Pathfinder Bancorp (NASDAQ:PBHC) VP Joseph Polniak Purchases 1,000 Shares

Key Points

  • Pathfinder Bancorp VP Joseph Polniak bought 1,000 shares on June 15 at $15.88 apiece, increasing his holdings to 9,000 shares and boosting his position by 12.5%.
  • The company recently reported quarterly EPS of $0.38 on revenue of $11.49 million, while posting negative return on equity and net margin.
  • Pathfinder Bancorp pays a quarterly dividend of $0.10 per share, equal to a 2.5% annualized yield, but analysts currently maintain a Sell consensus rating.

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) VP Joseph Polniak purchased 1,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $15.88 per share, for a total transaction of $15,880.00. Following the purchase, the vice president owned 9,000 shares in the company, 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 the SEC website.

Pathfinder Bancorp Stock Performance

NASDAQ PBHC opened at $15.87 on Wednesday. Pathfinder Bancorp, Inc. has a 52-week low of $12.06 and a 52-week high of $16.88. The stock has a market cap of $77.42 million, a PE ratio of -25.18 and a beta of 0.17. The firm has a 50-day moving average of $13.82 and a 200-day moving average of $13.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.73 and a current ratio of 0.74.

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

Pathfinder Bancorp Announces Dividend




The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, April 17th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, April 17th. Pathfinder Bancorp's payout ratio is presently -63.49%.

Institutional Trading of Pathfinder Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position 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 purchasing an additional 92,397 shares during the period. Osaic Holdings Inc. boosted its stake in shares of 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 purchasing an additional 17,079 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Pathfinder Bancorp during the second quarter worth $52,000. Institutional investors and hedge funds 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 report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

Read Our Latest Stock Report on Pathfinder Bancorp

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.

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