Pioneer Bancorp, Inc. (NASDAQ:PBFS – Get Free Report) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 37,300 shares, a drop of 16.7% from the March 15th total of 44,800 shares. Based on an average daily trading volume, of 13,500 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.3% of the company’s stock are short sold.
Institutional Investors Weigh In On Pioneer Bancorp
A number of large investors have recently made changes to their positions in PBFS. Charles Schwab Investment Management Inc. grew its holdings in shares of Pioneer Bancorp by 36.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,726 shares of the company’s stock valued at $355,000 after buying an additional 8,932 shares during the last quarter. State Street Corp grew its holdings in shares of Pioneer Bancorp by 3.8% during the first quarter. State Street Corp now owns 201,728 shares of the company’s stock valued at $2,122,000 after buying an additional 7,382 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of Pioneer Bancorp during the second quarter valued at $174,000. Dimensional Fund Advisors LP grew its holdings in shares of Pioneer Bancorp by 32.3% during the third quarter. Dimensional Fund Advisors LP now owns 22,692 shares of the company’s stock valued at $216,000 after buying an additional 5,540 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Pioneer Bancorp by 13.9% during the third quarter. Bank of New York Mellon Corp now owns 37,849 shares of the company’s stock valued at $360,000 after buying an additional 4,615 shares during the last quarter.
Pioneer Bancorp Stock Down 0.9 %
NASDAQ PBFS opened at $9.01 on Friday. The firm’s fifty day simple moving average is $9.38 and its two-hundred day simple moving average is $9.16. Pioneer Bancorp has a 12-month low of $7.81 and a 12-month high of $11.00.
Wall Street Analyst Weigh In
Separately, TheStreet raised shares of Pioneer Bancorp from a “c+” rating to a “b” rating in a report on Tuesday, December 26th.
Check Out Our Latest Report on Pioneer Bancorp
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.
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