Flywheel Private Wealth LLC Acquires New Holdings in Pioneer Bancorp, Inc. $PBFS

Flywheel Private Wealth LLC bought a new stake in Pioneer Bancorp, Inc. (NASDAQ:PBFS) in the first quarter, Holdings Channel.com reports. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $557,000.

Several other large investors also recently added to or reduced their stakes in the business. Deutsche Bank AG increased its stake in shares of Pioneer Bancorp by 27.4% during the 4th quarter. Deutsche Bank AG now owns 9,359 shares of the company’s stock worth $126,000 after purchasing an additional 2,011 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Pioneer Bancorp by 83.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock valued at $29,000 after purchasing an additional 992 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Pioneer Bancorp by 238.8% in the third quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock worth $53,000 after purchasing an additional 2,851 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Pioneer Bancorp by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 217,166 shares of the company’s stock worth $2,836,000 after purchasing an additional 3,524 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Pioneer Bancorp by 160.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company’s stock worth $42,000 after buying an additional 2,152 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Pioneer Bancorp Stock Performance

PBFS opened at $17.10 on Monday. The firm has a market cap of $428.87 million, a P/E ratio of 25.91 and a beta of 0.42. The business has a 50 day moving average price of $15.16 and a 200 day moving average price of $14.38. Pioneer Bancorp, Inc. has a twelve month low of $11.40 and a twelve month high of $17.14.

Pioneer Bancorp (NASDAQ:PBFS) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.22 EPS for the quarter. Pioneer Bancorp had a return on equity of 5.02% and a net margin of 16.17%.The company had revenue of $24.61 million for the quarter.

Pioneer Bancorp Profile

Pioneer Bancorp, Inc is the bank holding company for Pioneer Bank, an FDIC-insured community bank headquartered in Islandia, New York. The company delivers a comprehensive suite of banking services to individuals, small businesses and nonprofit organizations across the Long Island region. Through its subsidiary, Pioneer Bank offers deposit accounts, consumer and commercial lending solutions, and cash management services tailored to local market needs.

The company’s retail offerings include checking and savings accounts, certificates of deposit and personal lending products, while commercial clients can access commercial real estate loans, business lines of credit, equipment financing and SBA-guaranteed loans.