Pathfinder Bancorp (NASDAQ:PBHC) Issues Quarterly Earnings Results

Pathfinder Bancorp (NASDAQ:PBHC) issued its quarterly earnings data on Thursday. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, FiscalAI reports. Pathfinder Bancorp had a negative net margin of 4.96% and a negative return on equity of 3.20%. The firm had revenue of $11.67 million for the quarter.

Pathfinder Bancorp Trading Down 11.7%

Shares of Pathfinder Bancorp stock opened at $14.38 on Friday. Pathfinder Bancorp has a fifty-two week low of $12.06 and a fifty-two week high of $17.40. The business’s fifty day moving average is $15.47 and its two-hundred day moving average is $14.23. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The firm has a market cap of $70.10 million, a PE ratio of -25.86 and a beta of 0.14.

Pathfinder Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 17th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.8%. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently -63.49%.

Hedge Funds Weigh In On Pathfinder Bancorp

Several institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its stake in Pathfinder Bancorp by 26.1% in 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 during the last quarter. Osaic Holdings Inc. increased its stake in shares of 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 valued at $537,000 after acquiring an additional 17,079 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Pathfinder Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently 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.