Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Insider Sells $85,000.00 in Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) insider Ronald Tascarella sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $17.00, for a total value of $85,000.00. Following the completion of the transaction, the insider now directly owns 48,609 shares of the company’s stock, valued at $826,353. This trade represents a 9.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Pathfinder Bancorp Stock Performance

Shares of PBHC opened at $17.25 on Tuesday. The stock has a 50 day moving average price of $16.93 and a 200 day moving average price of $16.78. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $81.42 million, a price-to-earnings ratio of 28.75 and a beta of 0.22. Pathfinder Bancorp, Inc. has a 52-week low of $11.41 and a 52-week high of $19.86.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its quarterly earnings results on Friday, January 31st. The savings and loans company reported $0.69 earnings per share (EPS) for the quarter. Pathfinder Bancorp had a return on equity of 3.07% and a net margin of 4.28%.

Pathfinder Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Friday, January 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is 66.67%.

Institutional Investors Weigh In On Pathfinder Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp purchased a new stake in Pathfinder Bancorp in the fourth quarter valued at approximately $229,000. Dimensional Fund Advisors LP lifted its stake in Pathfinder Bancorp by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 19,640 shares of the savings and loans company’s stock valued at $335,000 after buying an additional 1,032 shares during the last quarter. Inspire Investing LLC lifted its stake in Pathfinder Bancorp by 16.7% in the fourth quarter. Inspire Investing LLC now owns 58,960 shares of the savings and loans company’s stock valued at $1,006,000 after buying an additional 8,436 shares during the last quarter. Fourthstone LLC lifted its stake in Pathfinder Bancorp by 69.2% in the third quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company’s stock valued at $1,262,000 after buying an additional 32,604 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Pathfinder Bancorp by 0.9% in the fourth quarter. Alliancebernstein L.P. now owns 288,511 shares of the savings and loans company’s stock valued at $5,049,000 after buying an additional 2,707 shares during the last quarter. Hedge funds and other institutional investors own 26.73% of the company’s stock.

About Pathfinder Bancorp

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.