Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Short Interest Up 30.6% in February

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 4,700 shares, an increase of 30.6% from the January 31st total of 3,600 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 6,400 shares, the short-interest ratio is presently 0.7 days.

Pathfinder Bancorp Stock Performance

Pathfinder Bancorp stock traded down $0.03 during midday trading on Thursday, reaching $17.02. 865 shares of the stock traded hands, compared to its average volume of 8,227. Pathfinder Bancorp has a fifty-two week low of $11.45 and a fifty-two week high of $19.86. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. The firm has a market cap of $80.31 million, a price-to-earnings ratio of 28.36 and a beta of 0.23. The firm has a fifty day moving average price of $16.89 and a two-hundred day moving average price of $16.83.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its quarterly earnings data on Friday, January 31st. The savings and loans company reported $0.69 earnings per share (EPS) for the quarter. Pathfinder Bancorp had a return on equity of 3.07% and a net margin of 4.28%.

Pathfinder Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $0.40 dividend on an annualized basis and a yield of 2.35%. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently 66.67%.

Insider Activity at Pathfinder Bancorp

In other news, insider Ronald Tascarella sold 5,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $17.00, for a total transaction of $85,000.00. Following the completion of the transaction, the insider now owns 48,609 shares of the company’s stock, valued at approximately $826,353. The trade was a 9.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP William D. O’brien sold 2,353 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $17.14, for a total transaction of $40,330.42. Following the transaction, the senior vice president now owns 14,865 shares of the company’s stock, valued at $254,786.10. This represents a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,556 shares of company stock valued at $128,803 in the last quarter. Insiders own 22.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Fourthstone LLC lifted its holdings in Pathfinder Bancorp by 69.2% in the third quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company’s stock worth $1,262,000 after purchasing an additional 32,604 shares during the period. Inspire Investing LLC raised its position in shares of Pathfinder Bancorp by 16.7% during the 4th quarter. Inspire Investing LLC now owns 58,960 shares of the savings and loans company’s stock worth $1,006,000 after buying an additional 8,436 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Pathfinder Bancorp by 0.9% during the 4th quarter. Alliancebernstein L.P. now owns 288,511 shares of the savings and loans company’s stock worth $5,049,000 after buying an additional 2,707 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Pathfinder Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 19,640 shares of the savings and loans company’s stock worth $335,000 after acquiring an additional 1,032 shares during the period. Finally, Northern Trust Corp bought a new position in shares of Pathfinder Bancorp in the fourth quarter valued at approximately $229,000. 26.73% of the stock is owned by institutional investors and hedge funds.

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.