Pathfinder Bancorp (NASDAQ:PBHC) Director Adam Gagas Buys 1,950 Shares

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Director Adam Gagas acquired 1,950 shares of Pathfinder Bancorp stock in a transaction that occurred 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 transaction, the director directly owned 17,756 shares in the company, valued at $244,145. The trade was a 12.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Pathfinder Bancorp Trading Down 1.0%

Pathfinder Bancorp stock traded down $0.14 during trading hours on Friday, hitting $13.54. The stock had a trading volume of 4,636 shares, compared to its average volume of 2,489. The business’s 50 day simple moving average is $14.01 and its 200-day simple moving average is $14.58. Pathfinder Bancorp, Inc. has a one year low of $12.06 and a one year high of $17.25. The stock has a market cap of $64.83 million, a price-to-earnings ratio of -22.56 and a beta of 0.12. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.15.

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

Pathfinder Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Stockholders 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 dividend yield of 3.0%. The ex-dividend date was Friday, January 16th. Pathfinder Bancorp’s payout ratio is -66.67%.

Analysts Set New Price Targets

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

Institutional Trading of Pathfinder Bancorp

A number of large investors have recently bought and sold shares of PBHC. Fourthstone LLC acquired a new position in shares of Pathfinder Bancorp in the 2nd quarter valued at about $1,229,000. Raymond James Financial Inc. bought a new stake in Pathfinder Bancorp in the second quarter worth approximately $52,000. Osaic Holdings Inc. increased its holdings in Pathfinder Bancorp by 102.1% in 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 in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in 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 buying an additional 92,397 shares during the period. 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.