Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Sees Significant Growth in Short Interest

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 6,120 shares, a growth of 26.3% from the February 26th total of 4,847 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 4,531 shares, the days-to-cover ratio is presently 1.4 days.

Analysts Set New Price Targets

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

Insider Activity at Pathfinder Bancorp

In other news, Director Adam C. Gagas purchased 1,950 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was bought at an average price of $13.75 per share, for a total transaction of $26,812.50. Following the completion of the purchase, the director directly owned 17,756 shares of the company’s stock, valued at $244,145. The trade was a 12.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Pathfinder Bancorp

A number of hedge funds have recently modified their holdings of PBHC. Raymond James Financial Inc. purchased a new stake in Pathfinder Bancorp in the 2nd quarter valued at $52,000. Osaic Holdings Inc. increased its stake 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. Fourthstone LLC purchased a new stake in shares of Pathfinder Bancorp in the second quarter valued at about $1,229,000. Finally, Alliancebernstein L.P. raised its holdings 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 buying an additional 92,397 shares during the last quarter. 26.73% of the stock is currently owned by hedge funds and other institutional investors.

Pathfinder Bancorp Stock Up 2.0%

NASDAQ:PBHC traded up $0.25 during midday trading on Wednesday, hitting $13.00. 555 shares of the company were exchanged, compared to its average volume of 2,978. Pathfinder Bancorp has a fifty-two week low of $12.06 and a fifty-two week high of $16.89. The company has a market capitalization of $62.27 million, a PE ratio of -21.67 and a beta of 0.10. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $13.46 and a 200 day simple moving average of $14.26.

Pathfinder Bancorp (NASDAQ:PBHC) last released its quarterly earnings data on Thursday, January 29th. The savings and loans company reported ($1.11) earnings per share (EPS) 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 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 of this dividend is Friday, April 17th. This represents a $0.40 annualized dividend and a yield of 3.1%. Pathfinder Bancorp’s payout ratio is -66.67%.

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.