Prudential Bancorp Inc (NASDAQ:PBIP) was the target of a significant drop in short interest in the month of November. As of November 29th, there was short interest totalling 38,100 shares, a drop of 9.1% from the November 14th total of 41,900 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is currently 6.6 days. Currently, 0.5% of the company’s shares are sold short.
NASDAQ PBIP remained flat at $$18.50 during trading hours on Friday. The company had a trading volume of 9,109 shares, compared to its average volume of 5,753. The firm has a fifty day moving average of $17.82 and a 200-day moving average of $17.40. Prudential Bancorp has a fifty-two week low of $13.92 and a fifty-two week high of $19.57. The stock has a market cap of $164.44 million, a price-to-earnings ratio of 17.45 and a beta of 0.05.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, December 5th. This is a boost from Prudential Bancorp’s previous quarterly dividend of $0.05.
Prudential Bancorp Company Profile
Prudential Bancorp, Inc operates as the bank holding company for Prudential Bank that provides various banking products or services. The company accepts interest-bearing and non-interest-bearing checking, money market, savings, and certificates of deposit accounts. Its loan portfolio comprises single-family residential mortgage loans, construction and land development loans, non-residential or commercial real estate mortgage loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, such as loans secured by deposit accounts and unsecured personal loans.
See Also: Options Trading – What is a Straddle?
Receive News & Ratings for Prudential Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.