Pioneer Bancorp, Inc. (NASDAQ:PBFS) Sees Significant Decrease in Short Interest

Pioneer Bancorp, Inc. (NASDAQ:PBFS) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 24,200 shares, a drop of 22.2% from the May 15th total of 31,100 shares. Based on an average trading volume of 17,700 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.2% of the shares of the company are short sold.

Pioneer Bancorp Trading Down 2.6 %

Shares of NASDAQ:PBFS traded down $0.27 during midday trading on Friday, hitting $10.01. The company had a trading volume of 14,822 shares, compared to its average volume of 22,229. The company has a fifty day moving average of $9.45 and a two-hundred day moving average of $9.51. Pioneer Bancorp has a 12-month low of $7.81 and a 12-month high of $11.00.

Pioneer Bancorp (NASDAQ:PBFS) last posted its quarterly earnings data on Monday, May 13th. The company reported $0.19 EPS for the quarter. The firm had revenue of $21.57 million for the quarter. Pioneer Bancorp had a return on equity of 5.70% and a net margin of 15.90%.

Hedge Funds Weigh In On Pioneer Bancorp

A number of hedge funds have recently modified their holdings of the company. Fagan Associates Inc. purchased a new stake in shares of Pioneer Bancorp during the fourth quarter worth about $170,000. Brandywine Global Investment Management LLC boosted its stake in Pioneer Bancorp by 2.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 139,282 shares of the company’s stock worth $1,189,000 after purchasing an additional 2,800 shares during the period. BHZ Capital Management LP grew its holdings in Pioneer Bancorp by 34.9% during the 4th quarter. BHZ Capital Management LP now owns 119,326 shares of the company’s stock valued at $1,194,000 after buying an additional 30,901 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Pioneer Bancorp by 0.6% during the first quarter. Vanguard Group Inc. now owns 683,693 shares of the company’s stock valued at $6,707,000 after buying an additional 4,027 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Pioneer Bancorp by 8.1% in the first quarter. Empowered Funds LLC now owns 50,791 shares of the company’s stock worth $498,000 after buying an additional 3,817 shares in the last quarter.

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.