Pioneer Bancorp (NASDAQ:PBFS) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Pioneer Bancorp (NASDAQ:PBFS) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings cut Pioneer Bancorp from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Pioneer Bancorp presently has a consensus rating of “Buy”.

Pioneer Bancorp Trading Down 0.4%

PBFS opened at $17.29 on Friday. Pioneer Bancorp has a 1-year low of $12.64 and a 1-year high of $19.42. The company has a market capitalization of $429.48 million, a PE ratio of 32.02 and a beta of 0.40. The firm’s 50 day simple moving average is $17.20 and its two-hundred day simple moving average is $15.50.

Pioneer Bancorp (NASDAQ:PBFS) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.14 earnings per share for the quarter. The business had revenue of $28.32 million for the quarter.

Hedge Funds Weigh In On Pioneer Bancorp

Several large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its stake in shares of Pioneer Bancorp by 83.3% in the third quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock worth $29,000 after acquiring an additional 992 shares during the period. California State Teachers Retirement System raised its stake in Pioneer Bancorp by 318.8% during the 2nd quarter. California State Teachers Retirement System now owns 2,492 shares of the company’s stock valued at $43,000 after purchasing an additional 1,897 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Pioneer Bancorp by 160.5% in 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 in the last quarter. Russell Investments Group Ltd. lifted its holdings in Pioneer Bancorp by 238.8% in 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 in the last quarter. Finally, Strs Ohio bought a new position in Pioneer Bancorp in the 1st quarter worth approximately $60,000.

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.