Key Points
- Director Adam Gagas bought 1,950 shares at an average price of $13.75 on Feb. 13, spending $26,812.50 and raising his direct stake to 17,756 shares (a 12.34% ownership increase); the purchase was disclosed in an SEC filing.
- Pathfinder reported a quarterly loss (EPS -$1.11) and shows negative net margin and return on equity, with a small market cap of about $64.8 million and shares trading near the low end of their 52-week range.
- The company pays a quarterly dividend of $0.10 (about a 3.0% yield) despite a negative payout ratio, while analyst sentiment is weak (Weiss Ratings downgraded to "sell") and institutional investors own roughly 26.7% of the stock with several firms recently increasing stakes.
Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) Director Adam Gagas bought 1,950 shares of the company's stock in a transaction on Friday, February 13th. The stock was bought at an average price of $13.75 per share, for a total transaction of $26,812.50. Following the completion of the purchase, the director directly owned 17,756 shares in the company, valued at approximately $244,145. This represents a 12.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.
Pathfinder Bancorp Stock Performance
Pathfinder Bancorp stock opened at $13.54 on Friday. The company has a 50 day moving average price of $13.99 and a 200-day moving average price of $14.57. The company has a market capitalization of $64.83 million, a PE ratio of -22.56 and a beta of 0.12. Pathfinder Bancorp, Inc. has a fifty-two week low of $12.06 and a fifty-two week high of $17.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.72 and a current ratio of 0.72.
Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last issued its earnings results on Thursday, January 29th. The savings and loans company reported ($1.11) earnings per share for the quarter. The firm had revenue of $12.21 million for the quarter. Pathfinder Bancorp had a negative net margin of 4.16% and a negative return on equity of 2.73%.
Pathfinder Bancorp Dividend Announcement
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 $0.10 dividend. The ex-dividend date was Friday, January 16th. This represents a $0.40 annualized dividend and a dividend yield of 3.0%. Pathfinder Bancorp's payout ratio is currently -66.67%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Alliancebernstein L.P. raised its stake in shares of 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 acquiring an additional 92,397 shares in the last quarter. Osaic Holdings Inc. grew 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 during the last quarter. Raymond James Financial Inc. purchased a new position in Pathfinder Bancorp in the second quarter worth $52,000. Finally, Fourthstone LLC acquired a new position in shares of Pathfinder Bancorp during the second quarter worth $1,229,000. Hedge funds and other institutional investors own 26.73% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered shares of Pathfinder Bancorp from a "hold (c)" rating to a "sell (d)" rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".
Read Our Latest Stock Report on PBHC
About Pathfinder Bancorp
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
