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

Pathfinder Bancorp, Inc. (NASDAQ:PBHCGet Rating) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 3,300 shares, a decline of 17.5% from the October 15th total of 4,000 shares. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Pathfinder Bancorp

A number of large investors have recently made changes to their positions in the stock. FNY Investment Advisers LLC purchased a new position in Pathfinder Bancorp in the third quarter worth approximately $48,000. BHZ Capital Management LP purchased a new position in Pathfinder Bancorp in the first quarter worth approximately $204,000. Dimensional Fund Advisors LP grew its position in Pathfinder Bancorp by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 16,382 shares of the savings and loans company’s stock worth $333,000 after acquiring an additional 746 shares during the period. Finally, Howe & Rusling Inc. grew its position in Pathfinder Bancorp by 8.3% in the first quarter. Howe & Rusling Inc. now owns 45,645 shares of the savings and loans company’s stock worth $973,000 after acquiring an additional 3,509 shares during the period. 16.75% of the stock is currently owned by hedge funds and other institutional investors.

Pathfinder Bancorp Stock Performance

NASDAQ PBHC opened at $19.34 on Monday. Pathfinder Bancorp has a twelve month low of $16.50 and a twelve month high of $21.99. The stock has a 50-day moving average of $20.12 and a 200 day moving average of $19.74. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $89.33 million, a price-to-earnings ratio of 8.83 and a beta of 0.06.

Pathfinder Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 11th. Stockholders of record on Friday, October 14th were given a $0.09 dividend. The ex-dividend date was Thursday, October 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.86%. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently 16.44%.

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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