Pathfinder Bancorp (NASDAQ:PBHC) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• Price breakout: Pathfinder's shares crossed above their 50-day moving average ($13.41), trading as high as $13.60 and last at $13.5550.
• Weak fundamentals and analyst sentiment: The company reported a loss of ($1.11) per share with negative net margin and ROE, and has an average Wall Street rating of "Sell" after Weiss Ratings downgraded it to "sell".
• Dividend and insider activity: Pathfinder declared a quarterly dividend of $0.10 (annualized $0.40, ~3.0% yield), and a director purchased 1,950 shares, leaving insiders with about 15.4% ownership.

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.41 and traded as high as $13.60. Pathfinder Bancorp shares last traded at $13.5550, with a volume of 1,023 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Pathfinder Bancorp from a "hold (c)" rating to a "sell (d)" rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".

Pathfinder Bancorp Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $66.15 million, a price-to-earnings ratio of -22.59 and a beta of 0.12. The business's 50-day simple moving average is $13.41 and its two-hundred day simple moving average is $14.06.

Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last issued its earnings results on Thursday, January 29th. The savings and loans company reported ($1.11) earnings per share for the quarter. Pathfinder Bancorp had a negative net margin of 4.16% and a negative return on equity of 2.74%. The company had revenue of $12.21 million during the quarter.

Pathfinder Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, April 17th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, April 17th. Pathfinder Bancorp's payout ratio is -66.67%.

Insider Activity at Pathfinder Bancorp

In other Pathfinder Bancorp news, Director Adam C. Gagas purchased 1,950 shares of the business's stock in a transaction dated Friday, February 13th. The shares were bought at an average price of $13.75 per share, for a total transaction of $26,812.50. Following the completion of the acquisition, the director owned 17,756 shares in the company, valued at approximately $244,145. This trade represents a 12.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 15.40% of the company's stock.

Institutional Investors Weigh In On Pathfinder Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. increased its position in shares of Pathfinder Bancorp by 26.1% during the third quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company's stock worth $6,992,000 after acquiring an additional 92,397 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Pathfinder Bancorp by 102.1% during the second quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company's stock worth $537,000 after purchasing an additional 17,079 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Pathfinder Bancorp during the second quarter worth about $52,000. 26.73% of the stock is owned by institutional investors.

About Pathfinder Bancorp

Pathfinder Bancorp, Inc is a bank holding company headquartered in northeastern Pennsylvania that operates primarily through its subsidiary, Pathfinder Bank. The company offers a broad range of commercial and consumer banking solutions, including checking and savings accounts, time deposits, certificates of deposit, and retirement accounts. Through its branch network, Pathfinder Bancorp serves individuals, small businesses, and community organizations across its local market.

In addition to traditional deposit products, Pathfinder Bancorp provides a variety of lending services such as commercial real estate loans, construction and land development financing, agricultural credits, equipment loans, and consumer installment loans.

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