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

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 5,708 shares, a decrease of 27.5% from the January 29th total of 7,876 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 4,348 shares, the days-to-cover ratio is currently 1.3 days. Based on an average trading volume of 4,348 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.2% of the shares of the company are sold short.

Insider Transactions at Pathfinder Bancorp

In other Pathfinder Bancorp news, Director Adam C. Gagas bought 1,950 shares of the business’s stock in a transaction on Friday, February 13th. The shares were purchased at an average price of $13.75 per share, with a total value of $26,812.50. Following the completion of the acquisition, the director directly owned 17,756 shares of the company’s stock, valued at approximately $244,145. The trade was a 12.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 15.40% of the stock is owned by corporate insiders.

Institutional Trading of Pathfinder Bancorp

Several hedge funds have recently added to or reduced their stakes in PBHC. Alliancebernstein L.P. grew its stake in shares of Pathfinder Bancorp by 26.1% in the third quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after purchasing an additional 92,397 shares in the last quarter. Osaic Holdings Inc. raised its stake in shares of Pathfinder Bancorp by 102.1% during the second quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock valued at $537,000 after purchasing an additional 17,079 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Pathfinder Bancorp in the second quarter worth about $52,000. Finally, Fourthstone LLC acquired a new stake in Pathfinder Bancorp in the second quarter worth about $1,229,000. Institutional investors own 26.73% of the company’s stock.

Pathfinder Bancorp Stock Down 2.7%

PBHC stock opened at $13.13 on Friday. The stock has a market cap of $62.89 million, a PE ratio of -21.88 and a beta of 0.12. The firm’s 50-day simple moving average is $13.79 and its 200 day simple moving average is $14.49. Pathfinder Bancorp has a fifty-two week low of $12.06 and a fifty-two week high of $17.25. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.15.

Pathfinder Bancorp (NASDAQ:PBHC) last posted its earnings results on Thursday, January 29th. The savings and loans company reported ($1.11) EPS for the quarter. Pathfinder Bancorp had a negative return on equity of 2.73% and a negative net margin of 4.16%.The firm had revenue of $12.21 million during the quarter.

Pathfinder Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 16th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, January 16th. Pathfinder Bancorp’s dividend payout ratio is -66.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Pathfinder Bancorp from a “hold (c)” rating to a “sell (d)” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Pathfinder Bancorp currently has a consensus rating of “Sell”.

About Pathfinder Bancorp

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.