Pathfinder Bancorp (NASDAQ:PBHC) Announces Quarterly Earnings Results

Pathfinder Bancorp (NASDAQ:PBHC) released its quarterly earnings data on Monday. The savings and loans company reported $0.32 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $11.97 million during the quarter. Pathfinder Bancorp had a return on equity of 0.08% and a net margin of 0.13%.

Pathfinder Bancorp Stock Up 1.3%

PBHC stock traded up $0.22 during midday trading on Wednesday, hitting $16.97. The stock had a trading volume of 1,811 shares, compared to its average volume of 1,106. The firm has a market cap of $83.14 million, a price-to-earnings ratio of 1,698.50 and a beta of 0.11. The business has a 50-day moving average of $16.86 and a two-hundred day moving average of $15.05. Pathfinder Bancorp has a 52-week low of $12.06 and a 52-week high of $18.30. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.69 and a quick ratio of 0.68.

Pathfinder Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, October 16th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, October 16th. This represents a $0.40 annualized dividend and a dividend yield of 2.4%. Pathfinder Bancorp’s payout ratio is currently -190.48%.

Hedge Funds Weigh In On Pathfinder Bancorp

A hedge fund recently bought a new position in Pathfinder Bancorp stock. BlackRock Inc. bought a new position in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,067 shares of the savings and loans company’s stock, valued at approximately $208,000. BlackRock Inc. owned 0.27% of Pathfinder Bancorp at the end of the most recent reporting period. Hedge funds and other institutional investors own 26.73% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Pathfinder Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 19th. One analyst has rated the stock with a Hold rating. According to MarketBeat, Pathfinder Bancorp currently has a consensus rating of “Hold”.

Pathfinder Bancorp Company Profile

Pathfinder Bancorp, Inc is a bank holding company headquartered in Oswego, New York. Through its principal subsidiary, Pathfinder Bank, the company provides banking and financial services to individuals, families, businesses and organizations in Central New York.

Pathfinder Bank offers deposit accounts, consumer and commercial lending, residential and commercial real estate loans, mortgage products and other traditional banking services. The bank also provides cash management and related financial solutions designed to support small businesses, commercial customers and municipal organizations.

The institution traces its history to 1859 and has maintained a community-banking focus in the markets it serves.