Business

Notable News to Watch: Prudential Bancorp (NASDAQ:PBIP)

Prudential Bancorp (NASDAQ:PBIP) spotted trading -15.53% off 52-week high price. On the other end, the stock has been noted 18.76% away from the low price over the last 52-weeks. The stock changed 0.00% to recent value of $16.1. The stock transacted 7576 shares during most recent day however it has an average volume of 8.04K shares. The company has 8.68M of outstanding shares and 7.74M shares were floated in the market.  

 On Aug.21, 2019, Prudential Bancorp (NASDAQ:PBIP) revealed that its Board of Directors, at a meeting held , declared a quarterly cash dividend of $0.05 per share on the common stock of the Company, payable on September 20, 2019 to the shareholders of record at the close of business on September 6, 2019.

Prudential Bancorp is the holding company for Prudential Bank, a Pennsylvania-chartered, FDIC-insured savings bank originally organized in 1886 and headquartered in Philadelphia, Pennsylvania.  Prudential conducts business from its headquarters and main office in Philadelphia, Pennsylvania as well as nine additional full-service financial centers, seven of which are in Philadelphia, one in Drexel Hill, Delaware County, and one in Huntingdon Valley, Montgomery County, Pennsylvania.  At June 30, 2019, the Company had assets totaling $1.2 billion, liabilities totaling $1.1 billion and shareholders’ equity totaling $134.8 million.

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.  Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts.  They often include words like believe, expect, anticipate, estimate and intend or future or conditional verbs such as will, would, should, could or may.  Forward-looking statements, by their nature, are subject to risks and uncertainties.  A number of factors, many of which are beyond the Company’s control, could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements.  The Company’s reports filed from time-to-time with the Securities and Exchange Commission, describe some of these factors, including general economic conditions, changes in interest rates, deposit flows, the cost of funds, demand for loan products, demand for financial services, changes in credit quality and interest rate risks associated with the Company’s business and operations.  Other factors described include changes in the quality or composition of our loan, investment and mortgage-backed securities portfolios, geographic concentration of the Company’s business; fluctuations in real estate values; the adequacy of loan loss reserves; the risk that goodwill and intangibles recorded in the Company’s financial statements will become impaired; changes in accounting principles, policies or guidelines, changes in competition, fiscal and monetary policies, legislation and regulatory changes.

 Its earnings per share (EPS) expected to touch remained 204.00% for this year,an operating margin of 58.50% while its profit margin remained 22.40% for the last 12 months. 

  The price moved ahead of -5.99% from the mean of 20 days, -8.36% from mean of 50 days SMA and performed -6.96% from mean of 200 days price. Company’s performance for the week was -0.31%, -11.10% for month and YTD performance remained -6.07%.

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