Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Short Interest Update

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 5,800 shares, an increase of 23.4% from the February 13th total of 4,700 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are sold short.

Pathfinder Bancorp Trading Up 1.3 %

Shares of NASDAQ:PBHC opened at $16.81 on Thursday. The business has a 50-day moving average price of $16.78 and a 200-day moving average price of $16.90. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.33. The stock has a market cap of $79.34 million, a price-to-earnings ratio of 28.02 and a beta of 0.23. Pathfinder Bancorp has a 52-week low of $11.67 and a 52-week high of $19.86.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its quarterly earnings results on Friday, January 31st. The savings and loans company reported $0.69 earnings per share for the quarter. Pathfinder Bancorp had a return on equity of 3.07% and a net margin of 4.28%.

Pathfinder Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, January 17th. Pathfinder Bancorp’s dividend payout ratio is presently 66.67%.

Insider Activity at Pathfinder Bancorp

In other Pathfinder Bancorp news, SVP William D. O’brien sold 2,353 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $17.14, for a total value of $40,330.42. Following the completion of the sale, the senior vice president now owns 14,865 shares of the company’s stock, valued at approximately $254,786.10. This trade represents a 13.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ronald Tascarella sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $17.00, for a total value of $85,000.00. Following the completion of the sale, the insider now directly owns 48,609 shares of the company’s stock, valued at approximately $826,353. This represents a 9.33 % decrease in their position. 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 quarter. 22.40% of the stock is owned by corporate insiders.

Institutional Trading of Pathfinder Bancorp

A number of institutional investors have recently made changes to their positions in PBHC. Fourthstone LLC boosted its stake in shares of Pathfinder Bancorp by 69.2% in the third quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company’s stock worth $1,262,000 after acquiring an additional 32,604 shares during the last quarter. Northern Trust Corp purchased a new stake in Pathfinder Bancorp in the 4th quarter valued at $229,000. Inspire Investing LLC grew its holdings in Pathfinder Bancorp by 16.7% in the 4th quarter. Inspire Investing LLC now owns 58,960 shares of the savings and loans company’s stock valued at $1,006,000 after buying an additional 8,436 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Pathfinder Bancorp by 0.9% in the 4th quarter. Alliancebernstein L.P. now owns 288,511 shares of the savings and loans company’s stock valued at $5,049,000 after buying an additional 2,707 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Pathfinder Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 19,640 shares of the savings and loans company’s stock valued at $335,000 after buying an additional 1,032 shares in the last quarter. 26.73% of the stock is owned by institutional investors and hedge funds.

Pathfinder Bancorp Company Profile

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.