Pathfinder Bancorp (NASDAQ:PBHC) CEO Purchases $19,166.00 in Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) CEO James Dowd bought 1,400 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average cost of $13.69 per share, with a total value of $19,166.00. Following the completion of the purchase, the chief executive officer directly owned 19,452 shares in the company, valued at approximately $266,297.88. This trade represents a 7.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Pathfinder Bancorp Stock Down 1.7%

NASDAQ:PBHC opened at $13.86 on Friday. Pathfinder Bancorp, Inc. has a 12-month low of $12.06 and a 12-month high of $15.96. 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 capitalization of $67.64 million, a P/E ratio of -22.00 and a beta of 0.17. The stock’s fifty day simple moving average is $13.54 and its 200-day simple moving average is $13.76.

Pathfinder Bancorp (NASDAQ:PBHC) last posted its quarterly earnings results on Wednesday, April 29th. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter. Pathfinder Bancorp had a negative return on equity of 3.20% and a negative net margin of 4.96%.The business had revenue of $11.49 million for the quarter.

Pathfinder Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 17th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, April 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is currently -63.49%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Pathfinder Bancorp in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Pathfinder Bancorp during the second quarter worth about $52,000. Osaic Holdings Inc. lifted its holdings in Pathfinder Bancorp by 102.1% during 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 in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Pathfinder Bancorp by 26.1% during the third quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after acquiring an additional 92,397 shares in the last quarter. 26.73% of the stock is currently owned by institutional investors.

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.