Insider Buying: Pathfinder Bancorp (NASDAQ:PBHC) CEO Purchases 1,400 Shares of Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) CEO James Dowd acquired 1,400 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of $13.69 per share, with a total value of $19,166.00. Following the completion of the purchase, the chief executive officer directly owned 19,452 shares of the company’s stock, valued at $266,297.88. This trade represents a 7.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Pathfinder Bancorp Trading Up 1.5%

NASDAQ PBHC traded up $0.21 on Thursday, hitting $13.86. 1,185 shares of the stock were exchanged, compared to its average volume of 3,804. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.73 and a current ratio of 0.74. The stock has a fifty day moving average price of $13.51 and a two-hundred day moving average price of $13.76. The firm has a market capitalization of $67.64 million, a P/E ratio of -22.00 and a beta of 0.17. Pathfinder Bancorp, Inc. has a 52-week low of $12.06 and a 52-week high of $15.96.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its quarterly earnings results on Wednesday, April 29th. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter. Pathfinder Bancorp had a negative return on equity of 3.20% and a negative net margin of 4.96%.The firm had revenue of $11.49 million during the quarter.

Pathfinder Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, April 17th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, April 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is currently -63.49%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Pathfinder Bancorp in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Trading of Pathfinder Bancorp

Several institutional investors have recently bought and sold shares of PBHC. Raymond James Financial Inc. acquired a new position in Pathfinder Bancorp in the 2nd quarter valued at $52,000. Osaic Holdings Inc. raised its holdings in shares of Pathfinder Bancorp by 102.1% in the 2nd quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock valued at $537,000 after buying an additional 17,079 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Pathfinder Bancorp by 26.1% in the 3rd quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock valued at $6,992,000 after buying an additional 92,397 shares during the period. 26.73% of the stock is owned by institutional investors and hedge funds.

Pathfinder Bancorp Company Profile

Pathfinder Bancorp, Inc is a bank holding company headquartered in northeastern Pennsylvania that operates primarily through its subsidiary, Pathfinder Bank. The company offers a broad range of commercial and consumer banking solutions, including checking and savings accounts, time deposits, certificates of deposit, and retirement accounts. Through its branch network, Pathfinder Bancorp serves individuals, small businesses, and community organizations across its local market.

In addition to traditional deposit products, Pathfinder Bancorp provides a variety of lending services such as commercial real estate loans, construction and land development financing, agricultural credits, equipment loans, and consumer installment loans.