Research coverage of Prudential Bancorp (NASDAQ:PBIP) has begun on

Equity researchers at began to cover the shares of Prudential Bancorp (NASDAQ:PBIP – Get a rating) in a note released Sunday to investors. The brokerage has set a “hold” rating on the shares of the savings and loan company.

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

Prudential Bancorp is trading down 1.1%

Shares of PBIP opened at $15.13 on Friday. Prudential Bancorp has a 12-month low of $13.25 and a 12-month high of $17.43. The company’s 50-day moving average is $15.32 and its two-hundred-day moving average is $15.38. The company has a market capitalization of $117.65 million, a P/E ratio of -216.14 and a beta of 0.06.

Prudential Bancorp (NASDAQ:PBIP – Get a rating) last announced its results on Friday, April 29. The savings and loan company reported earnings per share (EPS) of $0.22 for the quarter, beating analysts’ consensus estimate of $0.20 by $0.02. The company posted revenue of $5.98 million for the quarter, versus a consensus estimate of $6.47 million. Analysts predict that Prudential Bancorp will post an EPS of 0.82 for the current year.

Institutional investors weigh in on Prudential Bancorp

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Gardner Lewis Asset Management LP bought a new stake in Prudential Bancorp in Q1 worth $6,814,000. Chicago Capital Management LLC purchased a new equity stake in Prudential Bancorp in Q1 for approximately $6,662,000. Dimensional Fund Advisors LP increased its holdings of Prudential Bancorp shares by 1.2% in Q1. Dimensional Fund Advisors LP now owns 210,448 shares of the savings and loan company worth $3,464,000 after buying 2,448 more shares in the last quarter. Prelude Capital Management LLC purchased a new equity stake in Prudential Bancorp in Q1 worth approximately $2,259,000. Finally, UBS Group AG purchased a new equity stake in Prudential Bancorp in Q1 for approximately $1,723,000. Institutional investors hold 29.20% of the company’s shares.

Prudential Bancorp Company Profile

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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.

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