Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Declares $0.10 Quarterly Dividend

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) declared a quarterly dividend on Monday, March 31st, RTT News reports. Stockholders of record on Friday, April 18th will be paid a dividend of 0.10 per share by the savings and loans company on Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 2.43%.

Pathfinder Bancorp has increased its dividend by an average of 12.6% per year over the last three years.

Pathfinder Bancorp Price Performance

Shares of NASDAQ PBHC opened at $16.44 on Tuesday. The company has a 50 day moving average of $16.86 and a 200 day moving average of $16.93. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.33. Pathfinder Bancorp has a twelve month low of $11.81 and a twelve month high of $19.86. The firm has a market cap of $77.60 million, a P/E ratio of 27.40 and a beta of 0.23.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its quarterly 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 return on equity of 3.07% and a net margin of 4.28%.

Insiders Place Their Bets

In other Pathfinder Bancorp news, SVP William D. O’brien sold 2,353 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $17.14, for a total value of $40,330.42. Following the completion of the transaction, the senior vice president now directly owns 14,865 shares in the company, valued at $254,786.10. This represents a 13.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $85,000.00. Following the completion of the sale, the insider now directly owns 48,609 shares of the company’s stock, valued at approximately $826,353. This trade represents a 9.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,556 shares of company stock valued at $128,803. Insiders own 22.40% of the company’s stock.

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.