Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Sees Large Growth in Short Interest

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 3,900 shares, a growth of 30.0% from the September 30th total of 3,000 shares. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the shares of the stock are sold short.

Insider Buying and Selling at Pathfinder Bancorp

In other news, SVP Daniel R. Phillips sold 4,900 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $15.63, for a total value of $76,587.00. Following the sale, the senior vice president now directly owns 15,317 shares of the company's stock, valued at approximately $239,404.71. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 22.40% of the company's stock.

Hedge Funds Weigh In On Pathfinder Bancorp

A hedge fund recently bought a new stake in Pathfinder Bancorp stock. Inspire Investing LLC bought a new position in Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 50,524 shares of the savings and loans company's stock, valued at approximately $807,000. Inspire Investing LLC owned approximately 1.07% of Pathfinder Bancorp as of its most recent filing with the Securities & Exchange Commission. 26.73% of the stock is currently owned by institutional investors and hedge funds.

Pathfinder Bancorp Price Performance

Shares of PBHC stock traded down $0.68 on Tuesday, reaching $17.42. The company's stock had a trading volume of 338 shares, compared to its average volume of 4,055. Pathfinder Bancorp has a 12-month low of $11.41 and a 12-month high of $19.86. The stock's 50 day simple moving average is $16.24 and its 200-day simple moving average is $14.43. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $82.22 million, a P/E ratio of 12.75 and a beta of 0.25.

Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $10.69 million during the quarter. Pathfinder Bancorp had a return on equity of 7.34% and a net margin of 11.16%.

Pathfinder Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.40 annualized dividend and a yield of 2.30%. Pathfinder Bancorp's payout ratio is presently 28.17%.

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.