Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Short Interest Update

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,400 shares, a decrease of 58.5% from the March 15th total of 8,200 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 1.7 days. Currently, 0.1% of the shares of the stock are sold short.

Insider Activity

In related news, SVP Robert G. Jr. Butkowski purchased 3,500 shares of the stock in a transaction on Thursday, March 7th. The shares were purchased at an average cost of $11.95 per share, for a total transaction of $41,825.00. Following the completion of the transaction, the senior vice president now directly owns 14,291 shares of the company's stock, valued at approximately $170,777.45. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 6,200 shares of company stock worth $73,504. Company insiders own 24.00% of the company's stock.

Hedge Funds Weigh In On Pathfinder Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in PBHC. Creative Planning acquired a new position in shares of Pathfinder Bancorp in the 3rd quarter valued at approximately $28,000. BlackRock Inc. boosted its holdings in shares of Pathfinder Bancorp by 9.9% in the second quarter. BlackRock Inc. now owns 9,701 shares of the savings and loans company's stock valued at $135,000 after buying an additional 874 shares during the period. Northern Trust Corp bought a new stake in shares of Pathfinder Bancorp during the fourth quarter worth $167,000. Dimensional Fund Advisors LP increased its position in shares of Pathfinder Bancorp by 4.8% during the third quarter. Dimensional Fund Advisors LP now owns 16,382 shares of the savings and loans company's stock worth $333,000 after acquiring an additional 746 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in shares of Pathfinder Bancorp by 68.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 18,313 shares of the savings and loans company's stock worth $351,000 after acquiring an additional 7,463 shares during the period. 26.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Pathfinder Bancorp Price Performance

NASDAQ PBHC remained flat at $12.58 on Thursday. The company had a trading volume of 101 shares, compared to its average volume of 2,327. Pathfinder Bancorp has a fifty-two week low of $11.41 and a fifty-two week high of $16.57. The company has a 50 day moving average of $12.15 and a 200 day moving average of $12.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $59.35 million, a PE ratio of 8.33 and a beta of 0.15.

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

Pathfinder Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 19th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, April 18th. This is an increase from Pathfinder Bancorp's previous quarterly dividend of $0.09. Pathfinder Bancorp's dividend payout ratio is presently 26.49%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.