Pathfinder Bancorp (NASDAQ:PBHC) Shares Cross Below 200-Day Moving Average of $12.99

Pathfinder Bancorp, Inc. (NASDAQ:PBHC)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.99 and traded as low as $12.15. Pathfinder Bancorp shares last traded at $12.58, with a volume of 1,000 shares trading hands.

Analysts Set New Price Targets

Separately, TheStreet cut Pathfinder Bancorp from a “b-” rating to a “c+” rating in a report on Wednesday, February 21st.

Pathfinder Bancorp Price Performance

The company has a 50-day moving average price of $12.18 and a two-hundred day moving average price of $12.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $59.35 million, a PE ratio of 8.33 and a beta of 0.15.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its quarterly earnings results on Thursday, February 1st. The savings and loans company reported $0.41 EPS for the quarter. Pathfinder Bancorp had a return on equity of 8.05% and a net margin of 12.76%. The firm had revenue of $10.48 million during the quarter.

Pathfinder Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 19th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Pathfinder Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date is Thursday, April 18th. Pathfinder Bancorp’s dividend payout ratio is presently 23.84%.

Insider Buying and Selling

In other Pathfinder Bancorp news, SVP Robert G. Jr. Butkowski acquired 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was acquired at an average cost of $11.95 per share, with a total value of $41,825.00. Following the acquisition, the senior vice president now directly owns 14,291 shares of the company’s stock, valued at approximately $170,777.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders acquired 6,200 shares of company stock valued at $73,504 in the last three months. 24.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pathfinder Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp bought a new position in Pathfinder Bancorp during the 4th quarter valued at $167,000. Vanguard Group Inc. boosted its stake in shares of Pathfinder Bancorp by 7.9% during the 3rd quarter. Vanguard Group Inc. now owns 37,290 shares of the savings and loans company’s stock worth $493,000 after acquiring an additional 2,735 shares in the last quarter. Creative Planning acquired a new position in shares of Pathfinder Bancorp in the 3rd quarter worth $28,000. Alliancebernstein L.P. grew its holdings in shares of Pathfinder Bancorp by 32.9% in the 2nd quarter. Alliancebernstein L.P. now owns 161,871 shares of the savings and loans company’s stock worth $2,256,000 after acquiring an additional 40,089 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Pathfinder Bancorp by 9.9% in the 2nd quarter. BlackRock Inc. now owns 9,701 shares of the savings and loans company’s stock worth $135,000 after acquiring an additional 874 shares during the last quarter. 26.73% of the stock is owned by institutional investors.

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.