Pathfinder Bancorp (NASDAQ:PBHC) Shares Cross Above 50-Day Moving Average – Time to Sell?

Pathfinder Bancorp, Inc. (NASDAQ:PBHC)’s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.75 and traded as high as $13.77. Pathfinder Bancorp shares last traded at $13.60, with a volume of 6,885 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Pathfinder Bancorp from a “hold (c)” rating to a “sell (d)” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Pathfinder Bancorp Price Performance

The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $65.14 million, a PE ratio of -22.67 and a beta of 0.10. The stock’s 50-day moving average is $13.75 and its two-hundred day moving average is $14.45.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its earnings results on Thursday, January 29th. The savings and loans company reported ($1.11) earnings per share (EPS) for the quarter. The business had revenue of $12.21 million for the quarter. Pathfinder Bancorp had a negative net margin of 4.16% and a negative return on equity of 2.73%.

Pathfinder Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 16th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, January 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.9%. Pathfinder Bancorp’s payout ratio is presently -66.67%.

Insider Buying and Selling

In other Pathfinder Bancorp news, Director Adam C. Gagas acquired 1,950 shares of the business’s stock in a transaction on Friday, February 13th. The shares were bought at an average price of $13.75 per share, with a total value of $26,812.50. Following the transaction, the director directly owned 17,756 shares of the company’s stock, valued at $244,145. The trade was a 12.34% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 22.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Pathfinder Bancorp

A number of institutional investors have recently modified their holdings of PBHC. Raymond James Financial Inc. bought a new position in Pathfinder Bancorp in the second quarter worth approximately $52,000. Osaic Holdings Inc. lifted its holdings in shares of Pathfinder Bancorp by 102.1% in the 2nd quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock worth $537,000 after buying an additional 17,079 shares during the period. Fourthstone LLC purchased a new stake in shares of Pathfinder Bancorp in the 2nd quarter worth $1,229,000. Finally, Alliancebernstein L.P. grew its position in shares of Pathfinder Bancorp by 26.1% during the 3rd quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after buying an additional 92,397 shares in the last quarter. 26.73% of the stock is owned by hedge funds and other institutional investors.

Pathfinder Bancorp Company Profile

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.