Joseph Polniak Acquires 1,000 Shares of Pathfinder Bancorp (NASDAQ:PBHC) Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) VP Joseph Polniak purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average cost of $15.88 per share, for a total transaction of $15,880.00. Following the completion of the transaction, the vice president directly owned 9,000 shares of the company’s stock, valued at $142,920. This trade represents a 12.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Pathfinder Bancorp Stock Performance

Shares of NASDAQ PBHC opened at $15.84 on Thursday. The business’s 50-day moving average price is $13.88 and its two-hundred day moving average price is $13.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.74 and a quick ratio of 0.73. Pathfinder Bancorp, Inc. has a one year low of $12.06 and a one year high of $16.88. The company has a market capitalization of $77.30 million, a P/E ratio of -25.14 and a beta of 0.17.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its earnings results on Wednesday, April 29th. The savings and loans company reported $0.38 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 for the quarter.

Pathfinder Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 17th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Friday, April 17th. Pathfinder Bancorp’s dividend payout ratio is -63.49%.

Hedge Funds Weigh In On Pathfinder Bancorp

A number of hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. raised its holdings 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 worth $6,992,000 after buying an additional 92,397 shares in the last quarter. 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, Raymond James Financial Inc. bought a new position in Pathfinder Bancorp in the 2nd quarter valued at $52,000. 26.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.