Pathfinder Bancorp (NASDAQ:PBHC) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Pathfinder Bancorp, Inc. (NASDAQ:PBHC)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.74 and traded as low as $13.84. Pathfinder Bancorp shares last traded at $14.2140, with a volume of 1,078 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Pathfinder Bancorp in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Pathfinder Bancorp Trading Up 0.5%

The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $14.25 and a two-hundred day moving average price of $14.74. The firm has a market capitalization of $68.09 million, a price-to-earnings ratio of 11.85 and a beta of 0.11.

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

Pathfinder Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, January 16th. Pathfinder Bancorp’s payout ratio is currently 33.33%.

Institutional Investors Weigh In On Pathfinder Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Pathfinder Bancorp during the second quarter worth about $52,000. Osaic Holdings Inc. grew its stake in shares of Pathfinder Bancorp by 102.1% in the 2nd quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock valued at $537,000 after buying an additional 17,079 shares during the period. Fourthstone LLC acquired a new stake in shares of Pathfinder Bancorp during the 2nd quarter worth approximately $1,229,000. Finally, Alliancebernstein L.P. raised its position in shares of Pathfinder Bancorp by 26.1% during the 3rd 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 currently owned by institutional investors and hedge funds.

Pathfinder Bancorp Company Profile

Pathfinder Bancorp, Inc is a bank holding company headquartered in northeastern Pennsylvania that operates primarily through its subsidiary, Pathfinder Bank. The company offers a broad range of commercial and consumer banking solutions, including checking and savings accounts, time deposits, certificates of deposit, and retirement accounts. Through its branch network, Pathfinder Bancorp serves individuals, small businesses, and community organizations across its local market.

In addition to traditional deposit products, Pathfinder Bancorp provides a variety of lending services such as commercial real estate loans, construction and land development financing, agricultural credits, equipment loans, and consumer installment loans.