Prudential Bancorp Inc (NASDAQ:PBIP) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 55,100 shares, a drop of 11.7% from the June 15th total of 62,400 shares. Based on an average daily trading volume, of 8,200 shares, the short-interest ratio is presently 6.7 days. Approximately 0.7% of the shares of the company are short sold.

A number of hedge funds and other institutional investors have recently bought and sold shares of PBIP. BlackRock Inc. boosted its position in shares of Prudential Bancorp by 3.4% in the fourth quarter. BlackRock Inc. now owns 448,649 shares of the savings and loans company’s stock valued at $7,896,000 after acquiring an additional 14,961 shares during the period. BNP Paribas Arbitrage SA lifted its position in Prudential Bancorp by 542.3% during the first quarter. BNP Paribas Arbitrage SA now owns 1,869 shares of the savings and loans company’s stock valued at $32,000 after purchasing an additional 1,578 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Prudential Bancorp by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 209,597 shares of the savings and loans company’s stock valued at $3,689,000 after purchasing an additional 16,903 shares during the last quarter. Geode Capital Management LLC lifted its position in Prudential Bancorp by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 155,669 shares of the savings and loans company’s stock valued at $2,739,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Prudential Bancorp by 30.7% during the fourth quarter. Bank of America Corp DE now owns 10,473 shares of the savings and loans company’s stock valued at $185,000 after purchasing an additional 2,462 shares during the last quarter. Institutional investors and hedge funds own 39.79% of the company’s stock.

NASDAQ PBIP traded up $0.54 during trading hours on Friday, reaching $18.34. 7,218 shares of the company were exchanged, compared to its average volume of 6,291. Prudential Bancorp has a 1 year low of $13.92 and a 1 year high of $19.57. The firm has a 50 day simple moving average of $17.85. The company has a market cap of $163.61 million, a PE ratio of 17.63 and a beta of -0.01.

Prudential Bancorp (NASDAQ:PBIP) last posted its quarterly earnings data on Friday, July 19th. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter. Prudential Bancorp had a net margin of 21.04% and a return on equity of 7.16%. The business had revenue of $7.40 million during the quarter.

Prudential Bancorp Company Profile

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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