Short Interest in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Grows By 30.6%

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 4,700 shares, an increase of 30.6% from the January 31st total of 3,600 shares. Based on an average daily trading volume, of 6,400 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are sold short.

Pathfinder Bancorp Stock Performance

PBHC stock traded down $0.17 during midday trading on Tuesday, reaching $17.04. 1,339 shares of the company’s stock traded hands, compared to its average volume of 8,422. Pathfinder Bancorp has a 52-week low of $11.41 and a 52-week high of $19.86. The stock has a market cap of $80.43 million, a P/E ratio of 28.40 and a beta of 0.22. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average is $16.90 and its 200 day moving average is $16.83.

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

Pathfinder Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were paid a $0.10 dividend. The ex-dividend date was Friday, January 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.35%. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently 66.67%.

Insider Transactions at Pathfinder Bancorp

In other news, Director Eric Allyn sold 8,169 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 6,124 shares of the company’s stock, valued at $102,883.20. The trade was a 57.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ronald Tascarella sold 5,000 shares of the business’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 transaction of $85,000.00. Following the transaction, the insider now directly owns 48,609 shares of the company’s stock, valued at $826,353. The trade was a 9.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,725 shares of company stock worth $266,042. Corporate insiders own 22.40% of the company’s stock.

Institutional Trading of Pathfinder Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp bought a new position in shares of Pathfinder Bancorp during the fourth quarter worth $229,000. Dimensional Fund Advisors LP boosted its position in shares of Pathfinder Bancorp by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 19,640 shares of the savings and loans company’s stock worth $335,000 after acquiring an additional 1,032 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Pathfinder Bancorp by 16.7% during the fourth quarter. Inspire Investing LLC now owns 58,960 shares of the savings and loans company’s stock worth $1,006,000 after acquiring an additional 8,436 shares during the last quarter. Fourthstone LLC boosted its position in shares of Pathfinder Bancorp by 69.2% during the third 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. Finally, Alliancebernstein L.P. boosted its position in shares of Pathfinder Bancorp by 0.9% during the fourth quarter. Alliancebernstein L.P. now owns 288,511 shares of the savings and loans company’s stock worth $5,049,000 after acquiring an additional 2,707 shares during the last quarter. 26.73% of the stock is owned by hedge funds and other institutional investors.

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.