Clark Capital Management Group Inc. Makes New Investment in Pathfinder Bancorp, Inc. $PBHC

Key Points

• Clark Capital Management Group Inc. has purchased a new stake in Pathfinder Bancorp, acquiring 17,062 shares valued at approximately $280,000 during the 1st quarter.
• Institutional investors now own 26.73% of Pathfinder Bancorp's stock, with other notable acquisitions including Northern Trust Corp and Dimensional Fund Advisors LP in recent quarters.
• Pathfinder Bancorp recently announced a quarterly dividend of $0.10 per share, representing a 2.7% yield, while the company's payout ratio stands at 114.29%.

Clark Capital Management Group Inc. acquired a new stake in shares of Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,062 shares of the savings and loans company's stock, valued at approximately $280,000. Clark Capital Management Group Inc. owned about 0.36% of Pathfinder Bancorp as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Pathfinder Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 19,640 shares of the savings and loans company's stock worth $335,000 after buying an additional 1,032 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Pathfinder Bancorp in the 1st quarter worth about $256,000. Finally, Northern Trust Corp acquired a new stake in Pathfinder Bancorp in the 4th quarter worth about $229,000. 26.73% of the stock is owned by institutional investors and hedge funds.

Pathfinder Bancorp Trading Up 0.5%

Shares of Pathfinder Bancorp stock traded up $0.08 during trading hours on Tuesday, reaching $15.18. The stock had a trading volume of 18,797 shares, compared to its average volume of 3,928. The firm has a 50 day simple moving average of $14.85 and a two-hundred day simple moving average of $15.39. The firm has a market capitalization of $72.69 million, a price-to-earnings ratio of 43.36 and a beta of 0.16. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.17. Pathfinder Bancorp, Inc. has a 1 year low of $13.71 and a 1 year high of $19.86.

Pathfinder Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 18th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, July 18th. Pathfinder Bancorp's dividend payout ratio (DPR) is presently 114.29%.

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.