Pioneer Bancorp (NASDAQ:PBFS) Stock Price Down 1.6% – Here’s Why

Pioneer Bancorp, Inc. (NASDAQ:PBFS) dropped 1.6% on Monday . The company traded as low as $11.66 and last traded at $11.68. Approximately 11,171 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 24,538 shares. The stock had previously closed at $11.87.

Pioneer Bancorp Trading Down 1.6 %

The stock has a market capitalization of $303.33 million, a price-to-earnings ratio of 16.00 and a beta of 0.50. The stock’s 50 day moving average is $11.44 and its two-hundred day moving average is $10.95.

Pioneer Bancorp (NASDAQ:PBFS) last posted its quarterly earnings data on Wednesday, September 25th. The company reported $0.16 EPS for the quarter. Pioneer Bancorp had a net margin of 16.59% and a return on equity of 6.19%. The company had revenue of $20.89 million during the quarter.

Hedge Funds Weigh In On Pioneer Bancorp

A number of large investors have recently modified their holdings of PBFS. Farther Finance Advisors LLC lifted its stake in Pioneer Bancorp by 500.0% in the 3rd 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. Barclays PLC lifted its stake in Pioneer Bancorp by 370.0% in the 3rd quarter. Barclays PLC now owns 18,757 shares of the company’s stock valued at $206,000 after purchasing an additional 14,766 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Pioneer Bancorp by 9.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 32,057 shares of the company’s stock valued at $352,000 after purchasing an additional 2,806 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Pioneer Bancorp by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 33,172 shares of the company’s stock valued at $332,000 after purchasing an additional 1,171 shares during the last quarter. Finally, Empowered Funds LLC lifted its stake in Pioneer Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 57,385 shares of the company’s stock valued at $630,000 after purchasing an additional 2,814 shares during the last 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.