Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Insider Sells $85,000.00 in Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) insider Ronald Tascarella sold 5,000 shares of the stock in a transaction 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 transaction, the insider now owns 48,609 shares of the company’s stock, valued at $826,353. This represents a 9.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Pathfinder Bancorp Stock Performance

Pathfinder Bancorp stock opened at $17.10 on Wednesday. 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 stock has a fifty day moving average price of $16.93 and a two-hundred day moving average price of $16.79. Pathfinder Bancorp, Inc. has a 52-week low of $11.41 and a 52-week high of $19.86. The firm has a market capitalization of $80.71 million, a P/E ratio of 28.50 and a beta of 0.22.

Pathfinder Bancorp (NASDAQ:PBHC) last released its quarterly earnings data on Friday, January 31st. The savings and loans company reported $0.69 earnings per share (EPS) for the quarter. Pathfinder Bancorp had a return on equity of 3.07% and a net margin of 4.28%.

Pathfinder Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 17th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.34%. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently 66.67%.

Institutional Trading of Pathfinder Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fourthstone LLC increased its stake in shares of Pathfinder Bancorp by 69.2% in the third quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company’s stock valued at $1,262,000 after buying an additional 32,604 shares in the last quarter. Inspire Investing LLC increased its stake in shares of Pathfinder Bancorp by 16.7% in the fourth 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 in the last quarter. Northern Trust Corp acquired a new stake in shares of Pathfinder Bancorp in the fourth quarter valued at $229,000. Dimensional Fund Advisors LP increased its stake 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 valued at $335,000 after buying an additional 1,032 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Pathfinder Bancorp by 0.9% in 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 buying an additional 2,707 shares in the last quarter. 26.73% of the stock is currently owned by institutional investors and hedge funds.

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.