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

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 5,000 shares, a drop of 13.8% from the February 28th total of 5,800 shares. Based on an average trading volume of 5,500 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the shares of the company are sold short.

Pathfinder Bancorp Stock Performance

Shares of PBHC stock traded down $0.83 during mid-day trading on Monday, hitting $15.52. The stock had a trading volume of 5,722 shares, compared to its average volume of 5,006. Pathfinder Bancorp has a fifty-two week low of $11.81 and a fifty-two week high of $19.86. 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 company's 50-day simple moving average is $16.86 and its 200-day simple moving average is $16.94. The firm has a market cap of $73.25 million, a PE ratio of 25.87 and a beta of 0.03.

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

Pathfinder Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, April 17th. Pathfinder Bancorp's dividend payout ratio (DPR) is 66.67%.

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Insider Transactions at Pathfinder Bancorp

In other Pathfinder Bancorp news, SVP William D. O'brien sold 2,353 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $17.14, for a total transaction of $40,330.42. Following the completion of the sale, the senior vice president now directly owns 14,865 shares of the company's stock, valued at $254,786.10. This represents a 13.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ronald Tascarella sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $17.00, for a total value of $85,000.00. Following the completion of the transaction, the insider now directly owns 48,609 shares in the company, valued at approximately $826,353. The trade was a 9.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,556 shares of company stock worth $128,803. Insiders own 22.40% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC grew its holdings in shares of 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 acquiring an additional 8,436 shares during the period. Northern Trust Corp acquired a new position in shares of Pathfinder Bancorp during the 4th quarter worth $229,000. Dimensional Fund Advisors LP boosted its position in shares of 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 in the last quarter. Fourthstone LLC grew 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 valued at $1,545,000 after acquiring an additional 8,579 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Pathfinder Bancorp by 0.9% during the 4th quarter. Alliancebernstein L.P. now owns 288,511 shares of the savings and loans company's stock worth $5,049,000 after purchasing an additional 2,707 shares in the last quarter. 26.73% of the stock is currently owned by institutional investors and hedge funds.

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.