Ronald Tascarella Sells 5,000 Shares of Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) insider Ronald Tascarella sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $17.00, for a total value of $85,000.00. Following the sale, the insider now directly owns 48,609 shares of the company’s stock, valued at $826,353. The trade was a 9.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Pathfinder Bancorp Stock Down 0.9 %

Shares of Pathfinder Bancorp stock opened at $17.10 on Wednesday. The stock has a market capitalization of $80.71 million, a P/E ratio of 28.50 and a beta of 0.22. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $16.93 and a two-hundred day moving average price of $16.79. Pathfinder Bancorp, Inc. has a 12-month low of $11.41 and a 12-month high of $19.86.

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

Pathfinder Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were given a dividend of $0.10 per share. The ex-dividend date was Friday, January 17th. This represents a $0.40 dividend on an annualized basis and a yield of 2.34%. Pathfinder Bancorp’s payout ratio is currently 66.67%.

Institutional Investors Weigh In On Pathfinder Bancorp

Large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp bought a new stake in shares of Pathfinder Bancorp in the fourth quarter valued at approximately $229,000. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 1,032 shares during the period. Inspire Investing LLC boosted its position in shares of Pathfinder Bancorp by 16.7% in the fourth quarter. Inspire Investing LLC now owns 58,960 shares of the savings and loans company’s stock valued at $1,006,000 after acquiring an additional 8,436 shares during the period. Fourthstone LLC boosted its position in shares of Pathfinder Bancorp by 69.2% in the third quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company’s stock valued at $1,262,000 after acquiring an additional 32,604 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Pathfinder Bancorp by 0.9% in the fourth quarter. Alliancebernstein L.P. now owns 288,511 shares of the savings and loans company’s stock valued at $5,049,000 after acquiring an additional 2,707 shares during the period. Institutional investors own 26.73% of the company’s stock.

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.