Pathfinder Bancorp (NASDAQ:PBHC) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• Pathfinder Bancorp's share price has fallen below its 200-day moving average of $15.69, hitting a low of $14.29 during trading.
• The company recently announced a quarterly dividend of $0.10 per share, resulting in an annualized yield of 2.8% despite a high dividend payout ratio of 114.29%.
• Institutional investors own 26.73% of Pathfinder Bancorp's stock, with recent purchases by multiple hedge funds indicating renewed interest in the company.

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.69 and traded as low as $14.29. Pathfinder Bancorp shares last traded at $14.30, with a volume of 1,598 shares trading hands.

Pathfinder Bancorp Stock Up 1.7%

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $69.52 million, a P/E ratio of 41.73 and a beta of 0.16. The stock has a 50 day moving average price of $14.93 and a 200 day moving average price of $15.67.

Pathfinder Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 18th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, July 18th. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. Pathfinder Bancorp's payout ratio is presently 114.29%.

Institutional Investors Weigh In On Pathfinder Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northern Trust Corp acquired a new position in Pathfinder Bancorp in the fourth quarter worth $229,000. Dimensional Fund Advisors LP raised its holdings in shares of Pathfinder Bancorp by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 19,640 shares of the savings and loans company's stock valued at $335,000 after buying an additional 1,032 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Pathfinder Bancorp during the 1st quarter worth about $256,000. Fourthstone LLC increased its position in Pathfinder Bancorp by 10.8% in the 4th quarter. Fourthstone LLC now owns 88,300 shares of the savings and loans company's stock valued at $1,545,000 after acquiring an additional 8,579 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Pathfinder Bancorp in the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 26.73% of the company's stock.

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.