Is Pioneer Bancorp, Inc. (PBFS) A Good Stock To Buy?

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Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial news websites. However, in this article we will take a look at their collective moves over the last 4.5 years and analyze what the smart money thinks of Pioneer Bancorp, Inc. (NASDAQ:PBFS) based on that data.

Pioneer Bancorp, Inc. (NASDAQ:PBFS) has experienced an increase in hedge fund interest in recent months. Our calculations also showed that PBFS isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings and see the video for a quick look at the top 5 stocks).

Video: Watch our video about the top 5 most popular hedge fund stocks.

At the moment there are a multitude of tools shareholders can use to appraise publicly traded companies. Two of the less known tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the best picks of the best fund managers can beat the market by a healthy amount (see the details here).

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David E. Shaw of D.E. Shaw
David E. Shaw of D.E. Shaw

David E. Shaw of D.E. Shaw[/caption]

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, legendary investor Bill Miller told investors to sell 7 extremely popular recession stocks last month. So, we went through his list and recommended another stock with 100% upside potential instead. We interview hedge fund managers and ask them about their best ideas. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. Our best call in 2020 was shorting the market when S&P 500 was trading at 3150 after realizing the coronavirus pandemic’s significance before most investors. With all of this in mind we're going to take a glance at the latest hedge fund action regarding Pioneer Bancorp, Inc. (NASDAQ:PBFS).

Hedge fund activity in Pioneer Bancorp, Inc. (NASDAQ:PBFS)

At the end of the first quarter, a total of 4 of the hedge funds tracked by Insider Monkey were long this stock, a change of 33% from the previous quarter. The graph below displays the number of hedge funds with bullish position in PBFS over the last 18 quarters. With the smart money's capital changing hands, there exists a few key hedge fund managers who were adding to their holdings considerably (or already accumulated large positions).