Pathfinder Bancorp (NASDAQ:PBHC) CEO James Dowd Purchases 1,400 Shares

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) CEO James Dowd acquired 1,400 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average price of $13.69 per share, with a total value of $19,166.00. Following the purchase, the chief executive officer directly owned 19,452 shares in the company, valued at approximately $266,297.88. This trade represents a 7.76% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Pathfinder Bancorp Stock Up 1.5%

Shares of PBHC traded up $0.21 during midday trading on Thursday, hitting $13.86. The company had a trading volume of 1,185 shares, compared to its average volume of 3,804. The company’s 50-day simple moving average is $13.51 and its 200-day simple moving average is $13.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.73 and a current ratio of 0.74. The firm has a market capitalization of $67.64 million, a P/E ratio of -22.00 and a beta of 0.17. Pathfinder Bancorp, Inc. has a 1 year low of $12.06 and a 1 year high of $15.96.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $11.49 million during the quarter. Pathfinder Bancorp had a negative return on equity of 3.20% and a negative net margin of 4.96%.

Pathfinder Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 17th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, April 17th. Pathfinder Bancorp’s dividend payout ratio is currently -63.49%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pathfinder Bancorp in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Pathfinder Bancorp currently has a consensus rating of “Sell”.

Institutional Trading of Pathfinder Bancorp

A number of institutional investors have recently modified their holdings of PBHC. Raymond James Financial Inc. purchased a new stake in shares of Pathfinder Bancorp in the second quarter valued at approximately $52,000. Osaic Holdings Inc. raised its holdings in 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 purchasing an additional 17,079 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Pathfinder Bancorp by 26.1% during the third 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 during the last quarter. 26.73% of the stock is currently owned by hedge funds and other institutional investors.

Pathfinder Bancorp Company Profile

Pathfinder Bancorp, Inc is a bank holding company headquartered in northeastern Pennsylvania that operates primarily through its subsidiary, Pathfinder Bank. The company offers a broad range of commercial and consumer banking solutions, including checking and savings accounts, time deposits, certificates of deposit, and retirement accounts. Through its branch network, Pathfinder Bancorp serves individuals, small businesses, and community organizations across its local market.

In addition to traditional deposit products, Pathfinder Bancorp provides a variety of lending services such as commercial real estate loans, construction and land development financing, agricultural credits, equipment loans, and consumer installment loans.