Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Short Interest Down 16.7% in November

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

Insider Transactions at Pathfinder Bancorp

In related news, Director Eric Allyn sold 8,169 shares of the firm’s stock in a transaction 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 owns 6,124 shares in the company, valued at approximately $102,883.20. This trade represents a 57.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Daniel R. Phillips sold 4,900 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.63, for a total value 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 disclosure for this sale can be found here. Insiders own 22.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $245,000 after purchasing an additional 1,941 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Pathfinder Bancorp during the third quarter valued at about $807,000. Finally, Fourthstone LLC boosted its stake in shares of Pathfinder Bancorp by 69.2% during the third quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company’s stock valued at $1,262,000 after purchasing an additional 32,604 shares in the last quarter. Institutional investors own 26.73% of the company’s stock.

Pathfinder Bancorp Stock Performance

Pathfinder Bancorp stock opened at $17.90 on Friday. Pathfinder Bancorp has a 12-month low of $11.41 and a 12-month high of $19.86. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $17.29 and its two-hundred day moving average price is $15.61. The stock has a market cap of $84.49 million, a PE ratio of 55.94 and a beta of 0.23.

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

Pathfinder Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 18th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Friday, October 18th. Pathfinder Bancorp’s dividend payout ratio is presently 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.