Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Sees Large Decrease in Short Interest

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 3,100 shares, a drop of 18.4% from the December 31st total of 3,800 shares. Based on an average daily volume of 5,700 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Pathfinder Bancorp Trading Up 2.1 %

PBHC stock traded up $0.35 during mid-day trading on Thursday, reaching $16.65. The company’s stock had a trading volume of 4,136 shares, compared to its average volume of 9,367. The company has a market cap of $78.56 million, a price-to-earnings ratio of 51.52 and a beta of 0.22. Pathfinder Bancorp has a 12 month low of $11.41 and a 12 month high of $19.86. The business’s 50 day moving average price is $17.09 and its 200 day moving average price is $16.56. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33.

Pathfinder Bancorp (NASDAQ:PBHC) last posted its earnings results on Wednesday, October 30th. The savings and loans company reported ($0.75) earnings per share for the quarter. Pathfinder Bancorp had a return on equity of 1.65% and a net margin of 2.42%. The business had revenue of $13.44 million during the quarter.

Pathfinder Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, January 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is currently 125.00%.

Insider Activity

In other news, Director Eric Allyn sold 8,169 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $16.80, for a total transaction of $137,239.20. Following the completion of the sale, the director now owns 6,124 shares in the company, valued at approximately $102,883.20. This trade represents a 57.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 22.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pathfinder Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in PBHC. Dimensional Fund Advisors LP lifted its position in Pathfinder Bancorp by 11.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,604 shares of the savings and loans company’s stock valued at $245,000 after acquiring an additional 1,941 shares during the period. Inspire Investing LLC bought a new stake in shares of Pathfinder Bancorp during the 3rd quarter valued at about $807,000. Finally, Fourthstone LLC boosted its stake in shares of Pathfinder Bancorp by 69.2% during the 3rd quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company’s stock worth $1,262,000 after acquiring an additional 32,604 shares during the last quarter. Institutional investors own 26.73% of the company’s stock.

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.