Prudential Bancorp (NASDAQ:PBIP) stock experienced trading -35.23% off 52-week high price. On the other end, the stock has been noted 21.62% away from low price over the last 52-weeks. The stock disclosed a move of -18.21% away from 50 day moving average and -27.01% away from 200 day moving average. Moving closer, we can see that shares have been trading -7.96% off 20-day moving average. It has market cap of $107.04M and dividend yield of 2.33%.
On April 17, 2020, Prudential Bancorp (NASDAQ:PBIP) the holding company for Prudential Bank (the Bank), revealed net income of $2.9 million, or $0.33 per basic share and $0.32 per diluted share, for the quarter ended March 31, 2020 as compared to $2.3 million, or $0.27 per basic share and $0.26 per diluted share, for the same quarter in fiscal 2019. For the six months ended March 31, 2020, the Company reported net income of $5.4 million, or $0.61 per basic share and $0.60 per diluted share as compared to $4.3 million, or $0.49 per basic and $0.48 per diluted share, for the same period in fiscal 2019.
Dennis Pollack, President and CEO, commented, While we are pleased to be able to report increased earnings, especially in light of the economic challenges created by the ongoing COVID-19 pandemic, I am more pleased to report on and express my sincere appreciation to the employees of the Bank for all their efforts and dedication during this crisis. They are focused on what we can do for our customers, our community and our employees during this challenging period. We want to express our sincere appreciation and gratitude to all those on the front lines of the pandemic, especially health care workers and first responders. To help those who help all of us, but especially the most vulnerable among us, we have made contributions of food to support the staffs at local hospitals, police stations and fire departments.
Mr. Pollack went on to say, In order to assist our customers through these unprecedented times, we have waived overdraft fees, accommodated certain requests for loan payment extensions and we are participating in the SBA’s Paycheck Protection Program enacted as part of the CARES Act stimulus legislation. We are working with both residential and commercial borrowers to help them meet the unexpected financial challenges stemming from the COVID-19 pandemic and will continue to do so. Our continued strong capital and liquidity enable us to help our customers at this time when they most need our assistance. We are closely monitoring the rapidly challenging environment surrounding the COVID-19 pandemic but remain confident in our long-term strength and stability and our ability to the weather the storm of this crisis.
The USA based company Prudential Bancorp moved with change of 20.76% to $12.04 with the total traded volume of 21197 shares in recent session versus to an average volume of 24.99K. The stock was observed in the 5 days activity at -5.57%. The one month performance of stock was 13.48%. PBIP’s shares are at -30.73% for the quarter and driving a -26.90% return over the course of the past year and is now at -33.38% since this point in 2018. Right now the stock beta is 0.2. The average volatility for the week and month was at 9.99% and 10.97% respectively. There are 8.89M shares outstanding and 7.74M shares are floated in market.
Dennis Morris writes related to the Business Category. He manages to cover anything thrown at him in these two verticals owing to his natural inclination towards Business. Dennis is our freelance contributor. He is responsible for covering developments in finance and business categories.