Pathfinder Bancorp, Inc. (NASDAQ:PBHC) to Issue $0.10 Quarterly Dividend

Key Points

• Pathfinder Bancorp, Inc. has declared a quarterly dividend of $0.10 per share, to be paid on November 7th to shareholders of record by October 17th, representing a yield of 2.6%.
• The company's stock recently traded at $15.58, showing a 12-month range between a low of $13.55 and a high of $19.86, with a market cap of $74.61 million.
• Institutional investors currently hold 26.73% of Pathfinder Bancorp's stock, with notable recent purchases by Osaic Holdings Inc., Raymond James Financial Inc., and Fourthstone LLC.

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) declared a quarterly dividend on Monday, September 29th, RTT News reports. Shareholders of record on Friday, October 17th will be given a dividend of 0.10 per share by the savings and loans company on Friday, November 7th. This represents a c) dividend on an annualized basis and a yield of 2.6%.

Pathfinder Bancorp Price Performance

Shares of NASDAQ PBHC traded up $0.26 during midday trading on Monday, hitting $15.58. 502 shares of the company's stock were exchanged, compared to its average volume of 5,615. Pathfinder Bancorp has a 12-month low of $13.55 and a 12-month high of $19.86. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.17. The company has a market cap of $74.61 million, a price-to-earnings ratio of 44.51 and a beta of 0.16. The business's fifty day moving average price is $14.89 and its two-hundred day moving average price is $15.21.

Institutional Trading of Pathfinder Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its position in Pathfinder Bancorp by 102.1% in the second quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company's stock valued at $537,000 after purchasing an additional 17,079 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Pathfinder Bancorp during the second quarter valued at approximately $52,000. Fourthstone LLC purchased a new position in shares of Pathfinder Bancorp during the second quarter valued at approximately $1,229,000. Clark Capital Management Group Inc. purchased a new position in shares of Pathfinder Bancorp during the first quarter valued at approximately $280,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Pathfinder Bancorp during the first quarter valued at approximately $256,000. Institutional investors own 26.73% of the company's stock.

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.

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