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

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

Pathfinder Bancorp Stock Up 3.1 %

Shares of Pathfinder Bancorp stock opened at $16.30 on Friday. 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 company has a 50-day moving average of $17.29 and a 200 day moving average of $16.32. The firm has a market cap of $76.94 million, a price-to-earnings ratio of 50.94 and a beta of 0.22. Pathfinder Bancorp has a 1 year low of $11.41 and a 1 year high of $19.86.

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

Pathfinder Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.40 dividend on an annualized basis and a yield of 2.45%. Pathfinder Bancorp’s dividend payout ratio is currently 125.00%.

Insider Transactions at Pathfinder Bancorp

In related news, Director Eric Allyn sold 8,169 shares of the stock in a transaction dated Thursday, December 5th. The shares were 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 directly 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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 22.40% of the company’s stock.

Institutional Trading of Pathfinder Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of PBHC. Dimensional Fund Advisors LP increased its stake in Pathfinder Bancorp by 11.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,604 shares of the savings and loans company’s stock valued at $245,000 after purchasing an additional 1,941 shares in the last quarter. Inspire Investing LLC purchased a new position in Pathfinder Bancorp during the third quarter valued at approximately $807,000. Finally, Fourthstone LLC lifted its holdings 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 valued at $1,262,000 after purchasing an additional 32,604 shares in the last quarter. 26.73% of the stock is currently 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.