Pathfinder Bancorp Inc (NASDAQ:PBHC) Short Interest Down 32.1% in June

Pathfinder Bancorp Inc (NASDAQ:PBHC) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 3,800 shares, a decrease of 32.1% from the May 30th total of 5,600 shares. Based on an average daily volume of 2,600 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.1% of the shares of the company are sold short.

In related news, Director Chris R. Burritt purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average price of $14.25 per share, for a total transaction of $142,500.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Walter Rusnak purchased 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $14.25 per share, for a total transaction of $242,250.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 66,909 shares of company stock worth $966,197. 19.95% of the stock is owned by insiders.

An institutional investor recently bought a new position in Pathfinder Bancorp stock. Dimensional Fund Advisors LP bought a new position in shares of Pathfinder Bancorp Inc (NASDAQ:PBHC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,477 shares of the savings and loans company’s stock, valued at approximately $205,000. Dimensional Fund Advisors LP owned approximately 0.33% of Pathfinder Bancorp as of its most recent SEC filing. 18.67% of the stock is currently owned by hedge funds and other institutional investors.

PBHC traded down $0.25 on Friday, reaching $14.05. The company had a trading volume of 4,551 shares, compared to its average volume of 1,619. Pathfinder Bancorp has a fifty-two week low of $12.86 and a fifty-two week high of $16.25. The firm has a market cap of $67.13 million, a PE ratio of 17.23 and a beta of -0.45. The firm’s fifty day simple moving average is $15.38. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.82 and a current ratio of 0.82.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its quarterly earnings results on Friday, April 26th. The savings and loans company reported $0.12 EPS for the quarter. Pathfinder Bancorp had a net margin of 8.79% and a return on equity of 5.50%. The business had revenue of $7.53 million for the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 19th will be paid a $0.06 dividend. The ex-dividend date is Thursday, July 18th. This represents a $0.24 dividend on an annualized basis and a yield of 1.71%.

Pathfinder Bancorp Company Profile

Pathfinder Bancorp, Inc operates as a holding company for Pathfinder Bank that provides various banking and financial products and services primarily in Oswego and Onondaga counties, New York. The company accepts various deposits, including checking, savings, and money market deposit accounts, as well as certificates of deposit, and demand and time deposits.

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