Prudential Bancorp Inc (NASDAQ:PBIP) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 62,400 shares, an increase of 39.0% from the May 30th total of 44,900 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 9,000 shares, the days-to-cover ratio is presently 6.9 days.
Prudential Bancorp stock traded down $0.30 during trading hours on Friday, hitting $18.00. 3,393 shares of the stock traded hands, compared to its average volume of 9,977. The firm’s 50 day moving average price is $17.76. The firm has a market capitalization of $160.58 million, a PE ratio of 17.31 and a beta of -0.01. Prudential Bancorp has a 1 year low of $13.92 and a 1 year high of $19.57.
Prudential Bancorp (NASDAQ:PBIP) last posted its quarterly earnings results on Friday, April 19th. The savings and loans company reported $0.26 earnings per share for the quarter. The business had revenue of $6.87 million for the quarter. Prudential Bancorp had a return on equity of 7.01% and a net margin of 21.85%.
The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.20 annualized dividend and a yield of 1.11%.
A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its stake in Prudential Bancorp by 542.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,869 shares of the savings and loans company’s stock valued at $32,000 after purchasing an additional 1,578 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Prudential Bancorp in the first quarter worth about $31,000. Geode Capital Management LLC boosted its stake in shares of Prudential Bancorp by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 155,669 shares of the savings and loans company’s stock worth $2,739,000 after buying an additional 2,361 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of 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 worth $185,000 after buying an additional 2,462 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Prudential Bancorp in the first quarter worth about $155,000. Institutional investors and hedge funds own 39.79% of the company’s stock.
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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