Prudential Bancorp, Inc. (NASDAQ:PBIP) Sees Significantly Higher Trading Volume


Trading volume for Prudential Bancorp, Inc. was 37K on Tuesday. Trading volume was up 272.71% over the stocks average daily volume.

Traders are a little more bullish on Prudential Bancorp, Inc. lately as shown by the downtick in short interest. The stock recorded a fall in short interest of -3.47% between September 29, 2017 and October 13, 2017. Short shares decreased 6,239 over that period. The days to cover increased to 15.0 and the percentage of shorted shares was 0.02% on October 13.

The following firms have recently changed their position in PBIP. As of quarter end Blackrock Inc. had disposed of 3,250 shares trimming its holdings by 78.8%. The value of the investment in Prudential Bancorp, Inc. went from $74,000 to $16,000 decreasing 78.4% quarter to quarter. Tower Research Capital LLC (trc) cut its holdings by shedding 175 shares a decrease of 100.0% in the quarter. Tower Research Capital LLC (trc) claims 0 shares valued at $0. The value of the position overall is down by 100.0%.

Zpr Investment Management grew its stake by buying 1,750 shares an increase of 9.5% from 03/31/2016 to 06/30/2017. Zpr Investment Management now controls 20,213 shares worth $367,000. The total value of its holdings increased 39.0%. As of the end of the quarter Ubs Group Ag had sold a total of 300 shares trimming its position 62.1%. The value of the investment in (PBIP) decreased from $9,000 to $3,000 a change of 66.7% quarter over quarter.

The company is up by 0.77% since yesterday’s close of $18.25. The company announced a dividend for shareholders that was paid on Thursday the 21st of September 2017. The dividend was $0.030 per share for the quarter or $0.12 annualized. The dividend yield was $0.66. The ex-dividend date was set for Wednesday the 6th of September 2017.

Company shares are trading at $18.25 a tad higher than the 50 day moving average of $18.25 and a bit higher than the 200 day moving average of $18.03. The 50 day moving average went up by -0.02% and the 200 day average was up $0.22.

The company currently has a P/E ratio of 91.71 and the market cap of the company is 164.38M.

Prudential Bancorp, Inc., launched on June 6, 2013, is a holding company for Prudential Savings Bank (the Bank). The Bank is a Pennsylvania-chartered, Federal Deposit Insurance Corporation (FDIC)-insured savings bank. As of September 30, 2015, the Bank had seven full service branches in the Philadelphia area. The Bank is involved in the business of attracting deposits from its community through its branch offices and investing those deposits, together with funds from borrowings and operations, primarily in single-family residential loans. It also provides online and mobile banking services..