Short Interest in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Expands By 23.4%

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 5,800 shares, a growth of 23.4% from the February 13th total of 4,700 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 6,200 shares, the short-interest ratio is currently 0.9 days.

Pathfinder Bancorp Stock Performance

Shares of PBHC traded up $0.35 during trading hours on Friday, reaching $17.00. 4,648 shares of the company's stock traded hands, compared to its average volume of 4,956. Pathfinder Bancorp has a twelve month low of $11.67 and a twelve month high of $19.86. The business's fifty day simple moving average is $16.79 and its two-hundred day simple moving average is $16.90. 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 firm has a market capitalization of $80.24 million, a price-to-earnings ratio of 28.33 and a beta of 0.23.

Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last released its 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $0.40 annualized dividend and a dividend yield of 2.35%. Pathfinder Bancorp's dividend payout ratio (DPR) is 66.67%.

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Insiders Place Their Bets

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

Institutional Trading of Pathfinder Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp acquired a new stake in shares of Pathfinder Bancorp during the fourth quarter worth $229,000. Dimensional Fund Advisors LP boosted its position in Pathfinder Bancorp by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 19,640 shares of the savings and loans company's stock worth $335,000 after acquiring an additional 1,032 shares during the period. Fourthstone LLC grew its stake in Pathfinder Bancorp by 10.8% during 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 in the last quarter. Alliancebernstein L.P. grew its position in Pathfinder Bancorp by 0.9% during the fourth quarter. Alliancebernstein L.P. now owns 288,511 shares of the savings and loans company's stock valued at $5,049,000 after purchasing an additional 2,707 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of Pathfinder Bancorp by 16.7% during the 4th quarter. Inspire Investing LLC now owns 58,960 shares of the savings and loans company's stock valued at $1,006,000 after buying an additional 8,436 shares during the period. 26.73% of the stock is currently owned by institutional investors.

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.