Pathfinder Bancorp (NASDAQ:PBHC) Share Price Crosses Below 200-Day Moving Average - Here's Why

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.92 and traded as low as $16.72. Pathfinder Bancorp shares last traded at $16.73, with a volume of 1,320 shares changing hands.

Pathfinder Bancorp Stock Down 6.0 %

The firm has a market cap of $72.78 million, a price-to-earnings ratio of 25.70 and a beta of 0.23. The firm has a fifty day simple moving average of $16.86 and a 200-day simple moving average of $16.92. 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 earnings results on Friday, January 31st. The savings and loans company reported $0.69 earnings per share (EPS) for the quarter. Pathfinder Bancorp had a net margin of 4.28% and a return on equity of 3.07%.

Insider Transactions at Pathfinder Bancorp

In related news, insider Ronald Tascarella sold 5,000 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $17.00, for a total value of $85,000.00. Following the transaction, the insider now directly owns 48,609 shares in the company, valued at approximately $826,353. This represents a 9.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William D. O'brien sold 2,353 shares of Pathfinder Bancorp stock in a transaction dated 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 owns 14,865 shares of the company's stock, valued at $254,786.10. This trade represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,556 shares of company stock worth $128,803 over the last quarter. Company insiders own 22.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp bought a new stake in shares of Pathfinder Bancorp in the fourth quarter valued at approximately $229,000. Fourthstone LLC lifted its position in shares of 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 during the period. Inspire Investing LLC grew its holdings 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 worth $1,006,000 after purchasing an additional 8,436 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Pathfinder Bancorp by 0.9% during the 4th quarter. Alliancebernstein L.P. now owns 288,511 shares of the savings and loans company's stock worth $5,049,000 after purchasing an additional 2,707 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of 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 worth $335,000 after purchasing an additional 1,032 shares during the period. 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.