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PBFS

Pioneer Bancorp NasdaqCM:PBFS Stock Report

Last Price

US$9.75

Market Cap

US$245.0m

7D

-0.8%

1Y

-16.6%

Updated

16 Aug, 2022

Data

Company Financials
PBFS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

PBFS Stock Overview

Pioneer Bancorp, Inc. operates as a holding company for Pioneer Savings Bank that provides various banking products and services in New York.

Pioneer Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pioneer Bancorp
Historical stock prices
Current Share PriceUS$9.75
52 Week HighUS$13.98
52 Week LowUS$9.39
Beta0.39
1 Month Change-1.52%
3 Month Change-0.10%
1 Year Change-16.60%
3 Year Change-31.05%
5 Year Changen/a
Change since IPO-33.90%

Recent News & Updates

Shareholder Returns

PBFSUS MortgageUS Market
7D-0.8%5.4%3.6%
1Y-16.6%-21.1%-9.6%

Return vs Industry: PBFS exceeded the US Mortgage industry which returned -21.1% over the past year.

Return vs Market: PBFS underperformed the US Market which returned -9.6% over the past year.

Price Volatility

Is PBFS's price volatile compared to industry and market?
PBFS volatility
PBFS Average Weekly Movement3.1%
Mortgage Industry Average Movement3.5%
Market Average Movement7.7%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: PBFS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PBFS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1889248Tom Amellhttps://www.pioneerny.com

Pioneer Bancorp, Inc. operates as a holding company for Pioneer Savings Bank that provides various banking products and services in New York. The company accepts various deposit products, such as demand, savings, and money market accounts, as well as certificates of deposit accounts. Its loan products include commercial real estate, commercial and industrial, commercial construction, one- to four-family residential real estate, home equity, and consumer loans; and home equity lines of credit.

Pioneer Bancorp Fundamentals Summary

How do Pioneer Bancorp's earnings and revenue compare to its market cap?
PBFS fundamental statistics
Market CapUS$244.97m
Earnings (TTM)US$4.36m
Revenue (TTM)US$54.35m

56.1x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBFS income statement (TTM)
RevenueUS$54.35m
Cost of RevenueUS$0
Gross ProfitUS$54.35m
Other ExpensesUS$49.99m
EarningsUS$4.36m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin100.00%
Net Profit Margin8.03%
Debt/Equity Ratio2.8%

How did PBFS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PBFS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PBFS?

Other financial metrics that can be useful for relative valuation.

PBFS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does PBFS's PE Ratio compare to its peers?

PBFS PE Ratio vs Peers
The above table shows the PE ratio for PBFS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.4x
OCN Ocwen Financial
2.9x-26.1%US$255.1m
TBNK Territorial Bancorp
11.3x-12.2%US$193.2m
TSBK Timberland Bancorp
9.8xn/aUS$221.4m
NECB Northeast Community Bancorp
13.6x28.1%US$189.6m
PBFS Pioneer Bancorp
56.1xn/aUS$245.0m

Price-To-Earnings vs Peers: PBFS is expensive based on its Price-To-Earnings Ratio (56.1x) compared to the peer average (9.4x).


Price to Earnings Ratio vs Industry

How does PBFS's PE Ratio compare vs other companies in the US Mortgage Industry?

Price-To-Earnings vs Industry: PBFS is expensive based on its Price-To-Earnings Ratio (56.1x) compared to the US Mortgage industry average (11.6x)


Price to Earnings Ratio vs Fair Ratio

What is PBFS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PBFS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio56.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PBFS's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PBFS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PBFS ($9.75) is trading above our estimate of fair value ($1.86)

Significantly Below Fair Value: PBFS is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Pioneer Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.3%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pioneer Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine Pioneer Bancorp's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Pioneer Bancorp performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-28.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PBFS has high quality earnings.

Growing Profit Margin: PBFS's current net profit margins (8%) are lower than last year (11.6%).


Past Earnings Growth Analysis

Earnings Trend: PBFS's earnings have declined by 28.6% per year over the past 5 years.

Accelerating Growth: PBFS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PBFS had negative earnings growth (-28.5%) over the past year, making it difficult to compare to the Mortgage industry average (3.1%).


Return on Equity

High ROE: PBFS's Return on Equity (1.8%) is considered low.


Discover strong past performing companies

Financial Health

How is Pioneer Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: PBFS's Assets to Equity ratio (8.3x) is low.

Allowance for Bad Loans: PBFS has a sufficient allowance for bad loans (140%).

Low Risk Liabilities: 99% of PBFS's liabilities are made up of primarily low risk sources of funding.

Loan Level: PBFS has an appropriate level of Loans to Assets ratio (49%).

Low Risk Deposits: PBFS's Loans to Deposits ratio (56%) is appropriate.

Level of Bad Loans: PBFS has an appropriate level of bad loans (1.6%).


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Dividend

What is Pioneer Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PBFS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PBFS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PBFS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PBFS's dividend payments have been increasing.


Current Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PBFS's dividend in 3 years as they are not forecast to pay a notable one for the US market.


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Management

How experienced are the management team and are they aligned to shareholders interests?

5.8yrs

Average management tenure


CEO

Tom Amell (55 yo)

no data

Tenure

US$715,561

Compensation

After graduating from Siena College in 1989, Mr. Thomas L. Amell, also known as Tom, accepted a position at a local bank. He has worked in different areas of banking including retail and commercial, sales...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD715.56K) is below average for companies of similar size in the US market ($USD1.67M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PBFS's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: PBFS's board of directors are seasoned and experienced ( 10.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pioneer Bancorp, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Pioneer Bancorp, Inc.
  • Ticker: PBFS
  • Exchange: NasdaqCM
  • Founded: 1889
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Implied Market Cap: US$244.967m
  • Shares outstanding: 25.12m
  • Website: https://www.pioneerny.com

Number of Employees


Location

  • Pioneer Bancorp, Inc.
  • 652 Albany Shaker Road
  • Albany
  • New York
  • 12211
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Earnings2022/03/31
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.