Prudential Bancorp (NASDAQ:PBIP) Stock Passes Below Fifty Day Moving Average of $17.41

Prudential Bancorp Inc (NASDAQ:PBIP) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $17.41 and traded as low as $17.74. Prudential Bancorp shares last traded at $17.74, with a volume of 124 shares.

The stock has a market cap of $160.04 million, a price-to-earnings ratio of 17.76 and a beta of -0.10. The stock has a 50 day moving average of $17.43.

Prudential Bancorp (NASDAQ:PBIP) last posted its quarterly earnings data on Friday, April 19th. The savings and loans company reported $0.26 earnings per share for the quarter. The firm had revenue of $6.87 million for the quarter. Prudential Bancorp had a net margin of 21.85% and a return on equity of 7.01%.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Thursday, June 6th.

Institutional investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of Prudential Bancorp during the 1st quarter valued at $31,000. BNP Paribas Arbitrage SA raised its position in shares of Prudential Bancorp by 542.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,869 shares of the savings and loans company’s stock valued at $32,000 after buying an additional 1,578 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Prudential Bancorp during the 1st quarter valued at $155,000. Bank of America Corp DE raised its position in shares of Prudential Bancorp by 30.7% during the 4th quarter. Bank of America Corp DE now owns 10,473 shares of the savings and loans company’s stock valued at $185,000 after buying an additional 2,462 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in shares of Prudential Bancorp during the 4th quarter valued at $214,000. Hedge funds and other institutional investors own 39.79% of the company’s stock.

About Prudential Bancorp (NASDAQ:PBIP)

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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