Pathfinder Bancorp (NASDAQ:PBHC) Shares Cross Below Two Hundred Day Moving Average of $12.93

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 $12.93 and traded as low as $12.01. Pathfinder Bancorp shares last traded at $12.01, with a volume of 2,575 shares changing hands.

Analyst Upgrades and Downgrades

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

Pathfinder Bancorp Stock Down 1.1 %

The firm has a 50-day simple moving average of $12.10 and a 200 day simple moving average of $12.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $56.69 million, a PE ratio of 7.95 and a beta of 0.15.

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

Pathfinder Bancorp Increases Dividend

The firm 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.33%. This is a positive change from Pathfinder Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, April 18th. Pathfinder Bancorp’s payout ratio is presently 23.84%.

Insider Transactions at Pathfinder Bancorp

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

Institutional Trading of Pathfinder Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of PBHC. Creative Planning bought a new stake in Pathfinder Bancorp in the third quarter valued at about $28,000. BlackRock Inc. increased its holdings in Pathfinder Bancorp by 9.9% in the second quarter. BlackRock Inc. now owns 9,701 shares of the savings and loans company’s stock valued at $135,000 after buying an additional 874 shares during the last quarter. Northern Trust Corp bought a new stake in Pathfinder Bancorp in the fourth quarter valued at about $167,000. Dimensional Fund Advisors LP increased its holdings 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 buying an additional 746 shares during the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings 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 buying an additional 7,463 shares during the last quarter. 26.73% of the stock is 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.