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

Equity researchers at StockNews.com 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

A d Invest daily

27 US cities where stocks earn 26% a year

What is the most productive stock you have ever owned? Dividends from these stocks have grown so rapidly over the years that they now earn us an average of 26%! When you start getting paid 26% on your money, your financial troubles tend to evaporate.

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

(Get a rating)

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.

Read more

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Prudential Bancorp right now?

Before you consider Prudential Bancorp, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Prudential Bancorp was not on the list.

Although Prudential Bancorp currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

About Jon Moses

Check Also

UniCredit (OTCMKTS:UNCRY) PT raised to €17.00 at Berenberg Bank

UniCredit (OTCMKTS: NOT CRY – Get a rating) saw its price target raised by equity …