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

Pioneer Bancorp, Inc. (NASDAQ:PBFS) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 27,500 shares, a decline of 14.9% from the December 31st total of 32,300 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 26,600 shares, the short-interest ratio is presently 1.0 days.

Pioneer Bancorp Trading Down 2.2 %

PBFS stock traded down $0.25 during mid-day trading on Monday, hitting $11.33. The stock had a trading volume of 6,637 shares, compared to its average volume of 18,907. The stock has a market capitalization of $294.24 million, a price-to-earnings ratio of 15.52 and a beta of 0.49. The company has a fifty day moving average of $11.50 and a 200 day moving average of $11.21. Pioneer Bancorp has a 1-year low of $8.76 and a 1-year high of $12.00.

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

Institutional Investors Weigh In On Pioneer Bancorp

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in Pioneer Bancorp by 500.0% during 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. JPMorgan Chase & Co. raised its holdings 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 worth $166,000 after purchasing an additional 9,877 shares during the period. Barclays PLC raised its holdings in shares of Pioneer Bancorp by 370.0% in the 3rd quarter. Barclays PLC now owns 18,757 shares of the company’s stock worth $206,000 after purchasing an additional 14,766 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Pioneer Bancorp in the 4th quarter worth approximately $238,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Pioneer Bancorp by 9.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 32,057 shares of the company’s stock worth $352,000 after purchasing an additional 2,806 shares during the period.

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.