Short Interest in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Grows By 27.2%

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 7,876 shares, an increase of 27.2% from the January 15th total of 6,192 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 502 shares, the days-to-cover ratio is currently 15.7 days. Based on an average daily trading volume, of 502 shares, the days-to-cover ratio is currently 15.7 days. Currently, 0.2% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Pathfinder Bancorp Trading Down 1.0%

Shares of PBHC traded down $0.14 on Monday, hitting $13.54. 4,636 shares of the stock traded hands, compared to its average volume of 2,426. Pathfinder Bancorp has a 1 year low of $12.06 and a 1 year high of $17.25. The stock’s 50 day moving average is $13.99 and its two-hundred day moving average is $14.57. The firm has a market capitalization of $64.83 million, a P/E ratio of -22.56 and a beta of 0.12. 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 (NASDAQ:PBHC) last issued its quarterly earnings results on Thursday, January 29th. The savings and loans company reported ($1.11) earnings per share for the quarter. Pathfinder Bancorp had a negative net margin of 4.16% and a negative return on equity of 2.73%. The business had revenue of $12.21 million during the quarter.

Pathfinder Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 16th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. Pathfinder Bancorp’s dividend payout ratio (DPR) is currently -66.67%.

Insider Activity at Pathfinder Bancorp

In other Pathfinder Bancorp news, Director Adam C. Gagas acquired 1,950 shares of the stock in a transaction on Friday, February 13th. The shares were bought at an average price of $13.75 per share, with a total value of $26,812.50. Following the acquisition, the director owned 17,756 shares of the company’s stock, valued at $244,145. This trade represents a 12.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Alliancebernstein L.P. raised its holdings in shares of 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 worth $6,992,000 after purchasing an additional 92,397 shares during the period. Osaic Holdings Inc. lifted its position 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 valued at $537,000 after buying an additional 17,079 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Pathfinder Bancorp during the second quarter worth approximately $52,000. Finally, Fourthstone LLC acquired a new stake in shares of Pathfinder Bancorp in the second quarter worth $1,229,000. 26.73% of the stock is owned by hedge funds and other 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.