Short Interest in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Decreases By 16.7%

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 3,500 shares, a decrease of 16.7% from the November 15th total of 4,200 shares. Approximately 0.1% of the company's stock are short sold. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is presently 0.8 days.

Insider Transactions at Pathfinder Bancorp

In other news, Director Eric Allyn sold 8,169 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 6,124 shares in the company, valued at $102,883.20. The trade was a 57.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel R. Phillips sold 4,900 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.63, for a total value of $76,587.00. Following the completion of the transaction, the senior vice president now directly owns 15,317 shares of the company's stock, valued at approximately $239,404.71. This represents a 24.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 22.40% of the company's stock.

Hedge Funds Weigh In On Pathfinder Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBHC. Inspire Investing LLC purchased a new stake in shares of Pathfinder Bancorp in the 3rd quarter worth about $807,000. Fourthstone LLC boosted its stake in 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 acquiring an additional 32,604 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew 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 worth $245,000 after purchasing an additional 1,941 shares during the period. Hedge funds and other institutional investors own 26.73% of the company's stock.

Pathfinder Bancorp Stock Performance

Shares of NASDAQ PBHC traded up $0.46 during mid-day trading on Friday, reaching $17.90. 1,231 shares of the company's stock were exchanged, compared to its average volume of 4,136. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.74 and a quick ratio of 0.74. Pathfinder Bancorp has a 52 week low of $11.41 and a 52 week high of $19.86. The firm has a market capitalization of $84.49 million, a price-to-earnings ratio of 55.94 and a beta of 0.23. The firm has a 50-day moving average price of $17.29 and a two-hundred day moving average price of $15.63.

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

Pathfinder Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.40 dividend on an annualized basis and a yield of 2.23%. Pathfinder Bancorp's dividend payout ratio (DPR) is 125.00%.

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.