Short Interest in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Decreases By 18.4%

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 3,100 shares, a drop of 18.4% from the December 15th total of 3,800 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 5,700 shares, the short-interest ratio is presently 0.5 days.

Insiders Place Their Bets

In other Pathfinder Bancorp news, Director Eric Allyn sold 8,169 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $16.80, for a total value of $137,239.20. Following the transaction, the director now directly owns 6,124 shares of the company’s stock, valued at approximately $102,883.20. The trade was a 57.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 22.40% of the company’s stock.

Institutional Investors Weigh In On Pathfinder Bancorp

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

Pathfinder Bancorp Stock Performance

NASDAQ:PBHC opened at $16.30 on Friday. The firm has a market capitalization of $76.94 million, a P/E ratio of 50.94 and a beta of 0.22. Pathfinder Bancorp has a twelve month low of $11.41 and a twelve month high of $19.86. The company has a fifty day moving average of $17.29 and a 200-day moving average of $16.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.33.

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

Pathfinder Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be issued a $0.10 dividend. The ex-dividend date is Friday, January 17th. This represents a $0.40 annualized dividend and a yield of 2.45%. Pathfinder Bancorp’s payout ratio is currently 125.00%.

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.