Prudential Bancorp, Inc. (NASDAQ:PBIP) Short Interest Drops 37.6% in February

Prudential Bancorp, Inc. (NASDAQ:PBIP – Get Rating) benefited from a sharp drop in short interest during the month of February. As of February 28, there was selling interest totaling 34,200 shares, down 37.6% from February 13’s total of 54,800 shares. Currently, 0.5% of the stock’s shares are sold short. Based on an average trading volume of 40,700 shares, the short-term interest rate ratio is currently 0.8 days.

Prudential Bancorp stock opened at $16.85 on Friday. Prudential Bancorp has a 12-month low of $13.25 and a 12-month high of $17.43. The company’s 50-day moving average is $14.57 and its two-hundred-day moving average is $14.47. The stock has a market capitalization of $130.91 million, a P/E ratio of 17.19 and a beta of -0.01.

Prudential Bancorp (NASDAQ:PBIP – Get Rating) last released its quarterly results on Friday, January 28. The savings and loan company reported EPS of $0.24 for the quarter, beating the consensus estimate of $0.22 by $0.02. The company posted revenue of $6.30 million in the quarter, versus a consensus estimate of $6.77 million. On average, equity research analysts expect Prudential Bancorp to post 0.82 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, March 21. Shareholders of record on Monday, March 7 will receive a dividend of $0.07. This represents an annualized dividend of $0.28 and a yield of 1.66%. The ex-dividend date is Friday, March 4. Prudential Bancorp’s dividend payout ratio (DPR) is currently 28.57%.

A number of institutional investors have recently changed their stake in the company. Advisor Group Holdings Inc. acquired a new stake in Prudential Bancorp during Q3 worth approximately $46,000. Morgan Stanley increased its stake in Prudential Bancorp by 8,147.3% during the second quarter. Morgan Stanley now owns 4,536 shares of the savings and loan company worth $64,000 after purchasing an additional 4,481 shares during the period. Beacon Capital Management Inc. acquired a new stake in Prudential Bancorp during Q3 worth approximately $79,000. Creative Planning acquired a new stake in Prudential Bancorp during Q3 worth approximately $153,000. Finally, BlackRock Inc. increased its stake in Prudential Bancorp by 4.5% during the 4th quarter. BlackRock Inc. now owns 26,735 shares of the savings and loan company worth $362,000 after purchasing an additional 1,159 shares during the period. Hedge funds and other institutional investors own 20.05% of the company’s shares.

Separately, Zacks Investment Research upgraded shares of Prudential Bancorp from a “hold” rating to a “strong sell” rating in a Tuesday, February 8 research note.

Prudential Bancorp Company Profile (Get an assessment)

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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