Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Short Interest Down 13.8% in March

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 5,000 shares, a decline of 13.8% from the February 28th total of 5,800 shares. Based on an average trading volume of 5,500 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company’s stock are sold short.

Pathfinder Bancorp Stock Performance

NASDAQ:PBHC traded up $0.07 during trading hours on Thursday, reaching $16.07. The company had a trading volume of 100 shares, compared to its average volume of 4,961. The firm’s 50 day moving average price is $16.86 and its 200-day moving average price is $16.93. The firm has a market cap of $75.83 million, a price-to-earnings ratio of 26.78 and a beta of 0.23. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. Pathfinder Bancorp has a 52 week low of $11.81 and a 52 week high of $19.86.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its quarterly earnings data on Friday, January 31st. The savings and loans company reported $0.69 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 disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, April 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently 66.67%.

Insider Buying and Selling

In other news, SVP William D. O’brien sold 2,353 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $17.14, for a total transaction of $40,330.42. Following the completion of the transaction, the senior vice president now directly owns 14,865 shares of the company’s stock, valued at $254,786.10. The trade was a 13.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ronald Tascarella sold 5,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 48,609 shares in the company, valued at approximately $826,353. This trade represents a 9.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,556 shares of company stock worth $128,803 in the last three months. Insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Pathfinder Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Northern Trust Corp bought a new position in Pathfinder Bancorp in the fourth quarter worth approximately $229,000. Dimensional Fund Advisors LP increased 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 purchasing an additional 1,032 shares in the last quarter. Inspire Investing LLC raised its holdings in Pathfinder Bancorp by 16.7% in the 4th quarter. Inspire Investing LLC now owns 58,960 shares of the savings and loans company’s stock worth $1,006,000 after purchasing an additional 8,436 shares during the period. Fourthstone LLC lifted its position in Pathfinder Bancorp by 10.8% during the fourth quarter. Fourthstone LLC now owns 88,300 shares of the savings and loans company’s stock valued at $1,545,000 after purchasing an additional 8,579 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Pathfinder Bancorp by 0.9% during the fourth quarter. Alliancebernstein L.P. now owns 288,511 shares of the savings and loans company’s stock valued at $5,049,000 after purchasing an additional 2,707 shares in the last quarter. Hedge funds and other institutional investors own 26.73% of the company’s stock.

About Pathfinder Bancorp

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.