Pathfinder Bancorp (NASDAQ:PBHC) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Pathfinder Bancorp, Inc. (NASDAQ:PBHC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.88 and traded as low as $13.25. Pathfinder Bancorp shares last traded at $13.63, with a volume of 2,395 shares trading hands.

Analysts Set New Price Targets

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

Pathfinder Bancorp Trading Up 1.0%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a market cap of $66.51 million, a price-to-earnings ratio of -21.63 and a beta of 0.18. The company’s 50 day simple moving average is $13.45 and its two-hundred day simple moving average is $13.88.

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

Pathfinder Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, April 17th were paid a $0.10 dividend. The ex-dividend date was Friday, April 17th. This represents a $0.40 dividend on an annualized basis and a yield of 2.9%. Pathfinder Bancorp’s payout ratio is -63.49%.

Institutional Investors Weigh In On Pathfinder Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Pathfinder Bancorp during the 2nd quarter valued at about $52,000. Osaic Holdings Inc. increased its holdings in Pathfinder Bancorp by 102.1% in the second quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock worth $537,000 after buying an additional 17,079 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Pathfinder Bancorp by 26.1% in the third quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company’s stock worth $6,992,000 after buying an additional 92,397 shares during the last quarter. 26.73% of the stock is owned by hedge funds and other institutional investors.

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.