Short Interest in Prudential Bancorp Inc (NASDAQ:PBIP) Grows By 5.8%
Prudential Bancorp Inc (NASDAQ:PBIP) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 58,300 shares, a growth of 5.8% from the June 30th total of 55,100 shares. Based on an average daily volume of 8,400 shares, the short-interest ratio is presently 6.9 days. Currently, 0.8% of the company’s stock are sold short.
Shares of PBIP stock traded up $0.11 during trading hours on Thursday, hitting $16.15. 4,200 shares of the company were exchanged, compared to its average volume of 7,224. Prudential Bancorp has a one year low of $13.92 and a one year high of $19.57. The business’s 50-day simple moving average is $17.85 and its two-hundred day simple moving average is $17.67. The stock has a market capitalization of $148.18 million, a price-to-earnings ratio of 16.03 and a beta of -0.01.
Prudential Bancorp (NASDAQ:PBIP) last issued its quarterly earnings results on Friday, July 19th. The savings and loans company reported $0.29 EPS for the quarter. Prudential Bancorp had a net margin of 21.04% and a return on equity of 7.16%. The business had revenue of $7.40 million for the quarter.
Prudential Bancorp Company Profile
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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