Short Interest in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Decreases By 15.1%

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) saw a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 4,847 shares, a decrease of 15.1% from the February 12th total of 5,708 shares. Based on an average trading volume of 864 shares, the short-interest ratio is presently 5.6 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 864 shares, the short-interest ratio is presently 5.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Pathfinder Bancorp from a “hold (c)” rating to a “sell (d)” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Insider Activity at Pathfinder Bancorp

In other news, Director Adam C. Gagas acquired 1,950 shares of the business’s stock in a transaction that occurred 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 directly owned 17,756 shares in the company, valued at $244,145. The trade was a 12.34% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 22.40% of the company’s stock.

Institutional Trading of Pathfinder Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBHC. Alliancebernstein L.P. lifted its position 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. Fourthstone LLC bought a new stake in shares of Pathfinder Bancorp in the 2nd quarter valued at $1,229,000. 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.

Pathfinder Bancorp Price Performance

Shares of NASDAQ:PBHC opened at $13.44 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.72 and a current ratio of 0.72. Pathfinder Bancorp has a 52 week low of $12.06 and a 52 week high of $17.00. The firm has a market cap of $64.38 million, a PE ratio of -22.40 and a beta of 0.10. The firm’s fifty day moving average is $13.72 and its 200-day moving average is $14.42.

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

Pathfinder Bancorp Dividend Announcement

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

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.