Pathfinder Bancorp (NASDAQ:PBHC) Issues Earnings Results

Pathfinder Bancorp (NASDAQ:PBHC) posted its quarterly earnings data on Thursday. The savings and loans company reported ($1.11) earnings per share for the quarter, Zacks reports. Pathfinder Bancorp had a return on equity of 6.37% and a net margin of 9.09%.

Pathfinder Bancorp Price Performance

PBHC stock traded down $0.01 during mid-day trading on Thursday, hitting $14.24. The stock had a trading volume of 179 shares, compared to its average volume of 1,031. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.15. Pathfinder Bancorp has a 52 week low of $13.35 and a 52 week high of $17.50. The firm has a market capitalization of $68.21 million, a P/E ratio of 11.87 and a beta of 0.11. The firm has a fifty day simple moving average of $14.20 and a 200 day simple moving average of $14.72.

Pathfinder Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, January 16th. Pathfinder Bancorp’s dividend payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pathfinder Bancorp in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Pathfinder Bancorp currently has an average rating of “Hold”.

Institutional Trading of Pathfinder Bancorp

Several large investors have recently bought and sold shares of the business. Alliancebernstein L.P. raised its stake in Pathfinder Bancorp by 26.1% during the third quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after acquiring an additional 92,397 shares in the last quarter. Osaic Holdings Inc. grew its holdings 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 purchasing an additional 17,079 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Pathfinder Bancorp during the 2nd quarter worth approximately $52,000. 26.73% of the stock is owned by institutional investors and hedge funds.

Pathfinder Bancorp Company Profile

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.