Revenue Update on Prudential Bancorp of PA(NASDAQ:PBIP)

Prudential Bancorp of PA(NASDAQ:PBIP) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 5, 2016. Earnings per share were $0.10.

Prudential Bancorp of PA (PBIP) made into the market gainers list on Wednesdays trading session with the shares advancing 0.21% or 0.03 points. Due to strong positive momentum, the stock ended at $14.45, which is also near the day’s high of $14.45. The stock began the session at $14.45 and the volume stood at 157 shares. The 52-week high of the shares is $16.2 and the 52 week low is $13.76. The company has a current market capitalization of $116 M and it has 80,45,544 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 23, 2016, Dennis Pollack (CEO) purchased 2,701 shares at $14.63 per share price.Also, On Jun 23, 2016, Bruce E Miller (director) purchased 2,000 shares at $14.74 per share price.On Dec 15, 2015, Jerome R Balka (director) sold 4,000 shares at $14.81 per share price, according to the Form-4 filing with the securities and exchange commission.

Prudential Bancorp of Pennsylvania Inc is a stock holding company for Prudential Savings Bank (the Bank) a Pennsylvania-chartered FDIC insured savings bank. The mutual-to-stock conversion was completed on October 9 2013. The Company’s business activities consist of the ownership of the Bank’s common stock and the management of the offering proceeds it retained. As a bank holding company Prudential Bancorp is subject to the regulation of the Board of Governors of the Federal Reserve System. The Company’s results of operations are primarily dependent on the results of the Bank. As of September 30 2013 the Company on a consolidated basis had total assets of approximately $607.9 million total deposits of approximately $542.7 million and total stockholders’ equity of approximately $59.9 million.

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