Insider Selling: Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Director Sells 8,169 Shares of Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Director Eric Allyn sold 8,169 shares of Pathfinder Bancorp stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $16.80, for a total value of $137,239.20. Following the completion of the transaction, the director now directly owns 6,124 shares of the company’s stock, valued at approximately $102,883.20. This trade represents a 57.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Pathfinder Bancorp Trading Up 1.0 %

NASDAQ PBHC opened at $17.45 on Tuesday. The stock has a market capitalization of $82.36 million, a P/E ratio of 54.53 and a beta of 0.23. Pathfinder Bancorp, Inc. has a one year low of $11.41 and a one year high of $19.86. The business has a 50 day simple moving average of $17.15 and a 200 day simple moving average of $15.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.74 and a quick ratio of 0.74.

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

Pathfinder Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Friday, October 18th. Pathfinder Bancorp’s payout ratio is 125.00%.

Institutional Trading of Pathfinder Bancorp

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in 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 worth $245,000 after buying an additional 1,941 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Pathfinder Bancorp during the third quarter worth about $807,000. Finally, Fourthstone LLC raised its holdings in shares of Pathfinder Bancorp by 69.2% in the 3rd quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company’s stock worth $1,262,000 after acquiring an additional 32,604 shares during the last quarter. Institutional investors and hedge funds own 26.73% of the company’s stock.

Pathfinder Bancorp Company Profile

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.