Pathfinder Bancorp (NASDAQ:PBHC) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Pathfinder Bancorp, Inc. (NASDAQ:PBHC)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $14.91 and traded as high as $16.81. Pathfinder Bancorp shares last traded at $16.24, with a volume of 12,428 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Pathfinder Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Pathfinder Bancorp Trading Down 1.7%

The stock has a 50-day moving average price of $14.91 and a two-hundred day moving average price of $14.07. The stock has a market capitalization of $79.25 million, a P/E ratio of -25.78 and a beta of 0.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.73 and a current ratio of 0.74.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter. Pathfinder Bancorp had a negative net margin of 4.96% and a negative return on equity of 3.20%. The business had revenue of $11.49 million for the quarter.

Pathfinder Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Friday, July 17th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, July 17th. This represents a $0.40 annualized dividend and a dividend yield of 2.5%. Pathfinder Bancorp’s payout ratio is currently -63.49%.

Institutional Trading of Pathfinder Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of PBHC. Raymond James Financial Inc. bought a new stake in Pathfinder Bancorp during the 2nd quarter valued at approximately $52,000. Osaic Holdings Inc. raised its position in shares of 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 acquiring an additional 17,079 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake 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 valued at $6,992,000 after purchasing an additional 92,397 shares during the period. 26.73% of the stock is currently owned by hedge funds and other institutional investors.

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.