Pathfinder Bancorp (NASDAQ:PBHC) Posts Quarterly Earnings Results

Pathfinder Bancorp (NASDAQ:PBHC) announced its earnings results on Thursday. The savings and loans company reported ($1.11) EPS for the quarter, Zacks reports. Pathfinder Bancorp had a net margin of 9.09% and a return on equity of 6.37%. The firm had revenue of $12.21 million during the quarter.

Pathfinder Bancorp Stock Performance

Shares of PBHC traded down $0.37 during trading hours on Friday, hitting $13.88. The company’s stock had a trading volume of 179 shares, compared to its average volume of 846. The business has a 50 day simple moving average of $14.20 and a two-hundred day simple moving average of $14.71. Pathfinder Bancorp has a 52-week low of $13.35 and a 52-week high of $17.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $66.49 million, a price-to-earnings ratio of 11.57 and a beta of 0.11.

Pathfinder Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be paid a $0.10 dividend. The ex-dividend date is Friday, January 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.9%. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Pathfinder Bancorp in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Pathfinder Bancorp

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Pathfinder Bancorp in the second quarter valued at $52,000. Osaic Holdings Inc. lifted its holdings in Pathfinder Bancorp by 102.1% during the 2nd quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock worth $537,000 after purchasing an additional 17,079 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Pathfinder Bancorp by 26.1% in the 3rd quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after purchasing an additional 92,397 shares during the period. Hedge funds and other institutional investors own 26.73% of the company’s stock.

About Pathfinder Bancorp

Pathfinder Bancorp, Inc is a bank holding company headquartered in northeastern Pennsylvania that operates primarily through its subsidiary, Pathfinder Bank. The company offers a broad range of commercial and consumer banking solutions, including checking and savings accounts, time deposits, certificates of deposit, and retirement accounts. Through its branch network, Pathfinder Bancorp serves individuals, small businesses, and community organizations across its local market.

In addition to traditional deposit products, Pathfinder Bancorp provides a variety of lending services such as commercial real estate loans, construction and land development financing, agricultural credits, equipment loans, and consumer installment loans.