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

Pioneer Bancorp, Inc. (NASDAQ:PBFS) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 37,300 shares, a decline of 16.7% from the March 15th total of 44,800 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 13,500 shares, the days-to-cover ratio is presently 2.8 days.

Pioneer Bancorp Stock Down 0.9 %

NASDAQ:PBFS opened at $9.01 on Friday. The business’s 50-day moving average price is $9.38 and its two-hundred day moving average price is $9.15. Pioneer Bancorp has a twelve month low of $7.81 and a twelve month high of $11.00.

Pioneer Bancorp (NASDAQ:PBFS) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.13 earnings per share for the quarter. The company had revenue of $20.93 million for the quarter. Pioneer Bancorp had a return on equity of 6.34% and a net margin of 18.18%.

Analysts Set New Price Targets

Separately, TheStreet upgraded Pioneer Bancorp from a “c+” rating to a “b” rating in a research note on Tuesday, December 26th.

Hedge Funds Weigh In On Pioneer Bancorp

A number of large investors have recently modified their holdings of the company. Barclays PLC grew its position in shares of Pioneer Bancorp by 533.3% in the 4th quarter. Barclays PLC now owns 3,116 shares of the company’s stock worth $35,000 after buying an additional 2,624 shares during the last quarter. Citigroup Inc. grew its position in shares of Pioneer Bancorp by 410,300.0% in the 2nd quarter. Citigroup Inc. now owns 4,104 shares of the company’s stock worth $37,000 after buying an additional 4,103 shares during the last quarter. UBS Group AG grew its position in shares of Pioneer Bancorp by 631.8% in the 4th quarter. UBS Group AG now owns 3,659 shares of the company’s stock worth $42,000 after buying an additional 3,159 shares during the last quarter. Deutsche Bank AG grew its position in shares of Pioneer Bancorp by 44.1% in the 1st quarter. Deutsche Bank AG now owns 6,934 shares of the company’s stock worth $68,000 after buying an additional 2,122 shares during the last quarter. Finally, MetLife Investment Management LLC bought a new stake in shares of Pioneer Bancorp during the fourth quarter valued at approximately $71,000.

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.