PBFS
Pioneer Bancorp, Inc.Financial Services·Banks - Regional
$14.93
$374M market cap
Revenue
$129.3M
Free Cash Flow
$12.9M
Rev Growth
+0.0%
FCF Margin
10.0%
P/FCF
29.0x
EV/FCF
13.7x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
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. Th
2-Year Price History
$14.84+50.2%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q3 | 32.2 | 5.7 | 5.7 | 5.3 | -0.2 | -0.8 | -0.6 | 198.2 | 0.0 | 24.3 | 18.9% | 0.8x | 5.4x |
| Act | 2026-Q2 | 33.2 | 5.3 | 5.3 | 3.8 | 5.7 | 5.5 | -0.2 | 354.1 | 54.4 | 24.3 | 9.2% | 0.7x | -- |
| Act | 2026-Q1 | 32.1 | 6.2 | 5.6 | 4.3 | 3.9 | 3.7 | -0.2 | 294.4 | 0.0 | 24.6 | 17.2% | 0.8x | -- |
| Act | 2025-Q4 | 31.8 | 8.1 | 8.1 | 6.5 | 5.1 | 4.6 | -0.5 | 407.6 | 0.0 | 24.6 | 25.3% | 1.1x | -- |
Historical Valuation
Multiples vs the company's own history — cheap or rich relative to itself? Historical fiscal years, then TTM, then forward projections (E). Forward rows hold today's price against projected earnings, so the multiple compresses if the company grows into it.
| Year | Price | Rev Gr | EBITDA % | EBITDA | EV/EBITDA | EV/FCF | P/E | P/S |
|---|---|---|---|---|---|---|---|---|
| TTM | 14.93 | 0.0% | 19.6% | 25 | 0.0× | 0.0× | 0.0× | 0.0× |
EBITDA in reporting-currency $M. Historical multiples use year-end market cap (split-adjusted price history); TTM & forward years use today's.
Valuation & Metrics
Market Stats
Price$14.93
Market Cap$374M
Enterprise Value$176M
P/S Ratio2.9x
P/FCF29.0x
EV/FCF13.7x
FCF Margin (TTM)10.0%
FCF Yield3.4%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$129.3M
Net Income$19.8M
Free Cash Flow$12.9M
Revenue Growth (YoY)+0.0%
EBITDA Margin19.6%
Net Margin15.3%
FCF Margin10.0%
CapEx % of Revenue1.2%
SBC % of Revenue0.9%
ROIC17.7%
WC Change % Rev-0.6%
Interest Coverage0.8x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.1M
Days to Cover9.7
Change (vs Prior)+1.8%
Need at least 2 settlement dates for chart
Employees
Headcount268
Revenue / Employee$482,575
Gross Profit / Employee$352,291
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
14.3%(+1.5% YoY)
68 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
7.4%(+0.7% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.1%(+0.0% YoY)
3 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| M3F, Inc. | $28.8M | $10.49 | +$531K | −$3.5M | +1.7% | $404M |
| BlackRock, Inc.Passive | $8.4M | $10.99 | −$184K | −$818K | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $7.3M | $13.92 | +$7.3M | +$7.3M | — | $4.04T |
| ALLIANCEBERNSTEIN L.P. | $6.9M | $11.84 | +$288K | +$931K | -0.3% | $307.70B |
| Private Capital Management, LLC | $4.9M | $11.82 | −$106K | +$1.3M | -0.9% | $982M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $3.2M | $10.36 | −$271K | −$265K | +2.3% | $1.61T |
| DIMENSIONAL FUND ADVISORS LPPassive | $3.0M | $10.40 | +$21K | +$298K | -0.4% | $480.92B |
| STATE STREET CORPPassive | $2.5M | $10.64 | +$17K | +$74K | -0.2% | $2.89T |
| First Pacific Advisors, LP | $2.3M | $9.95 | +$0 | +$0 | +0.6% | $7.00B |
| NORTHERN TRUST CORPPassive | $1.1M | $11.15 | +$29K | −$129K | -0.2% | $755.34B |
| VANGUARD FIDUCIARY TRUST COPassive | $1.1M | $13.92 | +$1.1M | +$1.1M | — | $395.83B |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1.0M | $10.14 | +$0 | −$1.2M | -2.3% | $4.93B |
| Empowered Funds, LLC | $1.0M | $9.90 | +$0 | +$140K | +0.2% | $15.64B |
| RENAISSANCE TECHNOLOGIES LLC | $973K | $11.32 | −$57K | −$257K | +1.2% | $63.91B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $885K | $13.92 | +$885K | +$885K | — | $1.91T |
| GOLDMAN SACHS GROUP INC | $736K | $12.02 | +$260K | +$185K | -0.2% | $760.93B |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $734K | $11.55 | +$0 | +$0 | +0.1% | $184.72B |
| Gator Capital Management, LLC | $619K | $11.27 | +$33K | +$49K | +2.2% | $469M |
| FLYWHEEL PRIVATE WEALTH LLC | $557K | $13.92 | +$557K | +$557K | +3.8% | $175M |
| AQR CAPITAL MANAGEMENT LLC | $525K | $12.48 | −$3K | +$339K | -0.2% | $218.19B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
+0.75%
avg per quarter
Holders (ex-self)
+0.86%
excl. this stock
Buyers (this Q)
+1.53%
30 buyers · $0.01B in
Sellers (this Q)
-0.07%
30 sellers · $0.00B out
alpha coverage: 89% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+18.8%
how holders react when this stock falls
On quiet Qs
+6.3%
−10% to +10% baseline
On rallies (+10%+)
-18.4%
how they react when this stock rises
Holders' portfolio flow this Q
+3.3%
inflows — adds are organic
Sellers' portfolio flow this Q
+4.4%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-4.0%
Holder mid (any stock)
-1.4%
Holder rally (any stock)
-3.1%
Biggest decreases this quarter
GEODE CAPITAL MANAGEMENT, LLC−$271Kα+2.3MILLENNIUM MANAGEMENT LLCexited−$232KBlackRock, Inc.−$184Kα-0.2Private Capital Management, LLC−$106Kα-0.9MORGAN STANLEY−$85Kα-0.3CHARLES SCHWAB INVESTMENT MANAGEMENT INC−$61Kα+0.7RENAISSANCE TECHNOLOGIES LLC−$57Kα+1.2MARTINGALE ASSET MANAGEMENT L P−$35Kα-0.4Bank of New York Mellon Corp−$25Kα-0.2JANE STREET GROUP, LLC−$11Kα-0.1
New buyers this quarter
Top-5 holders · 69.1%
M3F, Inc.--
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
ALLIANCEBERNSTEIN L.P.--
Private Capital Management, LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
M3F, Inc.2.1MFJ Capital Management LLC—ALLIANCEBERNSTEIN L.P.509KPrivate Capital Management, LLC355KFirst Pacific Advisors, LP167KBrandywine Global Investment Management, LLC—BRIDGEWAY CAPITAL MANAGEMENT, LLC75KBHZ CAPITAL MANAGEMENT, LP—RENAISSANCE TECHNOLOGIES LLC70KEmpowered Funds, LLC75K
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$79K
1 txn · 1 insider · 5,395 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-12-12 | SELL | Tomczak Jesse | officer: EVP and CBO | 5,395 | $14.69 | $79K | $602K |
Order Flow (FINRA, ~3w lag)
9.4%retail-5.4pp
11.1%dark+5.2pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Pioneer Bancorp: Administrative Shell Lacks Substantive Forensic Data
Overall Risk
3/10
Fraud
1/10
Dilution
1/10
Insolvency
1/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10