Prudential Bancorp (NASDAQ:PBIP) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Prudential Bancorp (NASDAQ:PBIPGet Rating) in a research note issued on Friday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Separately, Zacks Investment Research upgraded shares of Prudential Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th.

Shares of NASDAQ PBIP traded up $0.01 during midday trading on Friday, reaching $16.01. 38,722 shares of the company traded hands, compared to its average volume of 45,901. The company has a market cap of $124.49 million, a price-to-earnings ratio of -228.71 and a beta of 0.07. The stock has a 50-day moving average price of $16.00 and a 200 day moving average price of $15.04. Prudential Bancorp has a 52 week low of $13.25 and a 52 week high of $17.43.

A number of institutional investors have recently modified their holdings of the business. Gardner Lewis Asset Management L P bought a new stake in Prudential Bancorp during the first quarter worth approximately $6,814,000. Chicago Capital Management LLC bought a new stake in shares of Prudential Bancorp during the 1st quarter worth $6,662,000. Dimensional Fund Advisors LP grew its holdings in shares of Prudential Bancorp by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 210,448 shares of the savings and loans company’s stock worth $3,464,000 after acquiring an additional 2,448 shares during the last quarter. Prelude Capital Management LLC acquired a new position in shares of Prudential Bancorp in the 1st quarter worth $2,259,000. Finally, M3F Inc. raised its position in shares of Prudential Bancorp by 20.7% during the third quarter. M3F Inc. now owns 122,305 shares of the savings and loans company’s stock worth $1,866,000 after purchasing an additional 20,974 shares during the period. Hedge funds and other institutional investors own 29.20% of the company’s stock.

Prudential Bancorp Company Profile (Get Rating)

Prudential Bancorp, Inc operates as the bank holding company for Prudential Bank that provides various banking products or services. The company accepts interest-bearing and non-interest-bearing checking, money market, savings, and certificates of deposit accounts. Its loan portfolio comprises single-family residential mortgage loans, construction and land development loans, non-residential or commercial real estate mortgage loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, such as loans secured by deposit accounts and unsecured personal loans.

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