Pioneer Bancorp (NASDAQ:PBFS) Stock Price Down 1.6% – Here’s Why

Pioneer Bancorp, Inc. (NASDAQ:PBFS)’s share price was down 1.6% during trading on Monday . The stock traded as low as $11.66 and last traded at $11.68. Approximately 11,171 shares changed hands during trading, a decline of 54% from the average daily volume of 24,538 shares. The stock had previously closed at $11.87.

Pioneer Bancorp Stock Performance

The firm’s 50-day simple moving average is $11.44 and its 200 day simple moving average is $10.95. The company has a market cap of $303.33 million, a P/E ratio of 16.00 and a beta of 0.50.

Pioneer Bancorp (NASDAQ:PBFS) last issued its earnings results on Wednesday, September 25th. The company reported $0.16 EPS for the quarter. The company had revenue of $20.89 million during the quarter. Pioneer Bancorp had a net margin of 16.59% and a return on equity of 6.19%.

Institutional Trading of Pioneer Bancorp

A number of large investors have recently made changes to their positions in PBFS. First Pacific Advisors LP increased its position in shares of Pioneer Bancorp by 217.3% in the 2nd quarter. First Pacific Advisors LP now owns 166,974 shares of the company’s stock valued at $1,671,000 after buying an additional 114,346 shares in the last quarter. Geode Capital Management LLC boosted its stake in Pioneer Bancorp by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 250,178 shares of the company’s stock worth $2,745,000 after purchasing an additional 27,786 shares during the period. Dimensional Fund Advisors LP boosted its stake in Pioneer Bancorp by 13.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 130,945 shares of the company’s stock worth $1,311,000 after purchasing an additional 15,667 shares during the period. Barclays PLC boosted its stake in Pioneer Bancorp by 370.0% in the 3rd quarter. Barclays PLC now owns 18,757 shares of the company’s stock worth $206,000 after purchasing an additional 14,766 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in Pioneer Bancorp by 500.0% in the 3rd 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 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.