Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Short Interest Update

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 5,708 shares, a decrease of 27.5% from the January 29th total of 7,876 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 4,348 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 4,348 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Pathfinder Bancorp from a “hold (c)” rating to a “sell (d)” rating in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Pathfinder Bancorp Price Performance

Shares of PBHC stock opened at $13.13 on Friday. The firm has a fifty day moving average of $13.79 and a two-hundred day moving average of $14.49. The firm has a market cap of $62.89 million, a P/E ratio of -21.88 and a beta of 0.12. Pathfinder Bancorp has a 1-year low of $12.06 and a 1-year high of $17.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.72 and a quick ratio of 0.72.

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

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 issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, January 16th. Pathfinder Bancorp’s dividend payout ratio (DPR) is currently -66.67%.

Insiders Place Their Bets

In other news, Director Adam C. Gagas acquired 1,950 shares of the business’s stock in a transaction on Friday, February 13th. The shares were purchased at an average price of $13.75 per share, for a total transaction 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.40% of the company’s stock.

Institutional Investors Weigh In On Pathfinder Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Pathfinder Bancorp during the second quarter worth $52,000. Osaic Holdings Inc. raised its holdings in shares of Pathfinder Bancorp by 102.1% during the second quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock worth $537,000 after purchasing an additional 17,079 shares during the period. Fourthstone LLC bought a new position in shares of Pathfinder Bancorp in the 2nd quarter worth about $1,229,000. Finally, Alliancebernstein L.P. lifted its position in shares of Pathfinder Bancorp by 26.1% in the 3rd quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after buying an additional 92,397 shares during the last quarter. 26.73% of the stock is owned by institutional investors and hedge funds.

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.