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Pathfinder Bancorp (NASDAQ:PBHC) Share Price Passes Below 200 Day Moving Average - Here's Why

Pathfinder Bancorp logo with Finance background

Key Points

  • Pathfinder Bancorp's stock price has fallen below its 200-day moving average of $15.83, trading at $14.99 with a trading volume of 4,690 shares.
  • The company has announced a quarterly dividend of $0.10 per share, with a dividend yield of 2.67% and a payout ratio of 59.70%.
  • Recent institutional trading activity shows that hedge funds own 26.73% of Pathfinder Bancorp's stock, with notable purchases in the last quarters.
  • Looking to export and analyze Pathfinder Bancorp data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.83 and traded as low as $14.99. Pathfinder Bancorp shares last traded at $14.99, with a volume of 4,690 shares changing hands.

Pathfinder Bancorp Price Performance

The company has a fifty day moving average of $15.12 and a 200 day moving average of $15.82. The firm has a market capitalization of $71.52 million, a P/E ratio of 22.43 and a beta of 0.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.73 and a quick ratio of 0.73.

Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The savings and loans company reported $0.41 earnings per share for the quarter. The business had revenue of $12.61 million for the quarter. Pathfinder Bancorp had a net margin of 5.23% and a return on equity of 3.75%.

Pathfinder Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Friday, July 18th will be paid a $0.10 dividend. The ex-dividend date is Friday, July 18th. This represents a $0.40 annualized dividend and a dividend yield of 2.66%. Pathfinder Bancorp's payout ratio is presently 59.70%.

Institutional Trading of Pathfinder Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of PBHC. Clark Capital Management Group Inc. bought a new position in shares of Pathfinder Bancorp in the 1st quarter valued at about $280,000. FNY Investment Advisers LLC acquired a new stake in shares of Pathfinder Bancorp in the 1st quarter worth $256,000. Northern Trust Corp acquired a new stake in Pathfinder Bancorp during the 4th quarter worth about $229,000. Dimensional Fund Advisors LP grew its position in 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 worth $335,000 after purchasing an additional 1,032 shares during the period. Finally, Fourthstone LLC grew its holdings in Pathfinder Bancorp by 10.8% in the fourth quarter. Fourthstone LLC now owns 88,300 shares of the savings and loans company's stock valued at $1,545,000 after purchasing an additional 8,579 shares during the period. Institutional investors own 26.73% of the company's stock.

About Pathfinder Bancorp

(Get Free Report)

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.

Further Reading

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