Prudential Bancorp (NASDAQ:PBIP) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Prudential Bancorp (NASDAQ:PBIPGet Rating) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the savings and loans company’s stock.

Separately, TheStreet downgraded Prudential Bancorp from a “b” rating to a “c” rating in a research report on Tuesday, May 31st.

Shares of NASDAQ PBIP opened at $14.88 on Wednesday. The firm has a market cap of $115.71 million, a price-to-earnings ratio of -212.57 and a beta of 0.06. The stock has a fifty day simple moving average of $15.62 and a two-hundred day simple moving average of $15.16. Prudential Bancorp has a 1-year low of $13.25 and a 1-year high of $17.43.

Prudential Bancorp (NASDAQ:PBIPGet Rating) last issued its quarterly earnings data on Friday, April 29th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $5.98 million during the quarter, compared to analysts’ expectations of $6.47 million. On average, equities research analysts anticipate that Prudential Bancorp will post 0.82 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PBIP. BlackRock Inc. raised its position in Prudential Bancorp by 166.8% during the third quarter. BlackRock Inc. now owns 25,576 shares of the savings and loans company’s stock valued at $390,000 after purchasing an additional 15,990 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Prudential Bancorp by 2.6% during the third quarter. Geode Capital Management LLC now owns 116,571 shares of the savings and loans company’s stock valued at $1,778,000 after buying an additional 3,001 shares during the last quarter. BHZ Capital Management LP bought a new position in shares of Prudential Bancorp during the first quarter valued at about $275,000. Chicago Capital Management LLC bought a new position in shares of Prudential Bancorp during the first quarter valued at about $6,662,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Prudential Bancorp during the first quarter valued at about $741,000. Institutional investors and hedge funds own 29.20% of the company’s stock.

Prudential Bancorp Company Profile (Get Rating)

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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