $7.81 and a 52 week high of $11.40.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its position in Pioneer Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 50,791 shares of the company’s stock worth $498,000 after purchasing an additional 3,817 shares in the last quarter. Vanguard Group Inc. raised its position in Pioneer Bancorp by 0.6% in the first quarter. Vanguard Group Inc. now owns 683,693 shares of the company’s stock worth $6,707,000 after purchasing an additional 4,027 shares in the last quarter. BHZ Capital Management LP raised its position in Pioneer Bancorp by 34.9% in the fourth quarter. BHZ Capital Management LP now owns 119,326 shares of the company’s stock worth $1,194,000 after purchasing an additional 30,901 shares in the last quarter. Bank of New York Mellon Corp raised its position in Pioneer Bancorp by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 33,172 shares of the company’s stock worth $332,000 after purchasing an additional 1,171 shares in the last quarter. Finally, First Pacific Advisors LP raised its position in Pioneer Bancorp by 217.3% in the second quarter. First Pacific Advisors LP now owns 166,974 shares of the company’s stock worth $1,671,000 after purchasing an additional 114,346 shares in the last quarter.

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.