Could Prudential Bancorp, Inc. of PA (PBIP) Gain Strenght After Forming Double Top?

June 19, 2017 - By Maria Brooks

Investors sentiment decreased to 1.11 in Q4 2016. Its down 0.49, from 1.6 in 2016Q3. It is negative, as 4 investors sold Prudential Bancorp, Inc. of PA shares while 5 reduced holdings. 3 funds opened positions while 7 raised stakes. 2.56 million shares or 2.97% less from 2.63 million shares in 2016Q3 were reported.
Moreover, Morgan Stanley has 0% invested in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP). Vanguard Group Inc invested 0% of its portfolio in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP). Northern Trust Corp reported 0% stake. Price T Rowe Associates Md invested in 0% or 20,035 shares. Css Limited Liability Il invested 0.13% of its portfolio in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP). Dimensional Fund Advsr Lp holds 0% of its portfolio in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) for 103,688 shares. Deutsche Financial Bank Ag reported 0% in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP). California Employees Retirement System stated it has 0% of its portfolio in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP). Kennedy Mgmt holds 0.04% or 139,878 shares in its portfolio. Blackrock Institutional Trust Na holds 0% of its portfolio in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) for 4,124 shares. Seidman Lawrence B stated it has 9.13% of its portfolio in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP). Firefly Value Prtnrs L P holds 0.95% of its portfolio in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) for 475,250 shares. Renaissance Technologies Ltd Liability Company reported 358,490 shares stake. Wells Fargo & Company Mn reported 0% of its portfolio in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP). Moreover, Creative Planning has 0% invested in Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) for 10,000 shares.

The chart of Prudential Bancorp, Inc. of PA (PBIP) shows a double top with $19.41 target or 6.00 % above today’s $18.31 share price. The 8 months chart pattern indicates low risk for the $164.85M company. It was reported on Jun, 19 by Finviz.com. If the $19.41 price target is reached, the company will be worth $9.89M more. Double tops are rare but powerful chart patterns.

About 4 shares traded. Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) has risen 25.00% since June 19, 2016 and is uptrending. It has outperformed by 8.30% the S&P500.

Wall Street await Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) to release earnings on August, 4.

More notable recent Prudential Bancorp, Inc. of PA (NASDAQ:PBIP) news were published by: Globenewswire.com which released: “Prudential Bancorp, Inc. and Polonia Bancorp, Inc. Announce Adjusted Merger …” on December 22, 2016, also Globenewswire.com with their article: “Prudential Bancorp, Inc. Announces Completion of Merger With Polonia Bancorp, Inc.” published on January 03, 2017, 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. and Polonia Bancorp, Inc. Announce Merger Agreement” published on June 02, 2016 as well as Globenewswire.com‘s news article titled: “Prudential Bancorp, Inc. Announces Receipt of Prudential Shareholder Approval …” with publication date: December 19, 2016.

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