Pathfinder Bancorp (NASDAQ:PBHC) VP Acquires $15,880.00 in Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) VP Joseph Polniak acquired 1,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were purchased at an average cost of $15.88 per share, for a total transaction of $15,880.00. Following the completion of the acquisition, the vice president directly owned 9,000 shares in the company, valued at approximately $142,920. This represents a 12.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Pathfinder Bancorp Stock Up 6.5%

NASDAQ PBHC opened at $16.87 on Friday. The stock has a 50 day moving average price of $13.95 and a 200-day moving average price of $13.82. Pathfinder Bancorp, Inc. has a one year low of $12.06 and a one year high of $16.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.73 and a current ratio of 0.74. The company has a market capitalization of $82.33 million, a P/E ratio of -26.78 and a beta of 0.17.

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

Pathfinder Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 17th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, April 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently -63.49%.

Hedge Funds Weigh In On Pathfinder Bancorp

Several large investors have recently modified their holdings of PBHC. Raymond James Financial Inc. bought a new stake in Pathfinder Bancorp in the second quarter worth $52,000. Osaic Holdings Inc. boosted its stake 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 worth $537,000 after buying an additional 17,079 shares during the period. Finally, Alliancebernstein L.P. boosted 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 buying an additional 92,397 shares during the period. Institutional investors own 26.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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.com, the stock has an average rating of “Sell”.

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.