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.

Several hedge funds have recently modified their holdings of PBIP. O Shaughnessy Asset Management LLC bought a new position in shares of Prudential Bancorp during the first quarter worth about $31,000. BNP Paribas Arbitrage SA lifted its holdings in Prudential Bancorp by 542.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,869 shares of the savings and loans company’s stock worth $32,000 after acquiring an additional 1,578 shares during the last quarter. SG Americas Securities LLC bought a new position in Prudential Bancorp in the first quarter worth about $155,000. Bank of America Corp DE lifted its holdings in Prudential Bancorp by 30.7% in the fourth quarter. Bank of America Corp DE now owns 10,473 shares of the savings and loans company’s stock worth $185,000 after acquiring an additional 2,462 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Prudential Bancorp by 7.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 20,659 shares of the savings and loans company’s stock worth $391,000 after acquiring an additional 1,350 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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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