Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Short Interest Up 30.0% in October

by · The Markets Daily

Pathfinder Bancorp, Inc. (NASDAQ:PBHC – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 3,900 shares, a growth of 30.0% from the September 30th total of 3,000 shares. Based on an average daily volume of 4,500 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the shares of the company are sold short.

Insider Transactions at Pathfinder Bancorp

In related news, SVP Daniel R. Phillips sold 4,900 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $15.63, for a total transaction of $76,587.00. Following the completion of the sale, the senior vice president now directly owns 15,317 shares in the company, valued at approximately $239,404.71. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 22.40% of the company’s stock.

Institutional Trading of Pathfinder Bancorp

An institutional investor recently raised its position in Pathfinder Bancorp stock. Dimensional Fund Advisors LP boosted its holdings in shares of Pathfinder Bancorp, Inc. (NASDAQ:PBHC – Free Report) by 11.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,604 shares of the savings and loans company’s stock after purchasing an additional 1,941 shares during the quarter. Dimensional Fund Advisors LP owned about 0.39% of Pathfinder Bancorp worth $245,000 at the end of the most recent quarter. 26.73% of the stock is currently owned by institutional investors.

Pathfinder Bancorp Stock Performance

NASDAQ PBHC traded up $0.25 on Tuesday, hitting $18.10. 2,248 shares of the company traded hands, compared to its average volume of 4,055. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $16.24 and its 200-day moving average price is $14.43. The company has a market capitalization of $85.43 million, a price-to-earnings ratio of 12.75 and a beta of 0.25. Pathfinder Bancorp has a 52-week low of $11.41 and a 52-week high of $19.86.

Pathfinder Bancorp (NASDAQ:PBHC – Get Free Report) last announced its quarterly earnings data on Monday, July 29th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter. Pathfinder Bancorp had a return on equity of 7.34% and a net margin of 11.16%. The company had revenue of $10.69 million during the quarter.

Pathfinder Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 18th will be given a $0.10 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.21%. Pathfinder Bancorp’s payout ratio is currently 28.17%.

Pathfinder Bancorp Company Profile

(Get Free Report)

Pathfinder Bancorp, Inc operates as a bank holding company for Pathfinder Bank that provides various banking and financial products and services in New York. The company's deposit products include checking, savings, and money market deposit accounts; certificates of deposit; and demand and time deposits.

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