Prudential Bancorp, Inc. (NASDAQ:PBIP) Brief Interest Update

Prudential Bancorp, Inc. (NASDAQ:PBIP – Get Rating) benefited from significant growth in short-term interest rates in April. As of April 30, there were short interests totaling 47,800 shares, a growth of 23.2% from the total of 38,800 shares as of April 15. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 64,600 shares, the day-to-cover ratio is currently 0.7 days.

Separately, Zacks Investment Research upgraded shares of Prudential Bancorp from a “sell” rating to a “hold” rating in a Wednesday, April 6 report.

NASDAQ PBIP shares opened at $15.51 on Wednesday. The company has a fifty-day moving average price of $16.21 and a 200-day moving average price of $15.00. The stock has a market capitalization of $120.50 million, a PE ratio of -218.57 and a beta of 0.07. Prudential Bancorp has a 1-year low of $13.25 and a 1-year high of $17.43.

Hedge funds have recently increased or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Prudential Bancorp by 2.6% in the third quarter. Geode Capital Management LLC now owns 116,571 shares of the savings and loan company valued at $1,778,000 after buying 3,001 additional shares last quarter. Advisor Group Holdings Inc. bought a new position in Prudential Bancorp during the third quarter worth approximately $46,000. BlackRock Inc. increased its position in Prudential Bancorp by 166.8% during the third quarter. BlackRock Inc. now owns 25,576 shares of the savings and loan company worth $390,000 after purchasing an additional 15,990 shares in the last quarter. M3F inc. increased its equity stake in 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 acquiring 20,974 additional shares in the last quarter. Finally, Creative Planning acquired a new position in shares of Prudential Bancorp during the third quarter valued at approximately $153,000. Institutional investors and hedge funds hold 29.20% of the company’s shares.

(A d)

These growth stocks could now present significant value given current market conditions.

Sophisticated investors would be wise to review these 3 stocks for potential investment opportunities.

About Prudential Bancorp (Get an evaluation)

Prudential Bancorp, Inc operates as a bank holding company for Prudential Bank which provides various banking products or services. The company accepts interest-bearing and non-interest-bearing checks, money market, savings, and certificates of deposit accounts. Its loan portfolio includes single-family residential mortgages, construction and land development loans, non-residential or commercial real estate mortgages, 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.

Read more

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Prudential Bancorp right now?

Before you consider Prudential Bancorp, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Prudential Bancorp was not on the list.

While Prudential Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.