Key Points
- CEO James Dowd bought 1,400 shares of Pathfinder Bancorp on June 2 at an average price of $13.69, a transaction worth about $19,166. His stake rose 7.76% to 19,452 shares valued at roughly $266,298.
- PBHC shares were up 1.2% and opened at $13.81, near the stock’s 50-day and 200-day moving averages. The company has a small market cap of $67.34 million and a low beta of 0.17.
- Fundamentals and sentiment remain mixed: Pathfinder reported $0.38 EPS on $11.49 million in quarterly revenue, but had negative net margin and return on equity. Weiss Ratings reaffirmed a “sell” rating, while the stock also pays a quarterly dividend of $0.10 per share.
Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) CEO James Dowd purchased 1,400 shares of the company's 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 purchase, the chief executive officer owned 19,452 shares of the company's stock, valued at approximately $266,297.88. The trade was a 7.76% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Pathfinder Bancorp Stock Up 1.2%
Shares of NASDAQ:PBHC opened at $13.81 on Friday. 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 company has a fifty day simple moving average of $13.52 and a 200 day simple moving average of $13.76. The firm has a market cap of $67.34 million, a PE ratio of -21.92 and a beta of 0.17. Pathfinder Bancorp, Inc. has a 12-month low of $12.06 and a 12-month high of $15.96.
Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter. The business had revenue of $11.49 million during the quarter. Pathfinder Bancorp had a negative net margin of 4.96% and a negative return on equity of 3.20%.
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 given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, April 17th. This represents a $0.40 annualized dividend and a dividend yield of 2.9%. Pathfinder Bancorp's dividend payout ratio (DPR) is presently -63.49%.
Hedge Funds Weigh In On Pathfinder Bancorp
Several large investors have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in shares of Pathfinder Bancorp by 26.1% during the third 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. Osaic Holdings Inc. lifted its position 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 worth $537,000 after purchasing an additional 17,079 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Pathfinder Bancorp during the second quarter worth about $52,000. Institutional investors own 26.73% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed 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, According to data from MarketBeat, Pathfinder Bancorp presently has an average rating of "Sell".
Check Out Our Latest Analysis on PBHC
Pathfinder Bancorp Company Profile
(
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.
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