Pathfinder Bancorp (NASDAQ:PBHC) VP Joseph Polniak Purchases 1,000 Shares

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) VP Joseph Polniak purchased 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of $15.88 per share, for a total transaction of $15,880.00. Following the completion of the transaction, the vice president owned 9,000 shares in the company, valued at approximately $142,920. This trade represents a 12.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Pathfinder Bancorp Price Performance

NASDAQ:PBHC opened at $15.87 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.73. The stock has a market cap of $77.42 million, a P/E ratio of -25.18 and a beta of 0.17. The company has a fifty day moving average price of $13.82 and a 200 day moving average price of $13.79. Pathfinder Bancorp, Inc. has a one year low of $12.06 and a one year high of $16.88.

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

Pathfinder Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 17th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, April 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is currently -63.49%.

Institutional Trading of Pathfinder Bancorp

A number of large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Pathfinder Bancorp during the 2nd quarter worth about $52,000. Osaic Holdings Inc. lifted its stake in Pathfinder Bancorp by 102.1% in the 2nd quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock valued at $537,000 after purchasing an additional 17,079 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in 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 valued at $6,992,000 after purchasing an additional 92,397 shares during the last quarter. Institutional investors and hedge funds own 26.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.