Pathfinder Bancorp (NASDAQ:PBHC) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.22 and traded as high as $16.64. Pathfinder Bancorp shares last traded at $15.97, with a volume of 10,780 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Pathfinder Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Pathfinder Bancorp Trading Down 0.1%

The firm’s 50-day moving average is $15.22 and its 200-day moving average is $14.16. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10. The firm has a market cap of $77.93 million, a price-to-earnings ratio of -25.35 and a beta of 0.14.

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

Pathfinder Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 17th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, July 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is currently -63.49%.

Hedge Funds Weigh In On Pathfinder Bancorp

Hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its stake in shares of Pathfinder Bancorp by 26.1% in the 3rd quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after buying an additional 92,397 shares during the last quarter. Osaic Holdings Inc. lifted its position in shares of Pathfinder Bancorp by 102.1% during the 2nd quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock valued at $537,000 after buying an additional 17,079 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Pathfinder Bancorp during the second quarter worth about $52,000. 26.73% of the stock is owned by hedge funds and other institutional investors.

About Pathfinder Bancorp

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.