M3F Inc. Has $28.84 Million Stock Holdings in Pioneer Bancorp, Inc. $PBFS

by · The Markets Daily

M3F Inc. raised its holdings in Pioneer Bancorp, Inc. (NASDAQ:PBFS – Free Report) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,071,973 shares of the company’s stock after buying an additional 38,119 shares during the quarter. Pioneer Bancorp accounts for 7.1% of M3F Inc.’s investment portfolio, making the stock its 4th largest holding. M3F Inc. owned about 0.08% of Pioneer Bancorp worth $28,842,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PBFS. BNP Paribas Financial Markets grew its position in shares of Pioneer Bancorp by 83.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,183 shares of the company’s stock worth $29,000 after buying an additional 992 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Pioneer Bancorp by 160.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,493 shares of the company’s stock valued at $42,000 after acquiring an additional 2,152 shares during the period. Russell Investments Group Ltd. boosted its stake in Pioneer Bancorp by 238.8% during the third quarter. Russell Investments Group Ltd. now owns 4,045 shares of the company’s stock worth $53,000 after acquiring an additional 2,851 shares in the last quarter. Strs Ohio bought a new position in Pioneer Bancorp during the first quarter worth $60,000. Finally, Deutsche Bank AG grew its holdings in Pioneer Bancorp by 27.4% in the fourth quarter. Deutsche Bank AG now owns 9,359 shares of the company’s stock worth $126,000 after purchasing an additional 2,011 shares during the period.

Pioneer Bancorp Stock Performance

Shares of NASDAQ:PBFS opened at $17.29 on Monday. Pioneer Bancorp, Inc. has a 52-week low of $11.90 and a 52-week high of $19.42. The business’s 50 day simple moving average is $15.72 and its two-hundred day simple moving average is $14.61. The firm has a market cap of $433.63 million, a P/E ratio of 26.20 and a beta of 0.40.

Pioneer Bancorp (NASDAQ:PBFS – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported $0.22 EPS for the quarter. The firm had revenue of $24.61 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Pioneer Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Get Our Latest Report on Pioneer Bancorp

Pioneer Bancorp Profile

(Free Report)

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.

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