Pathfinder Bancorp (NASDAQ:PBHC) Stock Price Passes Below 200 Day Moving Average of $12.93

Shares of Pathfinder Bancorp, Inc. (NASDAQ:PBHC) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.93 and traded as low as $12.01. Pathfinder Bancorp shares last traded at $12.01, with a volume of 2,575 shares traded.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Pathfinder Bancorp from a “b-” rating to a “c+” rating in a research note on Wednesday, February 21st.

Pathfinder Bancorp Stock Up 1.9 %

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.74 and a quick ratio of 0.74. The business’s 50 day simple moving average is $12.11 and its 200 day simple moving average is $12.92. The company has a market capitalization of $57.77 million, a PE ratio of 8.11 and a beta of 0.15.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its earnings results on Thursday, February 1st. The savings and loans company reported $0.41 EPS for the quarter. Pathfinder Bancorp had a net margin of 12.76% and a return on equity of 8.05%. The company had revenue of $10.48 million for the quarter.

Pathfinder Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 19th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.27%. This is an increase from Pathfinder Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, April 18th. Pathfinder Bancorp’s payout ratio is 26.49%.

Insider Activity

In related news, SVP Robert G. Jr. Butkowski purchased 3,500 shares of Pathfinder Bancorp stock in a transaction dated Thursday, March 7th. The shares were acquired at an average cost of $11.95 per share, with a total value of $41,825.00. Following the purchase, the senior vice president now owns 14,291 shares of the company’s stock, valued at $170,777.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders have purchased 6,200 shares of company stock valued at $73,504. Company insiders own 24.00% of the company’s stock.

Institutional Investors Weigh In On Pathfinder Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning acquired a new position in shares of Pathfinder Bancorp in the third quarter valued at approximately $28,000. BlackRock Inc. grew its holdings in shares of Pathfinder Bancorp by 9.9% in the second quarter. BlackRock Inc. now owns 9,701 shares of the savings and loans company’s stock valued at $135,000 after purchasing an additional 874 shares in the last quarter. Northern Trust Corp acquired a new position in shares of Pathfinder Bancorp in the fourth quarter valued at approximately $167,000. Dimensional Fund Advisors LP grew its holdings in shares of Pathfinder Bancorp by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 16,382 shares of the savings and loans company’s stock valued at $333,000 after purchasing an additional 746 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings in shares of Pathfinder Bancorp by 68.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 18,313 shares of the savings and loans company’s stock valued at $351,000 after purchasing an additional 7,463 shares in the last quarter. 26.73% of the stock is owned by hedge funds and other institutional investors.

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.