Pathfinder Bancorp (NASDAQ:PBHC) Posts Quarterly Earnings Results

Pathfinder Bancorp (NASDAQ:PBHC) issued its earnings results on Thursday. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $11.67 million for the quarter. Pathfinder Bancorp had a negative return on equity of 1.08% and a negative net margin of 1.70%.

Pathfinder Bancorp Price Performance

Shares of PBHC traded up $0.07 during midday trading on Friday, hitting $16.35. The company’s stock had a trading volume of 9,915 shares, compared to its average volume of 16,441. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $79.79 million, a price-to-earnings ratio of -77.85 and a beta of 0.14. Pathfinder Bancorp has a one year low of $12.06 and a one year high of $17.40. The company’s fifty day simple moving average is $15.52 and its two-hundred day simple moving average is $14.24.

Pathfinder Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, July 17th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, July 17th. Pathfinder Bancorp’s dividend payout ratio is -63.49%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Pathfinder Bancorp from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Pathfinder Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of Pathfinder Bancorp in the 2nd quarter valued at $52,000. Osaic Holdings Inc. raised its position 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. Finally, Alliancebernstein L.P. grew 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 buying an additional 92,397 shares during the last quarter. 26.73% of the stock is currently owned by institutional investors and hedge funds.

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.