Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Short Interest Down 18.0% in April

Pathfinder Bancorp, Inc. (NASDAQ:PBHCGet Rating) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totalling 4,100 shares, a drop of 18.0% from the April 15th total of 5,000 shares. Based on an average daily trading volume, of 5,100 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the company’s stock are sold short.

PBHC stock traded down $0.08 during mid-day trading on Tuesday, reaching $19.81. The company had a trading volume of 608 shares, compared to its average volume of 2,303. The company has a market capitalization of $91.13 million, a price-to-earnings ratio of 9.05 and a beta of 0.18. Pathfinder Bancorp has a 52 week low of $14.02 and a 52 week high of $21.99. The stock has a 50 day simple moving average of $19.93 and a two-hundred day simple moving average of $18.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.79 and a quick ratio of 0.79.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 6th. Stockholders of record on Friday, April 22nd were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Thursday, April 21st. This is an increase from Pathfinder Bancorp’s previous quarterly dividend of $0.07. Pathfinder Bancorp’s dividend payout ratio is presently 16.44%.

In other news, EVP Ronald Tascarella sold 4,988 shares of the business’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $17.60, for a total value of $87,788.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Adam C. Gagas bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 17th. The stock was acquired at an average cost of $17.75 per share, with a total value of $26,625.00. The disclosure for this purchase can be found here. 22.80% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of PBHC. Reilly Financial Advisors LLC acquired a new stake in Pathfinder Bancorp in the fourth quarter valued at $34,000. Monograph Wealth Advisors LLC bought a new stake in shares of Pathfinder Bancorp in the 4th quarter valued at about $1,060,000. Alliancebernstein L.P. lifted its stake in Pathfinder Bancorp by 23.8% in the 4th quarter. Alliancebernstein L.P. now owns 26,763 shares of the savings and loans company’s stock valued at $460,000 after purchasing an additional 5,146 shares during the last quarter. BHZ Capital Management LP bought a new position in Pathfinder Bancorp during the first quarter worth about $204,000. Finally, Howe & Rusling Inc. increased its position in Pathfinder Bancorp by 8.3% during the first quarter. Howe & Rusling Inc. now owns 45,645 shares of the savings and loans company’s stock worth $973,000 after buying an additional 3,509 shares during the last quarter. Institutional investors and hedge funds own 18.22% of the company’s stock.

Pathfinder Bancorp Company Profile (Get Rating)

Pathfinder Bancorp, Inc operates as a holding company for Pathfinder Bank that provides various banking and financial products and services primarily in Oswego and Onondaga Counties, New York. The company accepts various deposits, including checking, savings, and money market deposit accounts, as well as certificates of deposit, and demand and time deposits.

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