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

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 3,100 shares, a drop of 18.4% from the December 15th total of 3,800 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 5,700 shares, the short-interest ratio is presently 0.5 days.

Pathfinder Bancorp Price Performance

PBHC stock opened at $16.30 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.74. Pathfinder Bancorp has a 52 week low of $11.41 and a 52 week high of $19.86. The firm’s fifty day moving average is $17.29 and its 200 day moving average is $16.32. The firm has a market cap of $76.94 million, a P/E ratio of 50.94 and a beta of 0.22.

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 firm had revenue of $13.44 million for the quarter. Pathfinder Bancorp had a net margin of 2.42% and a return on equity of 1.65%.

Pathfinder Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.40 annualized dividend and a yield of 2.45%. Pathfinder Bancorp’s payout ratio is currently 125.00%.

Insider Activity at Pathfinder Bancorp

In related news, Director Eric Allyn sold 8,169 shares of the stock in a transaction 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 transaction, the director now owns 6,124 shares of the company’s stock, valued at approximately $102,883.20. This trade represents a 57.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 22.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Pathfinder Bancorp

Several institutional investors have recently added to or reduced their stakes in PBHC. Dimensional Fund Advisors LP boosted its position in Pathfinder Bancorp by 11.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 18,604 shares of the savings and loans company’s stock valued at $245,000 after buying an additional 1,941 shares during the period. Inspire Investing LLC purchased a new stake in shares of Pathfinder Bancorp in the 3rd quarter worth about $807,000. Finally, Fourthstone LLC lifted its position in shares of 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 purchasing an additional 32,604 shares during the period. Hedge funds and other institutional investors own 26.73% of the company’s stock.

About Pathfinder Bancorp

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.