Pathfinder Bancorp (NASDAQ:PBHC) Posts Earnings Results

Pathfinder Bancorp (NASDAQ:PBHC) posted its quarterly earnings results on Wednesday. The savings and loans company reported $0.38 earnings per share for the quarter, FiscalAI reports. Pathfinder Bancorp had a negative net margin of 4.16% and a negative return on equity of 2.74%. The business had revenue of $11.49 million for the quarter.

Pathfinder Bancorp Price Performance

PBHC traded down $0.26 during midday trading on Wednesday, reaching $13.34. 67 shares of the company’s stock were exchanged, compared to its average volume of 1,762. Pathfinder Bancorp has a 1-year low of $12.06 and a 1-year high of $16.50. The stock has a market capitalization of $65.05 million, a PE ratio of -22.23 and a beta of 0.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.73 and a quick ratio of 0.73. The business’s 50-day moving average price is $13.42 and its 200 day moving average price is $14.00.

Pathfinder Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 17th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, April 17th. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. Pathfinder Bancorp’s payout ratio is presently -66.67%.

Insider Activity at Pathfinder Bancorp

In other Pathfinder Bancorp news, Director Adam C. Gagas acquired 1,950 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was acquired at an average cost of $13.75 per share, with a total value of $26,812.50. Following the purchase, the director directly owned 17,756 shares in the company, valued at approximately $244,145. This trade represents a 12.34% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 22.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Pathfinder Bancorp

A number of large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in Pathfinder Bancorp during the second quarter worth $52,000. Osaic Holdings Inc. raised its holdings in shares of 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 worth $537,000 after acquiring an additional 17,079 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Pathfinder Bancorp by 26.1% in 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 acquiring an additional 92,397 shares in the last quarter. Institutional investors and hedge funds own 26.73% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Pathfinder Bancorp from a “hold (c)” rating to a “sell (d)” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Pathfinder Bancorp has a consensus 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.