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

Pioneer Bancorp, Inc. (NASDAQ:PBFS) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 30,900 shares, a decrease of 17.2% from the March 31st total of 37,300 shares. Based on an average daily trading volume, of 14,100 shares, the short-interest ratio is currently 2.2 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Pioneer Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Panagora Asset Management Inc. grew its stake in shares of Pioneer Bancorp by 12.6% during the third quarter. Panagora Asset Management Inc. now owns 12,110 shares of the company’s stock worth $103,000 after acquiring an additional 1,354 shares during the last quarter. Fagan Associates Inc. acquired a new stake in Pioneer Bancorp in the 4th quarter worth approximately $170,000. BHZ Capital Management LP grew its position in Pioneer Bancorp by 34.9% during the 4th 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 during the last quarter. Finally, Brandywine Global Investment Management LLC increased its stake in Pioneer Bancorp by 2.1% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 139,282 shares of the company’s stock valued at $1,189,000 after purchasing an additional 2,800 shares in the last quarter.

Pioneer Bancorp Price Performance

PBFS stock traded down $0.11 during trading on Monday, reaching $8.89. 15,393 shares of the company traded hands, compared to its average volume of 13,877. The business has a 50 day simple moving average of $9.28 and a 200 day simple moving average of $9.19. Pioneer Bancorp has a 12 month low of $7.81 and a 12 month high of $11.00.

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

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.