Pioneer Bancorp (PBFS) AI Stock Analysis

• Market Cap: $354.89M
• Dividend Yield: N/A
• Average Volume (3M): 33.13K
• Price to Earnings (P/E): 17.2
• Beta (1Y): 0.35
• Revenue Growth: 28.90%
• EPS Growth: 31.84%
• Country: US
• Employees: 268
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.15
• Shares Outstanding: 25,080,547
• 10 Day Avg. Volume: 21,620
• 30 Day Avg. Volume: 33,132
• PEG Ratio: 0.60
• Price to Book (P/B): 0.97
• Price to Sales (P/S): 3.45
• P/FCF Ratio: 9.44
• Enterprise Value/Market Cap: 0.36
• Enterprise Value/Revenue: 1.35
• Enterprise Value/Gross Profit: 1.86
• Enterprise Value/Ebitda: 5.66
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: $14.50 ▲(8.94% Upside)

The score is driven primarily by solid financial performance (strong balance sheet and cash generation despite 2024 revenue/earnings softness). Technical indicators are the main offset due to weak near-term momentum, while valuation is reasonable and recent corporate events (buyback and new broker-dealer initiative) add modest support.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Pioneer Bancorp's services, enhancing its market position and supporting long-term expansion.

Debt-Free Balance Sheet

A debt-free balance sheet provides financial stability, reduces risk, and allows for greater flexibility in strategic investments and growth initiatives.

Profitability

High profitability reflects efficient operations and strong pricing power, which can sustain competitive advantages and shareholder value over time.

Negative Factors

Declining EBIT Margin

A declining EBIT margin suggests rising costs or pricing pressures, which could erode profitability and impact long-term financial performance if not addressed.

Operating Cash Flow Decline

A decrease in operating cash flow indicates potential challenges in converting income into cash, which may affect liquidity and investment capacity.

Executive Compensation Concerns

Concerns over executive compensation may indicate governance issues, potentially affecting management focus and shareholder alignment.

Pioneer Bancorp Business Overview & Revenue Model

Company Description

Pioneer Bancorp, Inc. operates as a holding company for Pioneer Savings Bank that provides various banking products and services in New York. The company accepts various deposit products, such as demand, savings, and money market accounts, as well as certificates of deposit accounts. Its loan products include commercial real estate, commercial and industrial, commercial construction, one- to four-family residential real estate, home equity, and consumer loans; and home equity lines of credit. The company also invests in the U.S. governmental securities, fixed rate collateralized mortgage obligations, mortgage-backed securities, fixed-rate investment grade bonds, and equity securities. In addition, the company offers personal and commercial insurance products, including homeowners, automobile, and comprehensive business insurance; employee benefit products and services, such as group health, dental, disability, and life insurance products, as well as defined contribution, defined benefit administration, and human resource management services; and wealth management services comprising investment advice, retirement income planning, estate planning, business succession, and employer retirement planning. It operates through a network of 22 retail banking offices in Albany, Greene, Rensselaer, Saratoga, Schenectady, and Warren Counties in New York. The company was founded in 1889 and is based in Albany, New York. Pioneer Bancorp, Inc. operates as a subsidiary of Pioneer Bancorp, MHC.

How the Company Makes Money

Pioneer Bancorp generates revenue through various banking activities and financial services. The company's primary revenue streams include interest income from loans and mortgages, as well as income from service charges and fees associated with deposit accounts. Additionally, Pioneer Bancorp earns money through investment securities and other financial instruments. A significant portion of their earnings comes from the interest rate spread, which is the difference between the interest earned on loans and the interest paid on deposits. The company may also benefit from strategic partnerships or alliances with other financial institutions, though specific partnerships contributing to its earnings are not detailed.

Pioneer Bancorp Financial Statement Overview

Summary

Overall financial profile is solid: conservative balance sheet (low leverage, growing equity) and healthy cash generation with strong cash conversion. Offsetting this, 2024 showed softer earnings and a meaningful revenue decline versus 2023, and profitability/cash flow trends have been somewhat variable.

Income Statement

Profitability is solid in the most recent annual period (net margin ~21.8%), but earnings power has cooled versus the prior year (net income down from ~$21.9M in 2023 to ~$19.2M in 2024) alongside a meaningful revenue decline (about -14.8% in 2024). Longer term, results show a strong rebound from weaker 2020–2021 profitability to much healthier 2022–2024 levels, though the recent top-line pullback and volatility in margins temper the outlook.

Balance Sheet

The balance sheet appears conservatively positioned with low leverage (debt-to-equity ~0.13 in 2024 after being near ~0.02 in 2023/2024 mid-year) and a steadily growing equity base (from ~$224M in 2020 to ~$314M in 2024). Returns on equity are positive and moderate (~6.3% in 2024), but down from the stronger 2023 level (~8.2%), and the recent uptick in leverage warrants monitoring even if still reasonable.

