Pathfinder Bancorp (NASDAQ:PBHC) VP Acquires $15,880.00 in Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) VP Joseph Polniak acquired 1,000 shares of Pathfinder Bancorp stock in a transaction that occurred on Monday, June 15th. The shares were purchased at an average cost of $15.88 per share, for a total transaction of $15,880.00. Following the purchase, the vice president directly owned 9,000 shares of the company’s stock, valued at approximately $142,920. This trade represents a 12.50% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Pathfinder Bancorp Trading Up 6.1%

Shares of PBHC traded up $0.93 on Tuesday, hitting $16.15. 9,613 shares of the stock traded hands, compared to its average volume of 4,731. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $78.83 million, a P/E ratio of -25.28 and a beta of 0.17. The stock’s 50 day moving average is $13.77 and its two-hundred day moving average is $13.77. Pathfinder Bancorp, Inc. has a 1 year low of $12.06 and a 1 year high of $16.88.

Pathfinder Bancorp (NASDAQ:PBHC) last posted its quarterly earnings results on Wednesday, April 29th. The savings and loans company reported $0.38 EPS for the quarter. The company had revenue of $11.49 million during the quarter. Pathfinder Bancorp had a negative return on equity of 3.20% and a negative net margin of 4.96%.

Pathfinder Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 17th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, April 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is -63.49%.

Hedge Funds Weigh In On Pathfinder Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Pathfinder Bancorp during the 2nd quarter worth approximately $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 stake in shares of Pathfinder Bancorp by 26.1% during the 3rd quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock valued at $6,992,000 after buying an additional 92,397 shares during the period. 26.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pathfinder Bancorp in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Pathfinder Bancorp presently has an average 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.