Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Plans Dividend Increase - $0.10 Per Share

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) announced a quarterly dividend on Monday, April 1st, Zacks reports. Investors of record on Friday, April 19th will be given a dividend of 0.10 per share by the savings and loans company on Friday, May 10th. This represents a $0.40 annualized dividend and a yield of 3.32%. The ex-dividend date is Thursday, April 18th. This is a positive change from Pathfinder Bancorp's previous quarterly dividend of $0.09.

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

Pathfinder Bancorp Stock Down 0.4 %

PBHC traded down $0.05 during trading on Wednesday, hitting $12.05. The company had a trading volume of 2,257 shares, compared to its average volume of 2,497. The company has a market capitalization of $56.88 million, a PE ratio of 8.01 and a beta of 0.15. Pathfinder Bancorp has a one year low of $11.41 and a one year high of $17.25. The firm's 50-day moving average price is $12.38 and its 200 day moving average price is $13.05. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.42.

Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The savings and loans company reported $0.41 EPS for the quarter. Pathfinder Bancorp had a net margin of 12.76% and a return on equity of 8.05%. The company had revenue of $10.48 million during the quarter.

Insider Activity at Pathfinder Bancorp

In other news, SVP Robert G. Jr. Butkowski bought 3,500 shares of the business's stock in a transaction that occurred on Thursday, March 7th. The stock was acquired at an average cost of $11.95 per share, for a total transaction of $41,825.00. Following the purchase, the senior vice president now owns 14,291 shares of the company's stock, valued at approximately $170,777.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders bought 6,200 shares of company stock worth $73,504. Insiders own 24.00% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Alliancebernstein L.P. raised its holdings in Pathfinder Bancorp by 32.9% in the 2nd quarter. Alliancebernstein L.P. now owns 161,871 shares of the savings and loans company's stock valued at $2,256,000 after acquiring an additional 40,089 shares during the period. Vanguard Group Inc. boosted its position in Pathfinder Bancorp by 7.9% in the third quarter. Vanguard Group Inc. now owns 37,290 shares of the savings and loans company's stock valued at $493,000 after buying an additional 2,735 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in Pathfinder Bancorp by 68.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 18,313 shares of the savings and loans company's stock valued at $351,000 after buying an additional 7,463 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Pathfinder Bancorp by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 16,382 shares of the savings and loans company's stock valued at $333,000 after buying an additional 746 shares in the last quarter. Finally, Northern Trust Corp acquired a new stake in Pathfinder Bancorp in the fourth quarter valued at approximately $167,000. 26.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, TheStreet downgraded shares of Pathfinder Bancorp from a "b-" rating to a "c+" rating in a research note on Wednesday, February 21st.

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.