Short Interest in Pioneer Bancorp, Inc. (NASDAQ:PBFS) Increases By 34.9%

Pioneer Bancorp, Inc. (NASDAQ:PBFS) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 37,100 shares, an increase of 34.9% from the January 31st total of 27,500 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 22,600 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Pioneer Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in Pioneer Bancorp by 500.0% in the third quarter. Farther Finance Advisors LLC now owns 6,000 shares of the company’s stock valued at $66,000 after purchasing an additional 5,000 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Pioneer Bancorp by 23.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,836 shares of the company’s stock valued at $90,000 after buying an additional 1,490 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Pioneer Bancorp by 188.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,120 shares of the company’s stock valued at $166,000 after buying an additional 9,877 shares during the last quarter. Bank of America Corp DE grew its position in shares of Pioneer Bancorp by 25.4% in 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 during the last quarter. Finally, Barclays PLC raised its stake in Pioneer Bancorp by 370.0% during the 3rd quarter. Barclays PLC now owns 18,757 shares of the company’s stock worth $206,000 after acquiring an additional 14,766 shares in the last quarter.

Pioneer Bancorp Stock Down 1.0 %

Shares of Pioneer Bancorp stock opened at $11.74 on Thursday. Pioneer Bancorp has a 52-week low of $8.76 and a 52-week high of $12.15. The company has a 50 day moving average of $11.53 and a 200 day moving average of $11.36. The company has a market capitalization of $304.93 million, a P/E ratio of 16.08 and a beta of 0.46.

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

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.