Pathfinder Bancorp, Inc. (NASDAQ:PBHC) to Issue Dividend Increase – $0.10 Per Share

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) declared a quarterly dividend on Monday, April 1st, Zacks reports. Investors of record on Friday, April 19th will be given a dividend of 0.10 per share by the savings and loans company on Friday, May 10th. This represents a $0.40 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Thursday, April 18th. This is a boost from Pathfinder Bancorp’s previous quarterly dividend of $0.09.

Pathfinder Bancorp has increased its dividend by an average of 14.5% annually over the last three years and has raised its dividend every year for the last 1 years.

Pathfinder Bancorp Price Performance

Shares of NASDAQ PBHC opened at $11.94 on Wednesday. Pathfinder Bancorp has a 52 week low of $11.41 and a 52 week high of $16.49. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.42. The firm has a market cap of $56.36 million, a P/E ratio of 7.91 and a beta of 0.15. The business’s 50 day moving average price is $12.10 and its 200 day moving average price is $12.94.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its quarterly earnings results on Thursday, February 1st. The savings and loans company reported $0.41 earnings per share for the quarter. The company had revenue of $10.48 million for the quarter. Pathfinder Bancorp had a return on equity of 8.05% and a net margin of 12.76%.

Wall Street Analyst Weigh In

Separately, TheStreet lowered shares of Pathfinder Bancorp from a “b-” rating to a “c+” rating in a report on Wednesday, February 21st.

Insider Buying and Selling at Pathfinder Bancorp

In related news, SVP Robert G. Jr. Butkowski purchased 3,500 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was acquired at an average cost of $11.95 per share, for a total transaction of $41,825.00. Following the completion of the transaction, the senior vice president now directly owns 14,291 shares of the company’s stock, valued at $170,777.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders acquired 6,200 shares of company stock worth $73,504. Insiders own 24.00% of the company’s stock.

Institutional Trading of Pathfinder Bancorp

Several hedge funds have recently made changes to their positions in PBHC. Dimensional Fund Advisors LP increased its stake in Pathfinder Bancorp by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 16,382 shares of the savings and loans company’s stock worth $333,000 after buying an additional 746 shares during the period. BlackRock Inc. boosted its holdings in Pathfinder Bancorp by 9.9% in the second quarter. BlackRock Inc. now owns 9,701 shares of the savings and loans company’s stock valued at $135,000 after purchasing an additional 874 shares during the period. Alliancebernstein L.P. boosted its holdings in Pathfinder Bancorp by 3.1% in the third quarter. Alliancebernstein L.P. now owns 37,924 shares of the savings and loans company’s stock valued at $771,000 after purchasing an additional 1,138 shares during the period. Creative Planning acquired a new position in Pathfinder Bancorp during the 3rd quarter worth $28,000. Finally, Vanguard Group Inc. raised its position in Pathfinder Bancorp by 7.9% in the 3rd quarter. Vanguard Group Inc. now owns 37,290 shares of the savings and loans company’s stock valued at $493,000 after purchasing an additional 2,735 shares in the last quarter. Hedge funds and other institutional investors own 26.73% of the company’s stock.

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.