Pathfinder Bancorp (NASDAQ:PBHC) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.91 and traded as high as $16.81. Pathfinder Bancorp shares last traded at $16.24, with a volume of 12,428 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Pathfinder Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Pathfinder Bancorp currently has an average rating of “Sell”.

Pathfinder Bancorp Stock Performance

The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10. The stock has a market cap of $79.98 million, a price-to-earnings ratio of -26.02 and a beta of 0.14. The stock’s 50 day moving average is $14.95 and its two-hundred day moving average is $14.09.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its earnings results on Wednesday, April 29th. The savings and loans company reported $0.38 EPS for the quarter. The business had revenue of $11.49 million during the quarter. Pathfinder Bancorp had a negative net margin of 4.96% and a negative return on equity of 3.20%.

Pathfinder Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 17th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, July 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently -63.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in Pathfinder Bancorp in the 2nd quarter valued at $52,000. Osaic Holdings Inc. raised its position in Pathfinder Bancorp by 102.1% during the 2nd 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. Finally, Alliancebernstein L.P. lifted its stake in shares of Pathfinder Bancorp by 26.1% in the 3rd quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after acquiring an additional 92,397 shares during the period. Institutional investors and hedge funds own 26.73% of the company’s stock.

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.