Pathfinder Bancorp (NASDAQ:PBHC) Posts Earnings Results

Pathfinder Bancorp (NASDAQ:PBHC) released its quarterly earnings data on Thursday. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $11.67 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 Stock Up 1.8%

Shares of Pathfinder Bancorp stock traded up $0.28 during trading hours on Thursday, reaching $16.28. The company’s stock had a trading volume of 3,846 shares, compared to its average volume of 8,089. The company has a market capitalization of $79.45 million, a P/E ratio of -25.84 and a beta of 0.14. The stock’s fifty day simple moving average is $15.42 and its two-hundred day simple moving average is $14.21. Pathfinder Bancorp has a one year low of $12.06 and a one year high of $17.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.73 and a current ratio of 0.74.

Pathfinder Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, July 17th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, July 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is -63.49%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Pathfinder Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Pathfinder Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Alliancebernstein L.P. lifted its position 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 valued at $6,992,000 after acquiring an additional 92,397 shares in the last quarter. Osaic Holdings Inc. increased its holdings in 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 worth $537,000 after purchasing an additional 17,079 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Pathfinder Bancorp in the second quarter worth approximately $52,000. 26.73% of the stock is owned by 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.