Pathfinder Bancorp (NASDAQ:PBHC) Shares Cross Below 200-Day Moving Average of $12.99

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.99 and traded as low as $12.15. Pathfinder Bancorp shares last traded at $12.58, with a volume of 1,000 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut shares of Pathfinder Bancorp from a “b-” rating to a “c+” rating in a research report on Wednesday, February 21st.

Pathfinder Bancorp Price Performance

The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $59.35 million, a PE ratio of 8.33 and a beta of 0.15. The stock’s 50-day moving average is $12.18 and its two-hundred day moving average is $12.99.

Pathfinder Bancorp (NASDAQ:PBHC) last posted its quarterly earnings data on Thursday, February 1st. The savings and loans company reported $0.41 earnings per share for the quarter. Pathfinder Bancorp had a net margin of 12.76% and a return on equity of 8.05%. The company had revenue of $10.48 million for the quarter.

Pathfinder Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 19th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, April 18th. This is a positive change from Pathfinder Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.18%. Pathfinder Bancorp’s dividend payout ratio (DPR) is 23.84%.

Insider Transactions at Pathfinder Bancorp

In other Pathfinder Bancorp news, SVP Robert G. Jr. Butkowski acquired 3,500 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were purchased at an average cost of $11.95 per share, for a total transaction of $41,825.00. Following the completion of the purchase, the senior vice president now owns 14,291 shares in the company, valued at $170,777.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have purchased 6,200 shares of company stock valued at $73,504. 24.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Pathfinder Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. boosted its stake in Pathfinder Bancorp by 32.9% in the second quarter. Alliancebernstein L.P. now owns 161,871 shares of the savings and loans company’s stock valued at $2,256,000 after acquiring an additional 40,089 shares in the last quarter. Vanguard Group Inc. boosted its stake in Pathfinder Bancorp by 7.9% in the third quarter. Vanguard Group Inc. now owns 37,290 shares of the savings and loans company’s stock valued at $493,000 after acquiring an additional 2,735 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in Pathfinder Bancorp by 68.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 18,313 shares of the savings and loans company’s stock valued at $351,000 after acquiring an additional 7,463 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Pathfinder Bancorp by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 16,382 shares of the savings and loans company’s stock valued at $333,000 after acquiring an additional 746 shares in the last quarter. Finally, Northern Trust Corp acquired a new stake in Pathfinder Bancorp in the fourth quarter valued at approximately $167,000. 26.73% of the stock is currently owned by 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.