Pathfinder Bancorp, Inc. Announces Quarterly Dividend of $0.10 (NASDAQ:PBHC)

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) announced a quarterly dividend on Tuesday, December 24th,Wall Street Journal reports. Stockholders of record on Friday, January 17th will be given a dividend of 0.10 per share by the savings and loans company on Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, January 17th.

Pathfinder Bancorp has increased its dividend by an average of 14.5% per year over the last three years.

Pathfinder Bancorp Stock Down 1.4 %

Shares of NASDAQ:PBHC traded down $0.24 during midday trading on Tuesday, hitting $17.37. 1,362 shares of the company’s stock were exchanged, compared to its average volume of 4,079. Pathfinder Bancorp has a 12 month low of $11.41 and a 12 month high of $19.86. The company has a market cap of $81.99 million, a PE ratio of 54.28 and a beta of 0.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a 50 day moving average price of $17.46 and a 200-day moving average price of $15.85.

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

Insider Buying and Selling

In other Pathfinder Bancorp news, Director Eric Allyn sold 8,169 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $16.80, for a total transaction of $137,239.20. Following the completion of the transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 22.40% of the stock is owned by corporate insiders.

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.