Pioneer Bancorp, Inc. (NASDAQ:PBFS) Short Interest Up 36.6% in March

Pioneer Bancorp, Inc. (NASDAQ:PBFS) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 42,200 shares, an increase of 36.6% from the February 28th total of 30,900 shares. Based on an average daily volume of 23,400 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Trading of Pioneer Bancorp

Large investors have recently modified their holdings of the company. Alliancebernstein L.P. lifted its position in Pioneer Bancorp by 120.0% during the 4th quarter. Alliancebernstein L.P. now owns 374,307 shares of the company’s stock worth $4,312,000 after acquiring an additional 204,177 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Pioneer Bancorp by 81.5% during the 4th quarter. Renaissance Technologies LLC now owns 92,312 shares of the company’s stock worth $1,063,000 after purchasing an additional 41,450 shares during the last quarter. Martingale Asset Management L P bought a new stake in Pioneer Bancorp during the 4th quarter valued at approximately $354,000. Arrowstreet Capital Limited Partnership grew its holdings in Pioneer Bancorp by 156.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 48,239 shares of the company’s stock valued at $556,000 after buying an additional 29,464 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Pioneer Bancorp by 12.5% in the 3rd quarter. Geode Capital Management LLC now owns 250,178 shares of the company’s stock worth $2,745,000 after buying an additional 27,786 shares during the period.

Pioneer Bancorp Price Performance

Shares of PBFS stock traded down $0.15 on Tuesday, hitting $11.56. The company’s stock had a trading volume of 6,314 shares, compared to its average volume of 26,607. The stock has a market capitalization of $298.80 million, a price-to-earnings ratio of 15.84 and a beta of 0.46. Pioneer Bancorp has a fifty-two week low of $8.76 and a fifty-two week high of $12.20. The firm’s fifty day moving average price is $11.75 and its 200-day moving average price is $11.47.

Pioneer Bancorp (NASDAQ:PBFS) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.13 EPS for 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.