Pathfinder Bancorp (NASDAQ:PBHC) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Pathfinder Bancorp, Inc. (NASDAQ:PBHC) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.64 and traded as low as $12.89. Pathfinder Bancorp shares last traded at $12.90, with a volume of 3,226 shares traded.

Wall Street Analyst Weigh In

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

Pathfinder Bancorp Trading Up 0.5%

The firm has a market cap of $62.13 million, a price-to-earnings ratio of -21.62 and a beta of 0.12. The company’s 50-day moving average price is $14.07 and its 200-day moving average price is $14.63. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.15.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its quarterly earnings results on Thursday, January 29th. The savings and loans company reported ($1.11) earnings per share for the quarter. Pathfinder Bancorp had a negative net margin of 4.16% and a negative return on equity of 2.73%. The company had revenue of $12.21 million during the quarter.

Pathfinder Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Friday, January 16th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, January 16th. Pathfinder Bancorp’s payout ratio is presently -66.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its position in shares of 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 valued at $6,992,000 after buying an additional 92,397 shares during the period. Fourthstone LLC purchased a new stake in Pathfinder Bancorp in the second quarter valued at $1,229,000. Osaic Holdings Inc. raised its position in Pathfinder Bancorp by 102.1% in 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 period. Finally, Raymond James Financial Inc. purchased a new position in shares of Pathfinder Bancorp during the 2nd quarter worth $52,000. Hedge funds and other institutional investors 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.