Short Interest in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Grows By 30.6%

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 4,700 shares, a growth of 30.6% from the January 31st total of 3,600 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 6,400 shares, the days-to-cover ratio is presently 0.7 days.

Pathfinder Bancorp Trading Down 1.0 %

Shares of PBHC traded down $0.17 during midday trading on Tuesday, hitting $17.04. The stock had a trading volume of 1,339 shares, compared to its average volume of 8,422. Pathfinder Bancorp has a 1 year low of $11.41 and a 1 year high of $19.86. The firm has a market cap of $80.43 million, a PE ratio of 28.40 and a beta of 0.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.74 and a quick ratio of 0.74. The stock’s 50 day moving average is $16.90 and its 200 day moving average is $16.83.

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

Pathfinder Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.35%. The ex-dividend date was Friday, January 17th. Pathfinder Bancorp’s dividend payout ratio is presently 66.67%.

Insider Buying and Selling at Pathfinder Bancorp

In other news, SVP William D. O’brien sold 2,353 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $17.14, for a total value of $40,330.42. Following the sale, the senior vice president now owns 14,865 shares of the company’s stock, valued at approximately $254,786.10. This represents a 13.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eric Allyn sold 8,169 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $16.80, for a total transaction of $137,239.20. Following the completion of the sale, the director now directly owns 6,124 shares in the company, valued at approximately $102,883.20. This represents a 57.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,725 shares of company stock worth $266,042 over the last 90 days. 22.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake 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 worth $335,000 after buying an additional 1,032 shares during the period. Alliancebernstein L.P. increased its stake 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 worth $5,049,000 after buying an additional 2,707 shares during the period. Inspire Investing LLC increased its stake 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 worth $1,006,000 after buying an additional 8,436 shares during the period. Fourthstone LLC increased its stake in Pathfinder Bancorp by 10.8% in the 4th quarter. Fourthstone LLC now owns 88,300 shares of the savings and loans company’s stock worth $1,545,000 after buying an additional 8,579 shares during the period. Finally, Northern Trust Corp purchased a new position in Pathfinder Bancorp during the 4th quarter valued at about $229,000. Hedge funds and other institutional investors own 26.73% of the company’s stock.

About Pathfinder Bancorp

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.