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

Pioneer Bancorp, Inc. (NASDAQ:PBFS) was the target of a significant drop in short interest during 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 trading volume of 26,600 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the company’s shares are short sold.

Pioneer Bancorp Stock Down 2.2 %

Shares of PBFS traded down $0.25 during trading on Monday, reaching $11.33. 6,637 shares of the company traded hands, compared to its average volume of 18,907. The stock has a market cap of $294.24 million, a PE ratio of 15.52 and a beta of 0.49. The stock has a 50-day simple moving average of $11.50 and a 200-day simple moving average of $11.21. Pioneer Bancorp has a twelve month low of $8.76 and a twelve month high of $12.00.

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

Hedge Funds Weigh In On Pioneer Bancorp

Several institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in Pioneer Bancorp in the 4th quarter valued at about $238,000. Empowered Funds LLC increased its position in Pioneer Bancorp by 4.8% during the 4th quarter. Empowered Funds LLC now owns 60,164 shares of the company’s stock worth $693,000 after purchasing an additional 2,779 shares in the last quarter. JPMorgan Chase & Co. increased its position in Pioneer Bancorp by 188.4% during 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 in the last quarter. Barclays PLC grew its position in Pioneer Bancorp by 370.0% in the third quarter. Barclays PLC now owns 18,757 shares of the company’s stock valued at $206,000 after acquiring an additional 14,766 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Pioneer Bancorp by 12.5% in the third quarter. Geode Capital Management LLC now owns 250,178 shares of the company’s stock valued at $2,745,000 after acquiring an additional 27,786 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.