Pathfinder Bancorp (NASDAQ:PBHC) Announces Quarterly Earnings Results

Pathfinder Bancorp (NASDAQ:PBHC) announced its quarterly earnings data on Wednesday. The savings and loans company reported ($0.75) earnings per share (EPS) for the quarter, reports. Pathfinder Bancorp had a net margin of 2.42% and a return on equity of 1.64%. The business had revenue of $13.44 million during the quarter.

Pathfinder Bancorp Stock Performance

PBHC stock remained flat at $17.25 during mid-day trading on Friday. 206 shares of the company’s stock traded hands, compared to its average volume of 4,079. Pathfinder Bancorp has a twelve month low of $11.41 and a twelve month high of $19.86. The firm’s 50 day moving average is $16.36 and its two-hundred day moving average is $14.54. The stock has a market cap of $81.42 million, a price-to-earnings ratio of 53.91 and a beta of 0.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.73 and a current ratio of 0.73.

Pathfinder Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $0.40 annualized dividend and a yield of 2.32%. Pathfinder Bancorp’s payout ratio is currently 125.00%.

Insider Buying and Selling

In other Pathfinder Bancorp news, SVP Daniel R. Phillips sold 4,900 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $15.63, for a total value of $76,587.00. Following the completion of the sale, the senior vice president now directly owns 15,317 shares of the company’s stock, valued at $239,404.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 22.40% of the stock is currently owned by insiders.

Institutional Trading of Pathfinder Bancorp

A hedge fund recently bought a new stake in Pathfinder Bancorp stock. Inspire Investing LLC purchased a new stake in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 50,524 shares of the savings and loans company’s stock, valued at approximately $807,000. Inspire Investing LLC owned approximately 1.07% of Pathfinder Bancorp as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 26.73% of the company’s stock.

About Pathfinder Bancorp

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.