Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Sees Large Growth in Short Interest

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 3,900 shares, an increase of 30.0% from the September 30th total of 3,000 shares. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are short sold.

Insider Transactions at Pathfinder Bancorp

In related news, SVP Daniel R. Phillips sold 4,900 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.63, for a total value of $76,587.00. Following the completion of the sale, the senior vice president now directly owns 15,317 shares of the company’s stock, valued at $239,404.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 22.40% of the company’s stock.

Institutional Trading of Pathfinder Bancorp

A hedge fund recently bought a new stake in Pathfinder Bancorp stock. Inspire Investing LLC purchased a new position in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 50,524 shares of the savings and loans company’s stock, valued at approximately $807,000. Inspire Investing LLC owned about 1.07% of Pathfinder Bancorp as of its most recent SEC filing. 26.73% of the stock is owned by hedge funds and other institutional investors.

Pathfinder Bancorp Stock Performance

Pathfinder Bancorp stock traded up $0.25 during mid-day trading on Tuesday, reaching $18.10. 2,248 shares of the company were exchanged, compared to its average volume of 4,055. Pathfinder Bancorp has a twelve month low of $11.41 and a twelve month high of $19.86. The firm’s 50-day simple moving average is $16.24 and its two-hundred day simple moving average is $14.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $85.43 million, a PE ratio of 12.75 and a beta of 0.25.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its earnings results on Monday, July 29th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $10.69 million during the quarter. Pathfinder Bancorp had a return on equity of 7.34% and a net margin of 11.16%.

Pathfinder Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 18th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, October 18th. This represents a $0.40 dividend on an annualized basis and a yield of 2.21%. Pathfinder Bancorp’s payout ratio is 28.17%.

Pathfinder Bancorp Company Profile

Pathfinder Bancorp, Inc operates as a bank holding company for Pathfinder Bank that provides various banking and financial products and services in New York. The company's deposit products include checking, savings, and money market deposit accounts; certificates of deposit; and demand and time deposits.