Prudential Bancorp, Inc. (NASDAQ:PBIP) Brief Interest Update
Prudential Bancorp, Inc. (NASDAQ: PBIP – Get a rating) saw strong growth in short-term interest in the month of February. As of February 15, there were short interests totaling 54,800 shares, a growth of 39.1% from the total of 39,400 shares as of January 31. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 5,600 shares, the day-to-cover ratio is currently 9.8 days.
Several institutional investors and hedge funds have recently increased or reduced their stake in PBIP. Millennium Management LLC bought a new position in shares of Prudential Bancorp during the 2nd quarter at a value of $1,300,000. M3F Inc. increased its position in shares of Prudential Bancorp by 20.7% during the third quarter. M3F inc. now owns 122,305 shares of the savings and loan company valued at $1,866,000 after purchasing an additional 20,974 shares last quarter. BlackRock Inc. increased its position in shares of Prudential Bancorp by 166.8% during the third quarter. BlackRock Inc. now owns 25,576 shares of the savings and loan company valued at $390,000 after buying an additional 15,990 shares in the last quarter. Creative Planning bought a new position in shares of Prudential Bancorp during Q3 worth $153,000. Finally, Bridgeway Capital Management LLC increased its position in Prudential Bancorp shares by 30.6% during the second quarter. Bridgeway Capital Management LLC now owns 40,557 shares of the savings and loan company valued at $562,000 after buying an additional 9,500 shares last quarter. Hedge funds and other institutional investors own 20.05% of the company’s shares.
Prudential Bancorp stock traded down $0.05 at midday on Friday, hitting $16.99. The company’s shares had a trading volume of 37,513 shares, compared to an average volume of 46,872. Prudential Bancorp has a 12-month low of $13.25 and a 12-month high of $17.43. The company has a market capitalization of $132.00 million, a P/E ratio of 17.34 and a beta of -0.01. The company’s fifty-day moving average price is $14.27 and its two-hundred-day moving average price is $14.39.
Prudential Bancorp (NASDAQ:PBIP – Get a rating) last released its quarterly earnings data on Friday, January 28. The savings and loan company reported earnings per share of $0.24 for the quarter, beating consensus analyst estimates of $0.22 by $0.02. The company posted revenue of $6.30 million in the quarter, compared to $6.77 million expected by analysts. Equity analysts expect Prudential Bancorp to post EPS of 0.82 for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 21. Investors of record on Monday, March 7 will receive a dividend of $0.07. The ex-dividend date is Friday, March 4. This represents a dividend of $0.28 on an annualized basis and a yield of 1.65%. Prudential Bancorp’s dividend payout ratio is 28.57%.
Separately, Zacks Investment Research moved shares of Prudential Bancorp from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 8.
About Prudential Bancorp (Get a rating)
Prudential Bancorp, Inc is a bank holding company for Prudential Savings Bank, which provides financial services. It accepts deposits from the public, generates loans and invests in securities. The company was founded in 2004 and is based in Philadelphia, PA.
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