Pathfinder Bancorp (NASDAQ:PBHC) Stock Passes Below 200 Day Moving Average - Here's What Happened

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)'s share price 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 traded.

Pathfinder Bancorp Stock Up 0.5%

The company's 50 day moving average price is $14.92 and its two-hundred day moving average price is $15.65. The firm has a market cap of $70.31 million, a PE ratio of 42.20 and a beta of 0.16. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14.

Pathfinder Bancorp Announces Dividend

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

Institutional Trading of Pathfinder Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp bought a new stake in shares of Pathfinder Bancorp during the 4th quarter valued at $229,000. Dimensional Fund Advisors LP raised its position in shares of Pathfinder Bancorp by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 19,640 shares of the savings and loans company's stock valued at $335,000 after purchasing an additional 1,032 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Pathfinder Bancorp during the 1st quarter valued at $256,000. Raymond James Financial Inc. bought a new stake in shares of Pathfinder Bancorp during the 2nd quarter valued at $52,000. Finally, Fourthstone LLC bought a new stake in shares of Pathfinder Bancorp during the 2nd quarter valued at $1,229,000. 26.73% of the stock is currently owned by institutional investors.

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.