Pathfinder Bancorp (NASDAQ:PBHC) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Pathfinder Bancorp, Inc. (NASDAQ:PBHC)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.96 and traded as low as $13.80. Pathfinder Bancorp shares last traded at $13.88, with a volume of 4,103 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Pathfinder Bancorp in a research note on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Pathfinder Bancorp Stock Down 0.9%

The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average price is $13.46 and its 200 day moving average price is $13.96. The company has a market capitalization of $67.73 million, a P/E ratio of -22.03 and a beta of 0.18.

Pathfinder Bancorp (NASDAQ:PBHC) last posted its earnings results on Wednesday, April 29th. The savings and loans company reported $0.38 earnings per share 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 17th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, April 17th. Pathfinder Bancorp’s dividend payout ratio is currently -63.49%.

Insider Activity

In related news, Director Adam C. Gagas bought 1,950 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was acquired at an average cost of $13.75 per share, with a total value of $26,812.50. Following the acquisition, the director owned 17,756 shares in the company, valued at approximately $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 through this link. Insiders own 15.40% of the company’s stock.

Institutional Trading of Pathfinder Bancorp

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new position in Pathfinder Bancorp during the second quarter worth $52,000. Osaic Holdings Inc. lifted 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 valued at $537,000 after acquiring an additional 17,079 shares during the period. Finally, Alliancebernstein L.P. boosted 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 in the last quarter. 26.73% of the stock is currently owned by 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.