Cash Flow

Cash generation is healthy, with operating cash flow rising to ~$33.7M in 2024 and free cash flow of ~$32.2M, closely matching reported earnings (free cash flow to net income ~0.96). Free cash flow growth is strong in 2024, but the history shows variability (including a very weak 2020 base and uneven growth rates in subsequent years), indicating cash flow can swing meaningfully period to period.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	93.49M	88.12M	98.70M	85.18M	57.92M	59.68M
Gross Profit	68.11M	88.12M	74.19M	79.69M	57.00M	53.52M
EBITDA	22.34M	0.00	22.00M	30.55M	16.08M	5.52M
Net Income	16.54M	19.20M	15.26M	21.95M	10.28M	1.08M
Balance Sheet
Total Assets	2.24B	2.10B	1.90B	1.86B	1.96B	1.80B
Cash, Cash Equivalents and Short-Term Investments	483.06M	407.61M	408.96M	579.98M	854.38M	589.38M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.93B	1.78B	1.60B	1.59B	1.72B	1.56B
Stockholders Equity	314.20M	314.25M	296.53M	266.70M	242.63M	237.82M
Cash Flow
Free Cash Flow	3.34M	32.20M	23.01M	25.82M	49.19M	32.06M
Operating Cash Flow	5.44M	33.71M	23.85M	26.27M	49.97M	32.65M
Investing Cash Flow	-126.37M	-311.80M	-18.05M	-114.87M	-148.03M	-125.11M
Financing Cash Flow	252.96M	140.76M	8.91M	-136.98M	149.16M	260.51M

Pioneer Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.31
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PBFS, the sentiment is Positive. The current price of 13.31 is below the 20-day moving average (MA) of 13.57, below the 50-day MA of 13.66, and above the 200-day MA of 12.73, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 60.17 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PBFS.

Pioneer Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FSBW	75 Outperform	$315.63M	9.79	10.77%	3.17%	4.43%	-12.94%
CBAN	74 Outperform	$414.00M	12.25	9.63%	2.55%	6.92%	26.93%
MVBF	73 Outperform	$355.38M	11.50	10.19%	2.61%	-14.00%	73.85%
PCB	72 Outperform	$320.01M	8.70	9.38%	3.57%	10.93%	42.68%
SFST	70 Outperform	$449.91M	14.69	7.65%	―	4.74%	86.27%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
PBFS	66 Neutral	$354.89M	17.17	6.79%	―	28.90%	31.84%

Pioneer Bancorp Corporate Events

Pioneer Bancorp Adopts New Executive Targeted Incentive Plan

On December 16, 2025, Pioneer Bancorp, Inc. adopted a new Targeted Incentive Plan aimed at motivating, attracting and retaining key executives through performance-based cash incentive awards. Under the plan, the CEO and other executives designated by the compensation committee receive annual incentive targets set as a percentage of base salary, with payouts determined by a balanced scorecard of financial, operational and non-financial metrics, each assigned threshold, target and maximum performance levels; awards can range from zero up to 150% of target and are paid in cash by March 15 following each plan year, with forfeiture upon most terminations but prorated payments in cases of death, disability or retirement, and all awards subject to the company’s clawback policy.

The most recent analyst rating on (PBFS) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Pioneer Bancorp stock, see the PBFS Stock Forecast page.

Pioneer Bancorp Announces Second Stock Repurchase Program

On December 17, 2025, Pioneer Bancorp, Inc. announced the adoption of its second stock repurchase program, enabling the company to buy back up to 5% of its outstanding shares, equivalent to 1,254,027 shares. This decision follows the successful completion of an initial stock repurchase program, during which Pioneer repurchased 1,298,883 shares at an average price of $11.83 per share. The new program, which has no expiration date, offers flexibility to adjust based on market conditions and managerial discretion, aiming to optimize shareholder value and balance alternative capital uses. This move is a strategic reinforcement of the company’s commitment to aligning its operations with the best interests of stakeholders and ensuring prudent financial management.

The most recent analyst rating on (PBFS) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Pioneer Bancorp stock, see the PBFS Stock Forecast page.

Pioneer Bancorp Launches Broker-Dealer Subsidiary

On December 11, 2025, Pioneer Bancorp, Inc. announced the launch of Pioneer Capital Markets, Inc., a wholly owned broker-dealer subsidiary, marking its entry into regulated broker-dealer operations. This new venture, focusing on proprietary trading of investment-grade municipal bonds, aims to enhance Pioneer’s financial services capabilities and diversify its revenue streams. Led by experienced industry professionals, Pioneer Capital Markets is registered with FINRA, SIPC, and the SEC, and is based in North Carolina. Trading activities are expected to commence after January 1, 2026, pending final regulatory approvals.

The most recent analyst rating on (PBFS) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Pioneer Bancorp stock, see the PBFS Stock Forecast page.