Pioneer Bancorp, Inc. (NASDAQ:PBFS) Short Interest Update

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

Pioneer Bancorp Price Performance

NASDAQ PBFS traded down $0.21 during trading on Friday, reaching $11.58. The company’s stock had a trading volume of 17,357 shares, compared to its average volume of 18,373. The firm has a fifty day moving average of $11.50 and a 200 day moving average of $11.20. Pioneer Bancorp has a one year low of $8.76 and a one year high of $12.00. The stock has a market capitalization of $300.73 million, a PE ratio of 15.86 and a beta of 0.49.

Pioneer Bancorp (NASDAQ:PBFS) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.13 EPS for the quarter. Pioneer Bancorp had a net margin of 16.59% and a return on equity of 6.19%.

Institutional Investors Weigh In On Pioneer Bancorp

A number of hedge funds have recently made changes to their positions in PBFS. Farther Finance Advisors LLC lifted 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 worth $66,000 after purchasing an additional 5,000 shares during the last quarter. JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 9,877 shares during the last quarter. Barclays PLC boosted its holdings in Pioneer Bancorp by 370.0% during the 3rd quarter. Barclays PLC now owns 18,757 shares of the company’s stock valued at $206,000 after acquiring an additional 14,766 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Pioneer Bancorp during the 4th quarter worth approximately $238,000. Finally, Charles Schwab Investment Management Inc. increased 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 worth $352,000 after purchasing an additional 2,806 shares during the period.

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.