Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Short Interest Update

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 5,000 shares, a drop of 13.8% from the February 28th total of 5,800 shares. Based on an average daily trading volume, of 5,500 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.2% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, insider Ronald Tascarella sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $17.00, for a total transaction of $85,000.00. Following the sale, the insider now owns 48,609 shares of the company’s stock, valued at $826,353. This trade represents a 9.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP William D. O’brien sold 2,353 shares of the company’s 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 transaction, the senior vice president now owns 14,865 shares of the company’s stock, valued at approximately $254,786.10. This trade represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,556 shares of company stock valued at $128,803. 22.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp purchased a new position in Pathfinder Bancorp during the fourth quarter worth approximately $229,000. Dimensional Fund Advisors LP increased its stake in shares of Pathfinder Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 19,640 shares of the savings and loans company’s stock worth $335,000 after acquiring an additional 1,032 shares during the last quarter. Inspire Investing LLC raised 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 acquiring an additional 8,436 shares during the period. Fourthstone LLC boosted 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 last quarter. Finally, Alliancebernstein L.P. increased its position in Pathfinder Bancorp by 0.9% during the fourth 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 during the last quarter. 26.73% of the stock is currently owned by institutional investors and hedge funds.

Pathfinder Bancorp Price Performance

Shares of PBHC stock traded up $0.41 on Wednesday, reaching $16.85. 835 shares of the company were exchanged, compared to its average volume of 4,964. The company has a market cap of $79.53 million, a price-to-earnings ratio of 28.08 and a beta of 0.23. Pathfinder Bancorp has a 1 year low of $11.81 and a 1 year high of $19.86. The business has a 50-day moving average price of $16.88 and a 200 day moving average price of $16.94. 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) last announced its earnings results on Friday, January 31st. The savings and loans company reported $0.69 EPS for the quarter. Pathfinder Bancorp had a return on equity of 3.07% and a net margin of 4.28%.

Pathfinder Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.40 dividend on an annualized basis and a yield of 2.37%. Pathfinder Bancorp’s payout ratio is presently 66.67%.

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.