Prudential Bancorp Inc (NASDAQ:PBIP) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 62,400 shares, a growth of 39.0% from the May 30th total of 44,900 shares. Based on an average trading volume of 9,000 shares, the days-to-cover ratio is presently 6.9 days. Approximately 0.8% of the shares of the stock are sold short.

Hedge funds have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC acquired a new position in Prudential Bancorp in the first quarter valued at $31,000. BNP Paribas Arbitrage SA lifted its holdings in Prudential Bancorp by 542.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,869 shares of the savings and loans company’s stock valued at $32,000 after buying an additional 1,578 shares during the period. SG Americas Securities LLC acquired a new position in Prudential Bancorp in the first quarter valued at $155,000. Bank of America Corp DE lifted its holdings in Prudential Bancorp by 30.7% in the fourth quarter. Bank of America Corp DE now owns 10,473 shares of the savings and loans company’s stock valued at $185,000 after buying an additional 2,462 shares during the period. Finally, Rhumbline Advisers acquired a new position in Prudential Bancorp in the fourth quarter valued at $214,000. Institutional investors and hedge funds own 39.79% of the company’s stock.

Shares of NASDAQ PBIP traded up $0.54 during midday trading on Friday, reaching $18.34. 7,218 shares of the company were exchanged, compared to its average volume of 6,291. The stock has a market capitalization of $163.61 million, a PE ratio of 17.63 and a beta of -0.01. The company’s 50-day moving average price is $17.85. Prudential Bancorp has a one year low of $13.92 and a one year high of $19.57.

Prudential Bancorp (NASDAQ:PBIP) last issued its quarterly earnings results on Friday, July 19th. The savings and loans company reported $0.29 EPS for the quarter. The company had revenue of $7.40 million for the quarter. Prudential Bancorp had a net margin of 21.04% and a return on equity of 7.16%.

Prudential Bancorp Company Profile

Prudential Bancorp, Inc operates as the bank holding company for Prudential Bank that provides various banking products or services. The company accepts interest-bearing and non-interest-bearing checking, money market, savings, and certificates of deposit accounts. Its loan portfolio comprises single-family residential mortgage loans, construction and land development loans, non-residential or commercial real estate mortgage loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, such as loans secured by deposit accounts and unsecured personal loans.

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