Pioneer Bancorp, Inc.'s (NASDAQ:PBFS) largest shareholders are private companies with 57% ownership, hedge funds own 14%

In This Article:

Key Insights

  • Pioneer Bancorp's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public

  • 57% of the company is held by a single shareholder (Pioneer Bancorp MHC)

  • Insiders have been buying lately

Every investor in Pioneer Bancorp, Inc. (NASDAQ:PBFS) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 57% to be precise, is private companies. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

Hedge funds, on the other hand, account for 14% of the company's stockholders.

Let's delve deeper into each type of owner of Pioneer Bancorp, beginning with the chart below.

See our latest analysis for Pioneer Bancorp

ownership-breakdown
ownership-breakdown

What Does The Institutional Ownership Tell Us About Pioneer Bancorp?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

We can see that Pioneer Bancorp does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Pioneer Bancorp, (below). Of course, keep in mind that there are other factors to consider, too.

earnings-and-revenue-growth
earnings-and-revenue-growth

It would appear that 14% of Pioneer Bancorp shares are controlled by hedge funds. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. Pioneer Bancorp MHC is currently the largest shareholder, with 57% of shares outstanding. With such a huge stake in the ownership, we infer that they have significant control of the future of the company. Meanwhile, the second and third largest shareholders, hold 8.3% and 5.4%, of the shares outstanding, respectively.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held.