Key Insights
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Pioneer Bancorp's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
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The largest shareholder of the company is Pioneer Bancorp MHC with a 59% stake
To get a sense of who is truly in control of Pioneer Bancorp, Inc. ( NASDAQ:PBFS ), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 59% to be precise, is private companies. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Individual investors, on the other hand, account for 16% of the company's stockholders.
Let's take a closer look to see what the different types of shareholders can tell us about Pioneer Bancorp.
See our latest analysis for Pioneer Bancorp
What Does The Institutional Ownership Tell Us About Pioneer Bancorp?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
We can see that Pioneer Bancorp does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Pioneer Bancorp's earnings history below. Of course, the future is what really matters.
It looks like hedge funds own 7.7% of Pioneer Bancorp shares. That's interesting, because hedge funds can be quite active and activist. Many look for medium term catalysts that will drive the share price higher. The company's largest shareholder is Pioneer Bancorp MHC, with ownership of 59%. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. M3F, Inc. is the second largest shareholder owning 7.7% of common stock, and The Vanguard Group, Inc. holds about 2.7% of the company stock. Furthermore, CEO Thomas Amell is the owner of 0.5% of the company's shares.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known.
Insider Ownership Of Pioneer Bancorp
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
We can see that insiders own shares in Pioneer Bancorp, Inc.. As individuals, the insiders collectively own US$7.3m worth of the US$363m company. It is good to see some investment by insiders, but it might be worth checking if those insiders have been buying.
General Public Ownership
The general public-- including retail investors -- own 16% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Private Company Ownership
Our data indicates that Private Companies hold 59%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
Next Steps:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Pioneer Bancorp you should know about.
Of course, you might find a fantastic investment by looking elsewhere.So take a peek at this free list of interesting companies.
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This article by Simply Wall St is general in nature.
We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.
It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
