Pathfinder Bancorp (NASDAQ:PBHC) CEO James Dowd Acquires 1,400 Shares of Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) CEO James Dowd purchased 1,400 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was bought at an average price of $13.69 per share, with a total value of $19,166.00. Following the completion of the acquisition, the chief executive officer owned 19,452 shares in the company, valued at $266,297.88. This represents a 7.76% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Pathfinder Bancorp Stock Up 1.2%

Shares of NASDAQ PBHC opened at $13.81 on Friday. Pathfinder Bancorp, Inc. has a 12-month low of $12.06 and a 12-month high of $15.96. The company has a market cap of $67.34 million, a P/E ratio of -21.92 and a beta of 0.17. The company has a current ratio of 0.74, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $13.52 and a 200 day moving average price of $13.76.

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

Pathfinder Bancorp Dividend Announcement

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

Hedge Funds Weigh In On Pathfinder Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PBHC. Raymond James Financial Inc. purchased a new position in Pathfinder Bancorp in the 2nd quarter valued at about $52,000. Osaic Holdings Inc. boosted its position in 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 valued at $537,000 after buying an additional 17,079 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Pathfinder Bancorp by 26.1% during the 3rd quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after purchasing an additional 92,397 shares during the last quarter. 26.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Pathfinder Bancorp in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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.