Pathfinder Bancorp (NASDAQ:PBHC) Issues Quarterly Earnings Results

Pathfinder Bancorp (NASDAQ:PBHC) issued its earnings results on Wednesday. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $11.49 million during the quarter. Pathfinder Bancorp had a negative return on equity of 2.74% and a negative net margin of 4.16%.

Pathfinder Bancorp Trading Up 0.8%

Shares of NASDAQ PBHC traded up $0.11 during mid-day trading on Thursday, reaching $13.71. 8,140 shares of the company’s stock were exchanged, compared to its average volume of 3,004. The firm has a market capitalization of $66.85 million, a price-to-earnings ratio of -22.85 and a beta of 0.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 0.73. Pathfinder Bancorp has a 52-week low of $12.06 and a 52-week high of $16.50. The company’s 50-day moving average is $13.42 and its 200-day moving average is $14.00.

Pathfinder Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 17th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, April 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.9%. Pathfinder Bancorp’s dividend payout ratio is currently -66.67%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Pathfinder Bancorp from a “hold (c)” rating to a “sell (d)” rating in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Insider Buying and Selling at Pathfinder Bancorp

In other Pathfinder Bancorp news, Director Adam C. Gagas purchased 1,950 shares of the stock in a transaction dated Friday, February 13th. The stock was acquired at an average cost of $13.75 per share, for a total transaction of $26,812.50. Following the acquisition, the director owned 17,756 shares in the company, valued at $244,145. This trade represents a 12.34% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Pathfinder Bancorp

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Pathfinder Bancorp during the 2nd quarter worth about $52,000. Osaic Holdings Inc. lifted its stake 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 acquiring an additional 17,079 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in 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 acquiring an additional 92,397 shares in the last quarter. Institutional investors and hedge funds own 26.73% of the company’s stock.

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.