Pioneer Bancorp (NASDAQ:PBFS) Releases Quarterly Earnings Results

Pioneer Bancorp (NASDAQ:PBFS) posted its earnings results on Friday. The company reported $0.18 earnings per share (EPS) for the quarter, FiscalAI reports. Pioneer Bancorp had a net margin of 18.33% and a return on equity of 7.07%. The company had revenue of $24.02 million during the quarter.

Pioneer Bancorp Stock Up 1.4%

Shares of Pioneer Bancorp stock traded up $0.19 during trading on Friday, reaching $13.34. 11,143 shares of the company were exchanged, compared to its average volume of 21,460. The business has a 50-day moving average price of $13.17 and a 200-day moving average price of $12.39. Pioneer Bancorp has a twelve month low of $10.60 and a twelve month high of $13.65. The firm has a market capitalization of $337.50 million, a price-to-earnings ratio of 15.33 and a beta of 0.49.

Hedge Funds Weigh In On Pioneer Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nuveen LLC bought a new position in Pioneer Bancorp during the 1st quarter worth about $158,000. Martingale Asset Management L P boosted its position in Pioneer Bancorp by 2.9% during the 1st quarter. Martingale Asset Management L P now owns 31,649 shares of the company’s stock worth $371,000 after acquiring an additional 905 shares during the last quarter. MetLife Investment Management LLC bought a new position in shares of Pioneer Bancorp during the 1st quarter worth approximately $81,000. AQR Capital Management LLC acquired a new stake in shares of Pioneer Bancorp in the first quarter valued at approximately $156,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Pioneer Bancorp by 12.3% in the first quarter. Goldman Sachs Group Inc. now owns 39,583 shares of the company’s stock valued at $464,000 after purchasing an additional 4,334 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Pioneer Bancorp in a report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

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.