Insider Buying: Pathfinder Bancorp (NASDAQ:PBHC) VP Purchases 1,000 Shares of Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) VP Joseph Polniak acquired 1,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were purchased at an average cost of $15.88 per share, with a total value of $15,880.00. Following the acquisition, the vice president owned 9,000 shares of the company’s stock, valued at approximately $142,920. This represents a 12.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Pathfinder Bancorp Price Performance

Shares of NASDAQ PBHC traded up $0.93 during mid-day trading on Tuesday, hitting $16.15. 9,613 shares of the stock were exchanged, compared to its average volume of 4,731. The company has a market cap of $78.83 million, a P/E ratio of -25.28 and a beta of 0.17. The stock’s fifty day simple moving average is $13.77 and its two-hundred day simple moving average is $13.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.73 and a current ratio of 0.74. Pathfinder Bancorp, Inc. has a twelve month low of $12.06 and a twelve month high of $16.88.

Pathfinder Bancorp (NASDAQ:PBHC) last posted its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.38 earnings per share for the quarter. The company had revenue of $11.49 million during the quarter. Pathfinder Bancorp had a negative net margin of 4.96% and a negative return on equity of 3.20%.

Pathfinder Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 17th were given a dividend of $0.10 per share. The ex-dividend date was Friday, April 17th. This represents a $0.40 annualized dividend and a yield of 2.5%. Pathfinder Bancorp’s dividend payout ratio is -63.49%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Pathfinder Bancorp in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Pathfinder Bancorp presently has a consensus rating of “Sell”.

Institutional Trading of Pathfinder Bancorp

Several hedge funds have recently added to or reduced their stakes in PBHC. Raymond James Financial Inc. acquired a new stake in Pathfinder Bancorp during the 2nd quarter worth $52,000. Osaic Holdings Inc. boosted its holdings in shares of 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 during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Pathfinder Bancorp by 26.1% in the third quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock valued at $6,992,000 after buying an additional 92,397 shares during the period. Institutional investors and hedge funds own 26.73% of the company’s stock.

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.