Short Interest in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Decreases By 15.1%

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 4,847 shares, a drop of 15.1% from the February 12th total of 5,708 shares. Based on an average trading volume of 864 shares, the short-interest ratio is currently 5.6 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 864 shares, the short-interest ratio is currently 5.6 days.

Insiders Place Their Bets

In related news, Director Adam C. Gagas acquired 1,950 shares of the company’s stock in a transaction on Friday, February 13th. The stock was purchased at an average cost of $13.75 per share, with a total value of $26,812.50. Following the acquisition, the director directly owned 17,756 shares of the company’s stock, valued at approximately $244,145. The trade was a 12.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Pathfinder Bancorp

Hedge funds have recently made changes to their positions in the stock. Fourthstone LLC bought a new stake in shares of Pathfinder Bancorp during the 2nd quarter valued at approximately $1,229,000. Raymond James Financial Inc. bought a new position in Pathfinder Bancorp in the 2nd quarter valued at approximately $52,000. Osaic Holdings Inc. boosted its position in 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 valued at $537,000 after buying an additional 17,079 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in 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 valued at $6,992,000 after buying an additional 92,397 shares in the last quarter. 26.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Pathfinder Bancorp from a “hold (c)” rating to a “sell (d)” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Pathfinder Bancorp Stock Performance

NASDAQ PBHC opened at $13.44 on Monday. The firm’s 50 day simple moving average is $13.72 and its 200 day simple moving average is $14.42. The firm has a market capitalization of $64.38 million, a price-to-earnings ratio of -22.40 and a beta of 0.10. 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 1 year low of $12.06 and a 1 year high of $17.00.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its earnings results on Thursday, January 29th. The savings and loans company reported ($1.11) earnings per share for the quarter. Pathfinder Bancorp had a negative net margin of 4.16% and a negative return on equity of 2.73%. The business had revenue of $12.21 million during the quarter.

Pathfinder Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 16th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $0.40 annualized dividend and a yield of 3.0%. Pathfinder Bancorp’s payout ratio is presently -66.67%.

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.