Pathfinder Bancorp (NASDAQ:PBHC) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Pathfinder Bancorp, Inc. (NASDAQ:PBHC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.88 and traded as low as $13.25. Pathfinder Bancorp shares last traded at $13.63, with a volume of 2,395 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Pathfinder Bancorp in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Pathfinder Bancorp presently has an average rating of “Sell”.

Pathfinder Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.73. The stock has a market cap of $66.12 million, a P/E ratio of -21.51 and a beta of 0.18. The firm’s 50-day moving average price is $13.45 and its 200-day moving average price is $13.85.

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

Pathfinder Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 17th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, April 17th. Pathfinder Bancorp’s payout ratio is currently -63.49%.

Institutional Investors Weigh In On Pathfinder Bancorp

A number of hedge funds have recently made changes to their positions in PBHC. Alliancebernstein L.P. lifted its position 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 valued at $6,992,000 after purchasing an additional 92,397 shares during the last quarter. Osaic Holdings Inc. lifted its position in Pathfinder Bancorp by 102.1% during the second quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock valued at $537,000 after purchasing an additional 17,079 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Pathfinder Bancorp during the second quarter valued at $52,000. 26.73% of the stock is currently owned by hedge funds and other institutional investors.

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.