Bank of New York Mellon Corp Purchases Shares of 25,364 Prudential Bancorp, Inc. (PBIP)
Bank of New York Mellon Corp purchased a new position in shares of Prudential Bancorp, Inc. (NASDAQ:PBIP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 25,364 shares of the savings and loans company’s stock, valued at approximately $460,000. Bank of New York Mellon Corp owned 0.30% of Prudential Bancorp at the end of the most recent quarter.
Separately, Schwab Charles Investment Management Inc. bought a new stake in Prudential Bancorp during the second quarter worth $235,000. 36.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Prudential Bancorp, Inc. (NASDAQ PBIP) opened at 18.25 on Wednesday. Prudential Bancorp, Inc. has a 52-week low of $14.59 and a 52-week high of $18.96. The firm has a 50-day moving average price of $18.25 and a 200-day moving average price of $18.03. The stock has a market capitalization of $164.38 million, a P/E ratio of 91.71 and a beta of -0.04.
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Separately, TheStreet upgraded Prudential Bancorp from a “c” rating to a “b” rating in a report on Monday, August 28th.
Prudential Bancorp Profile
Prudential Bancorp, Inc of Pennsylvania is a mid-tier holding company for Prudential Savings Bank (the Bank). The Bank is a wholly owned subsidiary of the Company. Prudential Mutual Holding Company, a Pennsylvania corporation, is the mutual holding company parent of the Company. As of September 30, 2012, Prudential Mutual Holding Company owns 74.6% of the Company.
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