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

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

Pathfinder Bancorp Trading Up 1.4 %

PBHC stock traded up $0.25 during trading on Tuesday, reaching $18.10. 2,248 shares of the stock traded hands, compared to its average volume of 4,055. The business’s 50 day moving average price is $16.24 and its 200-day moving average price is $14.43. Pathfinder Bancorp has a 52-week low of $11.41 and a 52-week high of $19.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $85.43 million, a PE ratio of 12.75 and a beta of 0.25.

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

Pathfinder Bancorp Dividend Announcement

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

Insider Activity at Pathfinder Bancorp

In other Pathfinder Bancorp news, SVP Daniel R. Phillips sold 4,900 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $15.63, for a total transaction of $76,587.00. Following the completion of the sale, the senior vice president now owns 15,317 shares of the company’s stock, valued at approximately $239,404.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.40% of the company’s stock.

Institutional Investors Weigh In On Pathfinder Bancorp

A hedge fund recently bought a new stake in Pathfinder Bancorp stock. Inspire Investing LLC bought a new position in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 50,524 shares of the savings and loans company’s stock, valued at approximately $807,000. Inspire Investing LLC owned 1.07% of Pathfinder Bancorp at the end of the most recent reporting period. 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.