Pioneer Bancorp, Inc. (NASDAQ:PBFS) Short Interest Down 16.7% in February

Pioneer Bancorp, Inc. (NASDAQ:PBFS) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 30,900 shares, a drop of 16.7% from the February 13th total of 37,100 shares. Based on an average daily trading volume, of 22,900 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the company’s stock are short sold.

Pioneer Bancorp Price Performance

Shares of NASDAQ:PBFS traded down $0.21 during midday trading on Tuesday, hitting $11.77. 4,565 shares of the company’s stock were exchanged, compared to its average volume of 25,439. Pioneer Bancorp has a 12 month low of $8.76 and a 12 month high of $12.20. The company has a market cap of $304.23 million, a PE ratio of 16.12 and a beta of 0.46. The stock has a 50 day moving average price of $11.60 and a 200-day moving average price of $11.41.

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

Hedge Funds Weigh In On Pioneer Bancorp

A number of hedge funds have recently bought and sold shares of PBFS. Millennium Management LLC lifted its position in shares of Pioneer Bancorp by 38.9% during the fourth quarter. Millennium Management LLC now owns 34,367 shares of the company’s stock valued at $396,000 after purchasing an additional 9,624 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Pioneer Bancorp by 1.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 158,364 shares of the company’s stock valued at $1,824,000 after buying an additional 2,779 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Pioneer Bancorp by 25.4% during the 4th quarter. Bank of America Corp DE now owns 14,564 shares of the company’s stock worth $168,000 after buying an additional 2,950 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Pioneer Bancorp in the 4th quarter worth approximately $211,000. Finally, Northern Trust Corp grew its holdings in shares of Pioneer Bancorp by 0.9% in the fourth quarter. Northern Trust Corp now owns 90,362 shares of the company’s stock valued at $1,041,000 after acquiring an additional 850 shares in 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.