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

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 3,500 shares, a decrease of 16.7% from the November 15th total of 4,200 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is presently 0.8 days.

Insider Transactions at Pathfinder Bancorp

In related news, SVP Daniel R. Phillips sold 4,900 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.63, for a total transaction of $76,587.00. Following the transaction, the senior vice president now owns 15,317 shares of the company’s stock, valued at approximately $239,404.71. This trade represents a 24.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Allyn sold 8,169 shares of Pathfinder Bancorp stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $16.80, for a total transaction of $137,239.20. Following the completion of the sale, the director now owns 6,124 shares of the company’s stock, valued at $102,883.20. This trade represents a 57.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Pathfinder Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its position in shares of Pathfinder Bancorp by 11.6% in the second quarter. Dimensional Fund Advisors LP now owns 18,604 shares of the savings and loans company’s stock valued at $245,000 after purchasing an additional 1,941 shares during the last quarter. Inspire Investing LLC acquired a new stake in Pathfinder Bancorp in the 3rd quarter valued at approximately $807,000. Finally, Fourthstone LLC increased its position in Pathfinder Bancorp by 69.2% in the 3rd quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company’s stock worth $1,262,000 after buying an additional 32,604 shares during the period. Institutional investors and hedge funds own 26.73% of the company’s stock.

Pathfinder Bancorp Stock Up 2.6 %

Pathfinder Bancorp stock opened at $17.90 on Friday. The company has a market capitalization of $84.49 million, a P/E ratio of 55.94 and a beta of 0.23. Pathfinder Bancorp has a 1-year low of $11.41 and a 1-year high of $19.86. The firm’s fifty day simple moving average is $17.29 and its 200-day simple moving average is $15.63. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its quarterly earnings results on Wednesday, October 30th. The savings and loans company reported ($0.75) earnings per share for the quarter. The company had revenue of $13.44 million during the quarter. Pathfinder Bancorp had a return on equity of 1.65% and a net margin of 2.42%.

Pathfinder Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.40 dividend on an annualized basis and a yield of 2.23%. Pathfinder Bancorp’s payout ratio is currently 125.00%.

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.