Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Short Interest Down 18.4% in December

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 3,100 shares, a decrease of 18.4% from the December 15th total of 3,800 shares. Based on an average trading volume of 5,700 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company's stock are short sold.

Pathfinder Bancorp Stock Performance

Shares of Pathfinder Bancorp stock traded up $0.28 during mid-day trading on Friday, hitting $16.09. 1,466 shares of the stock were exchanged, compared to its average volume of 6,045. Pathfinder Bancorp has a 12 month low of $11.41 and a 12 month high of $19.86. The company has a 50-day simple moving average of $17.29 and a 200 day simple moving average of $16.32. The company has a market capitalization of $75.92 million, a P/E ratio of 50.27 and a beta of 0.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.74.

Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The savings and loans company reported ($0.75) EPS for the quarter. Pathfinder Bancorp had a net margin of 2.42% and a return on equity of 1.65%. The firm had revenue of $13.44 million during the quarter.

Pathfinder Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, January 17th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, January 17th. This represents a $0.40 annualized dividend and a yield of 2.49%. Pathfinder Bancorp's dividend payout ratio is currently 125.00%.

Insider Buying and Selling

In other Pathfinder Bancorp news, Director Eric Allyn sold 8,169 shares of the company's 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 transaction, the director now owns 6,124 shares in the company, valued at approximately $102,883.20. This represents a 57.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 22.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PBHC. Inspire Investing LLC purchased a new stake in Pathfinder Bancorp in the third quarter valued at approximately $807,000. Fourthstone LLC grew its stake in Pathfinder Bancorp by 69.2% in the 3rd quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company's stock worth $1,262,000 after buying an additional 32,604 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Pathfinder Bancorp by 11.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,604 shares of the savings and loans company's stock worth $245,000 after buying an additional 1,941 shares during the last quarter. 26.73% of the stock is owned by institutional investors.

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.