Pioneer Bancorp, Inc. (NASDAQ:PBFS) Short Interest Down 16.7% in February

Pioneer Bancorp, Inc. (NASDAQ:PBFS) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 30,900 shares, a decrease of 16.7% from the February 13th total of 37,100 shares. Based on an average daily volume of 22,900 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the shares of the stock are sold short.

Pioneer Bancorp Stock Performance

Shares of NASDAQ PBFS traded up $0.07 during mid-day trading on Wednesday, reaching $11.93. The company had a trading volume of 18,945 shares, compared to its average volume of 25,550. Pioneer Bancorp has a one year low of $8.76 and a one year high of $12.20. The business’s 50-day simple moving average is $11.62 and its 200 day simple moving average is $11.42. The firm has a market cap of $308.37 million, a price-to-earnings ratio of 16.34 and a beta of 0.46.

Pioneer Bancorp (NASDAQ:PBFS) last released its earnings results on Thursday, January 30th. The company reported $0.13 EPS for the quarter. Pioneer Bancorp had a net margin of 16.26% and a return on equity of 6.16%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its holdings in shares of Pioneer Bancorp by 23.5% in the 4th quarter. Wells Fargo & Company MN now owns 7,836 shares of the company’s stock valued at $90,000 after purchasing an additional 1,490 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Pioneer Bancorp by 188.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,120 shares of the company’s stock worth $166,000 after buying an additional 9,877 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Pioneer Bancorp by 25.4% during the 4th quarter. Bank of America Corp DE now owns 14,564 shares of the company’s stock worth $168,000 after buying an additional 2,950 shares during the last quarter. Barclays PLC boosted its stake in Pioneer Bancorp by 370.0% in the third quarter. Barclays PLC now owns 18,757 shares of the company’s stock valued at $206,000 after buying an additional 14,766 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in Pioneer Bancorp in the fourth quarter valued at about $211,000.

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.