Pathfinder Bancorp, Inc. (NASDAQ:PBHC) to Issue $0.10 Quarterly Dividend

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) announced a quarterly dividend on Monday, March 31st, RTT News reports. Stockholders of record on Friday, April 18th will be given a dividend of 0.10 per share by the savings and loans company on Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 2.43%.

Pathfinder Bancorp has raised its dividend payment by an average of 12.6% per year over the last three years.

Pathfinder Bancorp Trading Up 6.6 %

PBHC traded up $1.02 during midday trading on Monday, reaching $16.44. 1,565 shares of the company were exchanged, compared to its average volume of 4,983. The stock has a market capitalization of $77.60 million, a P/E ratio of 27.40 and a beta of 0.23. The stock’s 50-day simple moving average is $16.86 and its 200 day simple moving average is $16.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.74. Pathfinder Bancorp has a one year low of $11.81 and a one year high of $19.86.

Pathfinder Bancorp (NASDAQ:PBHC) last issued 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 return on equity of 3.07% and a net margin of 4.28%.

Insider Transactions at Pathfinder Bancorp

In related news, SVP William D. O’brien sold 2,353 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $17.14, for a total transaction of $40,330.42. Following the sale, the senior vice president now owns 14,865 shares in the company, valued at approximately $254,786.10. This represents a 13.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ronald Tascarella sold 5,000 shares of the firm’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 value of $85,000.00. Following the completion of the transaction, the insider now owns 48,609 shares of the company’s stock, valued at approximately $826,353. This represents a 9.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,556 shares of company stock valued at $128,803 over the last 90 days. 22.40% of the stock is owned by corporate insiders.

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.