Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Sees Large Drop in Short Interest

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 2,800 shares, a decline of 24.3% from the April 15th total of 3,700 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.1% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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

Pathfinder Bancorp Stock Performance

NASDAQ:PBHC traded down $0.34 during trading hours on Friday, reaching $12.26. The company had a trading volume of 4,658 shares, compared to its average volume of 1,647. The firm has a market cap of $57.87 million, a PE ratio of 8.63 and a beta of 0.13. Pathfinder Bancorp has a 1-year low of $11.41 and a 1-year high of $15.90. The business's 50 day moving average price is $12.29 and its 200-day moving average price is $12.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.74 and a quick ratio of 0.74.

Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last posted its earnings results on Monday, April 29th. The savings and loans company reported $0.34 earnings per share (EPS) for the quarter. The firm had revenue of $11.16 million during the quarter. Pathfinder Bancorp had a net margin of 11.50% and a return on equity of 7.57%.

Pathfinder Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 19th were issued a $0.10 dividend. This is a boost from Pathfinder Bancorp's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $0.40 dividend on an annualized basis and a yield of 3.26%. Pathfinder Bancorp's dividend payout ratio is presently 28.17%.

Insiders Place Their Bets

In other news, SVP Robert G. Jr. Butkowski acquired 3,500 shares of Pathfinder Bancorp stock in a transaction dated Thursday, March 7th. The stock was purchased at an average cost of $11.95 per share, for a total transaction of $41,825.00. Following the completion of the purchase, the senior vice president now directly owns 14,291 shares in the company, valued at approximately $170,777.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders bought 6,200 shares of company stock valued at $73,504. 24.00% of the stock is owned by company insiders.

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.