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

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 5,000 shares, a drop of 13.8% from the February 28th total of 5,800 shares. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the company’s shares are sold short.

Insiders Place Their Bets

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

Institutional Trading of Pathfinder Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Investing LLC increased its position 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 valued at $1,006,000 after buying an additional 8,436 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Pathfinder Bancorp by 0.9% during 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 in the last quarter. Fourthstone LLC raised its position in shares of Pathfinder Bancorp by 10.8% in the 4th quarter. Fourthstone LLC now owns 88,300 shares of the savings and loans company’s stock valued at $1,545,000 after purchasing an additional 8,579 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Pathfinder Bancorp by 5.5% in the 4th 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 during the last quarter. Finally, Northern Trust Corp acquired a new stake in Pathfinder Bancorp in the 4th quarter worth approximately $229,000. Hedge funds and other institutional investors own 26.73% of the company’s stock.

Pathfinder Bancorp Stock Up 2.5 %

Shares of PBHC traded up $0.41 during trading hours on Wednesday, hitting $16.85. The company had a trading volume of 835 shares, compared to its average volume of 4,964. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $79.53 million, a PE ratio of 28.08 and a beta of 0.23. Pathfinder Bancorp has a one year low of $11.81 and a one year high of $19.86. The company’s fifty day moving average price is $16.88 and its two-hundred day moving average price is $16.94.

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

Pathfinder Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.37%. The ex-dividend date is Thursday, April 17th. Pathfinder Bancorp’s dividend payout ratio is currently 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.