Pathfinder Bancorp (NASDAQ:PBHC) Shares Pass Below 200 Day Moving Average – Should You Sell?

Pathfinder Bancorp, Inc. (NASDAQ:PBHC)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $15.02 and traded as low as $13.83. Pathfinder Bancorp shares last traded at $13.8450, with a volume of 4,077 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Pathfinder Bancorp in a research report on Wednesday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Pathfinder Bancorp Stock Up 3.0%

The firm has a 50 day simple moving average of $15.04 and a two-hundred day simple moving average of $15.01. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $68.31 million, a P/E ratio of 40.71 and a beta of 0.19.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its quarterly earnings results on Thursday, October 30th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter. Pathfinder Bancorp had a return on equity of 2.15% and a net margin of 2.98%.The company had revenue of $12.99 million for the quarter.

Pathfinder Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, October 17th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, October 17th. This represents a $0.40 annualized dividend and a yield of 2.8%. Pathfinder Bancorp’s payout ratio is presently 33.33%.

Institutional Investors Weigh In On Pathfinder Bancorp

A number of hedge funds have recently made changes to their positions in PBHC. Alliancebernstein L.P. increased its position in Pathfinder Bancorp by 26.1% during the 3rd quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after purchasing an additional 92,397 shares in the last quarter. Fourthstone LLC acquired a new stake in Pathfinder Bancorp in the second quarter valued at approximately $1,229,000. Osaic Holdings Inc. grew its stake in shares of Pathfinder Bancorp by 102.1% during the second quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock worth $537,000 after buying an additional 17,079 shares during the last quarter. Clark Capital Management Group Inc. acquired a new position in shares of Pathfinder Bancorp during the first quarter worth $280,000. Finally, Raymond James Financial Inc. bought a new position in shares of Pathfinder Bancorp in the 2nd quarter valued at $52,000. 26.73% of the stock is currently owned by institutional investors and hedge funds.

Pathfinder Bancorp Company Profile

Pathfinder Bancorp, Inc operates as a bank holding company for Pathfinder Bank that provides various banking and financial products and services in New York. The company's deposit products include checking, savings, and money market deposit accounts; certificates of deposit; and demand and time deposits.