James Dowd Purchases 1,400 Shares of Pathfinder Bancorp (NASDAQ:PBHC) Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) CEO James Dowd acquired 1,400 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average cost of $13.69 per share, for a total transaction of $19,166.00. Following the purchase, the chief executive officer directly owned 19,452 shares in the company, valued at approximately $266,297.88. The trade was a 7.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Pathfinder Bancorp Stock Performance

Shares of PBHC opened at $13.86 on Friday. The firm’s 50 day moving average is $13.54 and its 200-day moving average is $13.76. The stock has a market capitalization of $67.64 million, a P/E ratio of -22.00 and a beta of 0.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.73. Pathfinder Bancorp, Inc. has a 12-month low of $12.06 and a 12-month high of $15.96.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter. The company 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 17th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, April 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently -63.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Pathfinder Bancorp in the second quarter worth about $52,000. Osaic Holdings Inc. boosted its holdings in shares of Pathfinder Bancorp by 102.1% in the second quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock worth $537,000 after buying an additional 17,079 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Pathfinder Bancorp by 26.1% in the third quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after buying an additional 92,397 shares during the period. 26.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.