Pathfinder Bancorp (NASDAQ:PBHC) Director Adam Gagas Buys 1,950 Shares of Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Director Adam Gagas purchased 1,950 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was acquired at an average price of $13.75 per share, for a total transaction of $26,812.50. Following the completion of the purchase, the director directly owned 17,756 shares of the company’s stock, valued at $244,145. This represents a 12.34% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Pathfinder Bancorp Stock Performance

NASDAQ PBHC traded down $0.14 during trading on Friday, reaching $13.54. The company’s stock had a trading volume of 4,636 shares, compared to its average volume of 2,489. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $64.83 million, a price-to-earnings ratio of -22.56 and a beta of 0.12. Pathfinder Bancorp, Inc. has a 12 month low of $12.06 and a 12 month high of $17.25. The firm has a 50 day moving average price of $14.01 and a 200 day moving average price of $14.58.

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

Pathfinder Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Pathfinder Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Pathfinder Bancorp during the 2nd quarter worth approximately $52,000. Osaic Holdings Inc. boosted 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 valued at $537,000 after buying an additional 17,079 shares in the last quarter. Fourthstone LLC bought a new stake in shares of Pathfinder Bancorp during the second quarter worth $1,229,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Pathfinder Bancorp by 26.1% during the third quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after buying an additional 92,397 shares in the last quarter. 26.73% of the stock is currently owned by institutional investors and hedge funds.

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.