Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Sees Large Drop in Short Interest

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) saw a large decrease in short interest in November. As of November 30th, there was short interest totalling 3,500 shares, a decrease of 16.7% from the November 15th total of 4,200 shares. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the company’s stock are sold short.

Pathfinder Bancorp Trading Up 2.6 %

NASDAQ PBHC opened at $17.90 on Friday. The firm’s fifty day moving average price is $17.29 and its 200 day moving average price is $15.63. The company has a market capitalization of $84.49 million, a price-to-earnings ratio of 55.94 and a beta of 0.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.74 and a quick ratio of 0.74. Pathfinder Bancorp has a 12 month low of $11.41 and a 12 month high of $19.86.

Pathfinder Bancorp (NASDAQ:PBHC) last released its quarterly earnings results on Wednesday, October 30th. The savings and loans company reported ($0.75) earnings per share (EPS) for the quarter. The business had revenue of $13.44 million during the quarter. Pathfinder Bancorp had a return on equity of 1.65% and a net margin of 2.42%.

Pathfinder Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 18th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, October 18th. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently 125.00%.

Insiders Place Their Bets

In other Pathfinder Bancorp 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 transaction, the senior vice president now owns 15,317 shares in the company, valued at $239,404.71. The trade was a 24.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eric Allyn sold 8,169 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $16.80, for a total transaction of $137,239.20. Following the completion of the sale, the director now directly owns 6,124 shares in the company, valued at approximately $102,883.20. This represents a 57.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 22.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Pathfinder Bancorp by 11.6% during the second quarter. Dimensional Fund Advisors LP now owns 18,604 shares of the savings and loans company’s stock worth $245,000 after buying an additional 1,941 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Pathfinder Bancorp during the 3rd quarter valued at $807,000. Finally, Fourthstone LLC boosted its stake in shares of Pathfinder Bancorp by 69.2% during the 3rd quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company’s stock worth $1,262,000 after acquiring an additional 32,604 shares in the last quarter. Institutional investors own 26.73% of the company’s stock.

About Pathfinder Bancorp

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.