Pathfinder Bancorp (NASDAQ:PBHC) Share Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Pathfinder Bancorp's stock price has fallen below its 200-day moving average of $15.50, trading at $14.92 on Friday with a volume of 558 shares.
• The company recently announced a quarterly dividend payment of $0.10, yielding an annualized dividend of $0.40, which results in a yield of 2.7% despite a payout ratio of 114.29%.
• Institutional investors hold 26.73% of Pathfinder Bancorp's shares, with several hedge funds acquiring new stakes in the company throughout the last year.

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.50 and traded as low as $14.92. Pathfinder Bancorp shares last traded at $14.93, with a volume of 558 shares trading hands.

Pathfinder Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $71.66 million, a PE ratio of 42.74 and a beta of 0.16. The company's 50 day simple moving average is $14.86 and its 200 day simple moving average is $15.46.

Pathfinder Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Pathfinder Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in Pathfinder Bancorp during the second quarter valued at about $52,000. Northern Trust Corp purchased a new position in shares of Pathfinder Bancorp in the fourth quarter valued at $229,000. FNY Investment Advisers LLC purchased a new position in shares of Pathfinder Bancorp in the first quarter valued at $256,000. Clark Capital Management Group Inc. purchased a new position in shares of Pathfinder Bancorp in the first quarter valued at $280,000. Finally, Dimensional Fund Advisors LP grew its position 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 purchasing an additional 1,032 shares in the last quarter. 26.73% of the stock is owned by hedge funds and other 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.