Today’s Price Action: Is Prudential Bancorp, Inc. of PA’s Fuel Running Low? The Stock Reaches 52-Week High Today

Today's Price Action: Is Prudential Bancorp, Inc. of PA's Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) hit a new 52-week high and has $16.96 target or 8.00% above today’s $15.70 share price. The 7 months bullish chart indicates low risk for the $128.25 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $16.96 price target is reached, the company will be worth $10.26M 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. About 28,690 shares traded hands or 102.16% up from the average. Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) has risen 13.09% since April 21, 2016 and is uptrending. It has outperformed by 7.76% 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.
Northern Tru accumulated 10,833 shares or 0% of the stock. Price Michael F last reported 0.23% of its portfolio in the stock. Morgan Stanley has 18,667 shares for 0% of their US portfolio. Deutsche Fincl Bank Ag last reported 0% of its portfolio in the stock. Blackrock Institutional Tru Na, a California-based fund reported 4,124 shares. The New Jersey-based Seidman Lawrence B has invested 6.48% in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP). Vanguard Gru holds 0% of its portfolio in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) for 400,036 shares. The New York-based Renaissance Techs Ltd has invested 0.01% in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP). Blackrock Invest Mngmt Limited accumulated 1,070 shares or 0% of the stock. Moreover, Acadian Asset Mgmt Ltd Liability has 0% invested in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) for 1,900 shares. Price T Rowe Assoc Md reported 20,035 shares or 0% of all its holdings. Tower Rech Capital Lc (Trc) last reported 0% of its portfolio in the stock. California Employees Retirement Systems has invested 0% of its portfolio in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP). Wells Fargo & Mn holds 0% or 3,290 shares in its portfolio. Dimensional Fund Lp reported 96,702 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. Announces Receipt of Regulatory Approvals” on October 18, 2016. More interesting news about Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) were released by: Globenewswire.com and their article: “Prudential Bancorp, Inc. and Polonia Bancorp, Inc. Announce Receipt of Polonia …” published on October 25, 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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