Bank of America Corp DE Purchases 2,950 Shares of Pioneer Bancorp, Inc. (NASDAQ:PBFS)

Bank of America Corp DE grew its position in Pioneer Bancorp, Inc. (NASDAQ:PBFS) by 25.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,564 shares of the company’s stock after acquiring an additional 2,950 shares during the quarter. Bank of America Corp DE owned about 0.06% of Pioneer Bancorp worth $168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp boosted its stake in shares of Pioneer Bancorp by 0.9% during the 4th quarter. Northern Trust Corp now owns 90,362 shares of the company’s stock worth $1,041,000 after purchasing an additional 850 shares during the period. Wells Fargo & Company MN lifted its stake in Pioneer Bancorp by 23.5% in the fourth quarter. Wells Fargo & Company MN now owns 7,836 shares of the company’s stock worth $90,000 after purchasing an additional 1,490 shares during the last quarter. Barclays PLC boosted its position in shares of Pioneer Bancorp by 12.0% during the fourth quarter. Barclays PLC now owns 21,001 shares of the company’s stock valued at $242,000 after buying an additional 2,244 shares during the period. Empowered Funds LLC boosted its position in shares of Pioneer Bancorp by 4.8% during the fourth quarter. Empowered Funds LLC now owns 60,164 shares of the company’s stock valued at $693,000 after buying an additional 2,779 shares during the period. Finally, Gator Capital Management LLC grew its stake in shares of Pioneer Bancorp by 30.5% during the fourth quarter. Gator Capital Management LLC now owns 49,683 shares of the company’s stock valued at $572,000 after buying an additional 11,622 shares during the last quarter.

Pioneer Bancorp Stock Performance

Shares of PBFS stock opened at $11.41 on Monday. The stock has a 50 day moving average price of $11.41 and a 200 day moving average price of $11.53. Pioneer Bancorp, Inc. has a 52-week low of $9.56 and a 52-week high of $12.20. The firm has a market capitalization of $294.98 million, a P/E ratio of 15.63 and a beta of 0.33.

Pioneer Bancorp (NASDAQ:PBFS) last released its earnings results on Friday, May 9th. The company reported $0.23 earnings per share for the quarter. The business had revenue of $22.81 million during the quarter. Pioneer Bancorp had a return on equity of 6.16% and a net margin of 16.26%.

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.