Pathfinder Bancorp (NASDAQ:PBHC) Releases Quarterly Earnings Results

Pathfinder Bancorp (NASDAQ:PBHC) issued its earnings results on Monday. The savings and loans company reported $0.32 earnings per share for the quarter, FiscalAI reports. The business had revenue of $11.97 million for the quarter. Pathfinder Bancorp had a negative net margin of 1.70% and a negative return on equity of 1.08%.

Pathfinder Bancorp Stock Performance

PBHC opened at $17.00 on Monday. The company has a market cap of $83.30 million, a price-to-earnings ratio of -80.95 and a beta of 0.11. The company has a current ratio of 0.69, a quick ratio of 0.68 and a debt-to-equity ratio of 0.07. Pathfinder Bancorp has a 1-year low of $12.06 and a 1-year high of $18.30. The company’s fifty day moving average price is $16.84 and its two-hundred day moving average price is $15.02.

Pathfinder Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 16th will be paid 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 is Friday, October 16th. Pathfinder Bancorp’s payout ratio is -190.48%.

Institutional Trading of Pathfinder Bancorp

A hedge fund recently bought a new stake in Pathfinder Bancorp stock. BlackRock Inc. acquired a new position in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,067 shares of the savings and loans company’s stock, valued at approximately $208,000. BlackRock Inc. owned about 0.27% of Pathfinder Bancorp as of its most recent filing with the Securities and Exchange Commission. 26.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Pathfinder Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 19th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, Pathfinder Bancorp currently has a consensus rating of “Hold”.

About Pathfinder Bancorp

Pathfinder Bancorp, Inc is a bank holding company headquartered in Oswego, New York. Through its principal subsidiary, Pathfinder Bank, the company provides banking and financial services to individuals, families, businesses and organizations in Central New York.

Pathfinder Bank offers deposit accounts, consumer and commercial lending, residential and commercial real estate loans, mortgage products and other traditional banking services. The bank also provides cash management and related financial solutions designed to support small businesses, commercial customers and municipal organizations.

The institution traces its history to 1859 and has maintained a community-banking focus in the markets it serves.