Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,900 shares, a drop of 42.0% from the March 15th total of 5,000 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 5,700 shares, the days-to-cover ratio is presently 0.5 days.
Insider Activity at Pathfinder Bancorp
In other Pathfinder Bancorp news, SVP William D. O'brien sold 2,353 shares of the business'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 in the company, valued at approximately $254,786.10. The trade was a 13.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ronald Tascarella sold 5,000 shares of the firm'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 owns 48,609 shares in the company, valued at approximately $826,353. This trade represents a 9.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,556 shares of company stock valued at $128,803. 22.40% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Northern Trust Corp acquired a new stake in Pathfinder Bancorp during the fourth quarter worth about $229,000. FNY Investment Advisers LLC purchased a new stake in Pathfinder Bancorp in the first quarter valued at $256,000. Dimensional Fund Advisors LP lifted its position in Pathfinder Bancorp by 5.5% in the fourth 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 during the last quarter. Inspire Investing LLC raised its position in Pathfinder Bancorp by 16.7% in the fourth quarter. Inspire Investing LLC now owns 58,960 shares of the savings and loans company's stock valued at $1,006,000 after purchasing an additional 8,436 shares during the period. Finally, Fourthstone LLC lifted its stake in Pathfinder Bancorp by 10.8% during the fourth quarter. Fourthstone LLC now owns 88,300 shares of the savings and loans company's stock worth $1,545,000 after purchasing an additional 8,579 shares in the last quarter. Hedge funds and other institutional investors own 26.73% of the company's stock.
Pathfinder Bancorp Price Performance
Shares of NASDAQ PBHC traded up $0.08 during mid-day trading on Tuesday, reaching $15.58. The company's stock had a trading volume of 875 shares, compared to its average volume of 4,997. The stock has a 50-day moving average of $16.47 and a two-hundred day moving average of $16.89. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $74.22 million, a P/E ratio of 25.97 and a beta of 0.03. Pathfinder Bancorp has a 1-year low of $12.05 and a 1-year high of $19.86.
Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last released its quarterly earnings data 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 announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 18th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date of this dividend is Thursday, April 17th. Pathfinder Bancorp's dividend payout ratio (DPR) is presently 66.67%.
Pathfinder Bancorp Company Profile
(
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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.
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