Pathfinder Bancorp (NASDAQ:PBHC) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Pathfinder Bancorp, Inc. (NASDAQ:PBHC)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.74 and traded as low as $13.84. Pathfinder Bancorp shares last traded at $14.2140, with a volume of 1,078 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pathfinder Bancorp in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Pathfinder Bancorp presently has a consensus rating of “Hold”.

Pathfinder Bancorp Stock Up 0.5%

The company has a market cap of $68.09 million, a price-to-earnings ratio of 11.85 and a beta of 0.11. The business has a fifty day moving average of $14.25 and a two-hundred day moving average of $14.74. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.15.

Pathfinder Bancorp (NASDAQ:PBHC) last posted its quarterly earnings data on Thursday, October 30th. The savings and loans company reported $0.10 EPS for the quarter. The business had revenue of $12.99 million during the quarter. Pathfinder Bancorp had a return on equity of 6.37% and a net margin of 9.09%.

Pathfinder Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, January 16th. This represents a $0.40 dividend on an annualized basis and a yield of 2.8%. Pathfinder Bancorp’s dividend payout ratio is currently 33.33%.

Institutional Trading of Pathfinder Bancorp

Several institutional investors have recently modified their holdings of PBHC. Raymond James Financial Inc. acquired a new position in shares of Pathfinder Bancorp during the 2nd quarter worth about $52,000. Osaic Holdings Inc. boosted its holdings in Pathfinder Bancorp by 102.1% in the 2nd quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock worth $537,000 after buying an additional 17,079 shares during the last quarter. Fourthstone LLC purchased a new stake in Pathfinder Bancorp during the 2nd quarter worth approximately $1,229,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Pathfinder Bancorp by 26.1% during the third quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock valued at $6,992,000 after acquiring an additional 92,397 shares during the last quarter. Institutional investors and hedge funds own 26.73% of the company’s stock.

About Pathfinder Bancorp

Pathfinder Bancorp, Inc is a bank holding company headquartered in northeastern Pennsylvania that operates primarily through its subsidiary, Pathfinder Bank. The company offers a broad range of commercial and consumer banking solutions, including checking and savings accounts, time deposits, certificates of deposit, and retirement accounts. Through its branch network, Pathfinder Bancorp serves individuals, small businesses, and community organizations across its local market.

In addition to traditional deposit products, Pathfinder Bancorp provides a variety of lending services such as commercial real estate loans, construction and land development financing, agricultural credits, equipment loans, and consumer installment loans.