Adam Gagas Acquires 1,950 Shares of Pathfinder Bancorp (NASDAQ:PBHC) Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Director Adam Gagas purchased 1,950 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were bought at an average price of $13.75 per share, with a total value of $26,812.50. Following the acquisition, the director directly owned 17,756 shares of the company’s stock, valued at $244,145. This represents a 12.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Pathfinder Bancorp Price Performance

Shares of NASDAQ:PBHC opened at $13.54 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.15. The stock has a market cap of $64.89 million, a PE ratio of -22.56 and a beta of 0.12. The stock’s fifty day simple moving average is $13.99 and its two-hundred day simple moving average is $14.57. Pathfinder Bancorp, Inc. has a 1-year low of $12.06 and a 1-year high of $17.25.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its earnings results on Thursday, January 29th. The savings and loans company reported ($1.11) EPS for the quarter. Pathfinder Bancorp had a negative net margin of 4.16% and a negative return on equity of 2.73%. The firm had revenue of $12.21 million during the quarter.

Pathfinder Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Friday, January 16th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $0.40 annualized dividend and a dividend yield of 3.0%. Pathfinder Bancorp’s dividend payout ratio (DPR) is currently -66.67%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Pathfinder Bancorp from a “hold (c)” rating to a “sell (d)” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Pathfinder Bancorp currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Pathfinder Bancorp

A number of large investors have recently made changes to their positions in PBHC. Alliancebernstein L.P. boosted its position in shares of Pathfinder Bancorp by 26.1% in 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 period. Osaic Holdings Inc. lifted its position 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. Raymond James Financial Inc. purchased a new stake in shares of Pathfinder Bancorp in the 2nd quarter valued at $52,000. Finally, Fourthstone LLC purchased a new stake in Pathfinder Bancorp during the second quarter valued at about $1,229,000. 26.73% of the stock is owned by institutional investors.

Pathfinder Bancorp Company Profile

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.