Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Sees Significant Decline in Short Interest

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,900 shares, a decline of 42.0% from the March 15th total of 5,000 shares. Based on an average trading volume of 5,700 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Insider Buying and Selling at Pathfinder Bancorp

In other news, insider Ronald Tascarella sold 5,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $17.00, for a total transaction of $85,000.00. Following the transaction, the insider now owns 48,609 shares in the company, valued at $826,353. This trade represents a 9.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP William D. O’brien sold 2,353 shares of Pathfinder Bancorp stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $17.14, for a total value of $40,330.42. Following the completion of the sale, the senior vice president now owns 14,865 shares in the company, valued at approximately $254,786.10. The trade was a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,556 shares of company stock valued at $128,803. 22.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Northern Trust Corp acquired a new position in shares of Pathfinder Bancorp in the 4th quarter worth approximately $229,000. Dimensional Fund Advisors LP grew its holdings in shares of Pathfinder Bancorp by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 19,640 shares of the savings and loans company’s stock valued at $335,000 after purchasing an additional 1,032 shares in the last quarter. Inspire Investing LLC increased its stake in Pathfinder Bancorp by 16.7% during the 4th quarter. Inspire Investing LLC now owns 58,960 shares of the savings and loans company’s stock worth $1,006,000 after buying an additional 8,436 shares during the period. Fourthstone LLC lifted its holdings in Pathfinder Bancorp by 10.8% during the 4th quarter. Fourthstone LLC now owns 88,300 shares of the savings and loans company’s stock worth $1,545,000 after buying an additional 8,579 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in Pathfinder Bancorp by 0.9% in the 4th quarter. Alliancebernstein L.P. now owns 288,511 shares of the savings and loans company’s stock valued at $5,049,000 after buying an additional 2,707 shares during the period. Hedge funds and other institutional investors own 26.73% of the company’s stock.

Pathfinder Bancorp Stock Performance

NASDAQ PBHC opened at $15.50 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s fifty day moving average is $16.61 and its two-hundred day moving average is $16.90. The firm has a market capitalization of $73.84 million, a P/E ratio of 25.83 and a beta of 0.03. Pathfinder Bancorp has a fifty-two week low of $12.01 and a fifty-two week high of $19.86.

Pathfinder Bancorp (NASDAQ:PBHC) last released its quarterly earnings data on Friday, January 31st. The savings and loans company reported $0.69 earnings per share (EPS) for the quarter. Pathfinder Bancorp had a net margin of 4.28% and a return on equity of 3.07%.

Pathfinder Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 18th 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 2.58%. The ex-dividend date of this dividend is Thursday, April 17th. Pathfinder Bancorp’s payout ratio is 66.67%.

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.