 PHILADELPHIA, Jan. 21, 2021 GLOBE NEWSWIRE -- Prudential Bancorp, Inc. the Company Nasdaq: PBIP announced today that its Board of Directors approved the Companys fifth stock repurchase program covering up to 390,000 shares or approximately 5 of its issued and outstanding shares of common stock, taking in account the completion of the current repurchase program. The Company has purchased 184,170 shares of the 407,000 shares covered by the Companys fourth repurchase program announced in June 2020 at an average cost per share of 11.98, well below the Companys book value per share. The shares covered by the fifth repurchase program may be purchased in the open market or in privately negotiated transactions from time to time depending upon market conditions and other factors over a one-year period or such longer period of time as may be necessary to complete such repurchases. Repurchases are expected to commence promptly following the later of announcement of the Companys operating results for the quarter year ended December 31, 2020 or the completion of the Companys current repurchase program. 