Pathfinder Bancorp (NASDAQ:PBHC) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of Pathfinder Bancorp, Inc. (NASDAQ:PBHC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.96 and traded as low as $13.80. Pathfinder Bancorp shares last traded at $13.88, with a volume of 4,103 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Pathfinder Bancorp in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Pathfinder Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 0.73. The firm’s 50-day moving average price is $13.46 and its two-hundred day moving average price is $13.96. The stock has a market cap of $66.17 million, a price-to-earnings ratio of -21.52 and a beta of 0.18.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its earnings results on Wednesday, April 29th. The savings and loans company reported $0.38 EPS for the quarter. Pathfinder Bancorp had a negative net margin of 4.96% and a negative return on equity of 3.20%. The company had revenue of $11.49 million for the quarter.

Pathfinder Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 17th were issued a dividend of $0.10 per share. The ex-dividend date was 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 -63.49%.

Insider Transactions at Pathfinder Bancorp

In related news, Director Adam C. Gagas bought 1,950 shares of the firm’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 completion of the transaction, the director directly owned 17,756 shares of the company’s stock, valued at $244,145. This represents a 12.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 15.40% of the company’s stock.

Hedge Funds Weigh In On Pathfinder Bancorp

Several large investors have recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its stake in Pathfinder Bancorp by 26.1% during the third 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 in the last quarter. 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, Raymond James Financial Inc. purchased a new position in Pathfinder Bancorp during the 2nd quarter valued at about $52,000. 26.73% of the stock is currently owned by institutional investors and hedge funds.

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.