Pathfinder Bancorp (NASDAQ:PBHC) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.22 and traded as low as $16.07. Pathfinder Bancorp shares last traded at $16.45, with a volume of 94,708 shares trading hands.

Pathfinder Bancorp Trading Down 5.7 %

The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.33. The business has a 50 day simple moving average of $17.45 and a two-hundred day simple moving average of $16.22. The stock has a market cap of $77.64 million, a price-to-earnings ratio of 51.41 and a beta of 0.22.

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

Pathfinder Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 17th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.40 annualized dividend and a dividend yield of 2.43%. Pathfinder Bancorp’s payout ratio is 125.00%.

Insider Buying and Selling

In other Pathfinder Bancorp news, Director Eric Allyn sold 8,169 shares of Pathfinder Bancorp stock in a transaction on Thursday, December 5th. The shares were 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 owns 6,124 shares of the company’s stock, valued at $102,883.20. The trade was a 57.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 22.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 1,941 shares during the period. Inspire Investing LLC acquired a new stake in shares of Pathfinder Bancorp during the 3rd quarter worth approximately $807,000. Finally, Fourthstone LLC lifted 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 purchasing an additional 32,604 shares during the last quarter. 26.73% of the stock is currently owned by institutional investors.

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.