Pathfinder Bancorp (NASDAQ:PBHC) Releases Quarterly Earnings Results

Pathfinder Bancorp (NASDAQ:PBHC) announced its quarterly earnings results on Thursday. The savings and loans company reported ($1.11) earnings per share (EPS) for the quarter, Zacks reports. Pathfinder Bancorp had a return on equity of 6.37% and a net margin of 9.09%.

Pathfinder Bancorp Trading Down 0.1%

Shares of NASDAQ PBHC traded down $0.01 during trading on Thursday, reaching $14.24. The company had a trading volume of 179 shares, compared to its average volume of 1,031. The stock has a market cap of $68.21 million, a P/E ratio of 11.87 and a beta of 0.11. The company’s fifty day moving average price is $14.20 and its 200-day moving average price is $14.72. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.15. Pathfinder Bancorp has a 12 month low of $13.35 and a 12 month high of $17.50.

Pathfinder Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, January 16th. Pathfinder Bancorp’s payout ratio is 33.33%.

Institutional Trading of Pathfinder Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its holdings in Pathfinder Bancorp by 26.1% during the 3rd quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after purchasing an additional 92,397 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of 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 buying an additional 17,079 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Pathfinder Bancorp during the second quarter worth $52,000. Institutional investors and hedge funds own 26.73% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pathfinder Bancorp in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.