Pathfinder Bancorp (NASDAQ:PBHC) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.64 and traded as low as $12.89. Pathfinder Bancorp shares last traded at $12.90, with a volume of 3,226 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Pathfinder Bancorp from a “hold (c)” rating to a “sell (d)” rating in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Pathfinder Bancorp has an average rating of “Sell”.

Pathfinder Bancorp Stock Down 1.5%

The company has a debt-to-equity ratio of 0.15, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50 day moving average price of $14.10 and a 200 day moving average price of $14.64. The firm has a market capitalization of $61.79 million, a P/E ratio of -21.50 and a beta of 0.12.

Pathfinder Bancorp (NASDAQ:PBHC) last posted its quarterly earnings data on Thursday, January 29th. The savings and loans company reported ($1.11) earnings per share for the quarter. The business had revenue of $12.21 million during the quarter. Pathfinder Bancorp had a negative net margin of 4.16% and a negative return on equity of 2.73%.

Pathfinder Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Stockholders of record on Friday, January 16th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, January 16th. This represents a $0.40 annualized dividend and a dividend yield of 3.1%. Pathfinder Bancorp’s payout ratio is presently -66.67%.

Institutional Investors Weigh In On Pathfinder Bancorp

A number of institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its holdings 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. Fourthstone LLC acquired a new position in shares of Pathfinder Bancorp in the second quarter valued at $1,229,000. Osaic Holdings Inc. lifted its position 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 worth $537,000 after purchasing an additional 17,079 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Pathfinder Bancorp during the second quarter worth $52,000. 26.73% of the stock is owned by institutional investors and hedge funds.

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.