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

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 3,100 shares, a drop of 18.4% from the December 31st total of 3,800 shares. Based on an average daily trading volume, of 5,700 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company's shares are short sold.

Pathfinder Bancorp Stock Performance

Pathfinder Bancorp stock traded up $0.02 during midday trading on Monday, hitting $16.70. 6,050 shares of the company were exchanged, compared to its average volume of 10,549. The business has a fifty day simple moving average of $17.04 and a two-hundred day simple moving average of $16.62. 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 firm has a market capitalization of $78.82 million, a PE ratio of 27.83 and a beta of 0.22. Pathfinder Bancorp has a fifty-two week low of $11.41 and a fifty-two week high of $19.86.

Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last posted its earnings results on Friday, January 31st. The savings and loans company reported $0.69 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, February 7th. Stockholders of record on Friday, January 17th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.40 annualized dividend and a dividend yield of 2.40%. Pathfinder Bancorp's dividend payout ratio is currently 66.67%.

Insider Buying and Selling

In related news, Director Eric Allyn sold 8,169 shares of the firm's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $16.80, for a total value of $137,239.20. Following the completion of the transaction, the director now owns 6,124 shares in the company, valued at $102,883.20. This trade represents a 57.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 22.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Inspire Investing LLC increased its position 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 valued at $1,006,000 after purchasing an additional 8,436 shares during the last quarter. Fourthstone LLC grew its stake in shares of Pathfinder Bancorp by 69.2% during the third quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company's stock worth $1,262,000 after purchasing an additional 32,604 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Pathfinder Bancorp by 11.6% in the second quarter. Dimensional Fund Advisors LP now owns 18,604 shares of the savings and loans company's stock valued at $245,000 after buying an additional 1,941 shares during the last quarter. Institutional investors and hedge funds own 26.73% of the company's stock.

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.