Pathfinder Bancorp (NASDAQ:PBHC) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Pathfinder Bancorp, Inc. (NASDAQ:PBHC)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.90 and traded as low as $13.86. Pathfinder Bancorp shares last traded at $14.40, with a volume of 3,380 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pathfinder Bancorp in a report on Monday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Pathfinder Bancorp Trading Down 0.8%

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50-day moving average is $14.73 and its two-hundred day moving average is $14.90. The company has a market cap of $69.03 million, a P/E ratio of 12.00 and a beta of 0.11.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its earnings results on Thursday, October 30th. The savings and loans company reported $0.10 earnings per share for the quarter. The business had revenue of $12.99 million during the quarter. Pathfinder Bancorp had a net margin of 9.09% and a return on equity of 6.37%.

Pathfinder Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 17th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, October 17th. Pathfinder Bancorp’s dividend payout ratio is 33.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PBHC. Raymond James Financial Inc. bought a new stake in shares of Pathfinder Bancorp during the 2nd quarter valued at about $52,000. Clark Capital Management Group Inc. bought a new position in shares of Pathfinder Bancorp in the 1st quarter worth approximately $280,000. Osaic Holdings Inc. boosted its holdings in shares of Pathfinder Bancorp by 102.1% in the second quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock worth $537,000 after buying an additional 17,079 shares during the last quarter. Fourthstone LLC bought a new stake in Pathfinder Bancorp during the second quarter valued at approximately $1,229,000. Finally, Alliancebernstein L.P. grew its position in Pathfinder Bancorp by 26.1% during the third quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock valued at $6,992,000 after buying an additional 92,397 shares during the period. 26.73% of the stock is owned by hedge funds and other 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.