Prudential Bancorp Inc (NASDAQ:PBIP) Sees Significant Drop in Short Interest

Prudential Bancorp Inc (NASDAQ:PBIP) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 29,700 shares, a drop of 14.4% from the January 15th total of 34,700 shares. Based on an average trading volume of 5,800 shares, the short-interest ratio is presently 5.1 days. Currently, 0.4% of the company’s stock are sold short.

PBIP stock traded down $0.22 during mid-day trading on Friday, hitting $17.73. 2,080 shares of the company were exchanged, compared to its average volume of 4,165. The company has a market capitalization of $157.90 million, a PE ratio of 15.83 and a beta of 0.05. Prudential Bancorp has a twelve month low of $15.21 and a twelve month high of $19.57. The firm has a fifty day simple moving average of $17.94 and a 200 day simple moving average of $17.45.

Prudential Bancorp (NASDAQ:PBIP) last announced its quarterly earnings data on Friday, January 17th. The savings and loans company reported $0.28 earnings per share for the quarter. The company had revenue of $7.18 million during the quarter. Prudential Bancorp had a net margin of 20.27% and a return on equity of 7.48%.

A number of hedge funds have recently made changes to their positions in PBIP. Barclays PLC grew its holdings in Prudential Bancorp by 100.9% during the 4th quarter. Barclays PLC now owns 8,912 shares of the savings and loans company’s stock worth $165,000 after acquiring an additional 4,477 shares in the last quarter. Northern Trust Corp grew its holdings in Prudential Bancorp by 3.7% during the 2nd quarter. Northern Trust Corp now owns 98,457 shares of the savings and loans company’s stock worth $1,863,000 after acquiring an additional 3,549 shares in the last quarter. UBS Group AG grew its holdings in Prudential Bancorp by 15.2% during the 4th quarter. UBS Group AG now owns 18,166 shares of the savings and loans company’s stock worth $337,000 after acquiring an additional 2,402 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Prudential Bancorp by 0.3% during the 4th quarter. Renaissance Technologies LLC now owns 441,824 shares of the savings and loans company’s stock worth $8,187,000 after acquiring an additional 1,524 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Prudential Bancorp by 8.8% during the 3rd quarter. Rhumbline Advisers now owns 13,187 shares of the savings and loans company’s stock worth $224,000 after acquiring an additional 1,062 shares in the last quarter. 41.01% of the stock is owned by institutional investors.

About Prudential Bancorp

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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