Pioneer Bancorp (NASDAQ:PBFS) Stock Price Down 0.3% – Time to Sell?

Pioneer Bancorp, Inc. (NASDAQ:PBFS) traded down 0.3% during trading on Wednesday . The stock traded as low as $14.52 and last traded at $14.52. 6,149 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 10,357 shares. The stock had previously closed at $14.56.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pioneer Bancorp in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Pioneer Bancorp Price Performance

The stock has a 50 day simple moving average of $13.90 and a two-hundred day simple moving average of $13.35. The company has a market cap of $364.18 million, a price-to-earnings ratio of 18.15 and a beta of 0.45.

Pioneer Bancorp (NASDAQ:PBFS) last issued its earnings results on Friday, January 30th. The company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $25.05 million during the quarter. Pioneer Bancorp had a return on equity of 6.38% and a net margin of 16.17%.

Insider Buying and Selling

In other Pioneer Bancorp news, EVP Jesse Tomczak sold 5,395 shares of Pioneer Bancorp stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $14.69, for a total transaction of $79,252.55. Following the transaction, the executive vice president directly owned 41,000 shares of the company’s stock, valued at $602,290. The trade was a 11.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is owned by company insiders.

Institutional Trading of Pioneer Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in Pioneer Bancorp by 83.3% in the third quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock valued at $29,000 after acquiring an additional 992 shares during the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in Pioneer Bancorp in the second quarter valued at $32,000. CWM LLC lifted its stake in shares of Pioneer Bancorp by 65.1% in the 3rd quarter. CWM LLC now owns 2,610 shares of the company’s stock valued at $34,000 after purchasing an additional 1,029 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Pioneer Bancorp by 160.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company’s stock worth $42,000 after purchasing an additional 2,152 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Pioneer Bancorp by 238.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock worth $53,000 after purchasing an additional 2,851 shares during the last quarter.

About Pioneer Bancorp

Pioneer Bancorp, Inc is the bank holding company for Pioneer Bank, an FDIC-insured community bank headquartered in Islandia, New York. The company delivers a comprehensive suite of banking services to individuals, small businesses and nonprofit organizations across the Long Island region. Through its subsidiary, Pioneer Bank offers deposit accounts, consumer and commercial lending solutions, and cash management services tailored to local market needs.

The company’s retail offerings include checking and savings accounts, certificates of deposit and personal lending products, while commercial clients can access commercial real estate loans, business lines of credit, equipment financing and SBA-guaranteed loans.