Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Sees Significant Drop in Short Interest

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 3,500 shares, a decline of 16.7% from the November 15th total of 4,200 shares. Based on an average trading volume of 4,500 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are short sold.

Insider Activity

In related news, Director Eric Allyn sold 8,169 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $16.80, for a total transaction of $137,239.20. Following the completion of the sale, the director now directly owns 6,124 shares of the company’s stock, valued at $102,883.20. This trade represents a 57.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Pathfinder Bancorp by 11.6% during the second quarter. Dimensional Fund Advisors LP now owns 18,604 shares of the savings and loans company’s stock worth $245,000 after acquiring an additional 1,941 shares during the last quarter. Inspire Investing LLC acquired a new stake in Pathfinder Bancorp in the third quarter worth about $807,000. Finally, Fourthstone LLC increased its position 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. Institutional investors and hedge funds own 26.73% of the company’s stock.

Pathfinder Bancorp Price Performance

Shares of PBHC stock opened at $17.90 on Monday. The stock’s fifty day moving average is $17.29 and its 200-day moving average is $15.66. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.74. Pathfinder Bancorp has a 52 week low of $11.41 and a 52 week high of $19.86. The stock has a market capitalization of $84.49 million, a PE ratio of 55.94 and a beta of 0.23.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its quarterly earnings data on Wednesday, October 30th. The savings and loans company reported ($0.75) EPS for the quarter. Pathfinder Bancorp had a return on equity of 1.65% and a net margin of 2.42%. The company had revenue of $13.44 million for the quarter.

Pathfinder Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, October 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.23%. The ex-dividend date was Friday, October 18th. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently 125.00%.

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.