The stock of Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) hit a new 52-week high and has $17.12 target or 7.00% above today’s $16.00 share price. The 8 months bullish chart indicates low risk for the $130.61M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $17.12 price target is reached, the company will be worth $9.14 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.13% or $0.02 on December 1, hitting $16. About 87,460 shares traded hands or 550.36% up from the average. Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) has risen 13.33% since April 28, 2016 and is uptrending. It has outperformed by 7.41% the S&P500.
Analysts await Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) to report earnings on January, 26.
According to Zacks Investment Research, “Prudential Bancorp, Inc. of Pennsylvania is the mid-tier holding company for Prudential Savings Bank. Prudential Savings Bank is a Pennsylvania-chartered, FDIC-insured savings bank.”
Insitutional Activity: The institutional sentiment increased to 1.6 in Q2 2016. Its up 1.31, from 0.29 in 2016Q1. The ratio is positive, as 4 funds sold all Prudential Bancorp, Inc. of PA shares owned while 10 reduced positions. 2 funds bought stakes while 2 increased positions. They now own 2.64 million shares or 0.26% less from 2.64 million shares in 2016Q1.
Acadian Asset Mngmt Ltd Liability Company accumulated 0% or 1,900 shares. Blackrock Institutional Trust Na, a California-based fund reported 4,124 shares. Price T Rowe Associates Md accumulated 20,035 shares or 0% of the stock. Tower Cap Lc (Trc) accumulated 519 shares or 0% of the stock. Clark Estates Ny last reported 0.2% of its portfolio in the stock. Price Michael F last reported 121,287 shares in the company. Blackrock Fund Advisors has 8,585 shares for 0% of their US portfolio. Blackrock Invest Mgmt Limited Liability Corporation last reported 1,070 shares in the company. California Pub Employees Retirement Sys has invested 0% of its portfolio in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP). Seidman Lawrence B last reported 6.48% of its portfolio in the stock. Bancorporation Of America De holds 114 shares or 0% of its portfolio. Wells Fargo & Mn accumulated 3,290 shares or 0% of the stock. Morgan Stanley reported 18,667 shares or 0% of all its holdings. Firefly Value Partners Ltd Partnership accumulated 1.03% or 475,250 shares. Creative Planning reported 10,000 shares or 0% of all its holdings.
More notable recent Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) news were published by: Globenewswire.com which released: “Prudential Bancorp, Inc. Announces New Election Deadline” on November 22, 2016, also Globenewswire.com with their article: “Prudential Bancorp, Inc. and Polonia Bancorp, Inc. Announce Merger Agreement” published on June 02, 2016, Globenewswire.com published: “Prudential Bancorp, Inc. and Polonia Bancorp, Inc. Announce Receipt of Polonia …” on October 25, 2016. More interesting news about Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) were released by: Globenewswire.com and their article: “Prudential Bancorp, Inc. Announces Receipt of Regulatory Approvals” published on October 18, 2016 as well as Globenewswire.com‘s news article titled: “Prudential Bancorp, Inc. Announces Intent to Seek Shareholder Approval” with publication date: November 08, 2016.
PBIP Company Profile
Prudential Bancorp, Inc., incorporated on June 6, 2013, is a holding firm 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 engaged 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.
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