Pathfinder Bancorp (NASDAQ:PBHC) Stock Crosses Below 200 Day Moving Average - What's Next?

Shares of Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.81 and traded as low as $14.65. Pathfinder Bancorp shares last traded at $14.65, with a volume of 2,356 shares trading hands.

Pathfinder Bancorp Stock Performance

The company has a market capitalization of $69.75 million, a PE ratio of 24.42 and a beta of 0.03. The stock's fifty day simple moving average is $16.08 and its 200-day simple moving average is $16.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.74.

Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The savings and loans company reported $0.41 earnings per share (EPS) for the quarter. Pathfinder Bancorp had a net margin of 4.28% and a return on equity of 3.07%. The business had revenue of $12.61 million for the quarter.

Pathfinder Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, April 17th. Pathfinder Bancorp's dividend payout ratio (DPR) is 66.67%.

Insider Activity

In other news, insider Ronald Tascarella sold 5,000 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $17.00, for a total transaction of $85,000.00. Following the completion of the sale, the insider now owns 48,609 shares in the company, valued at approximately $826,353. The trade was a 9.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William D. O'brien sold 2,353 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $17.14, for a total transaction of $40,330.42. Following the completion of the transaction, the senior vice president now owns 14,865 shares in the company, valued at $254,786.10. The trade was a 13.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,556 shares of company stock valued at $128,803 over the last quarter. Company insiders own 22.40% of the company's stock.

Hedge Funds Weigh In On Pathfinder Bancorp

A number of hedge funds have recently made changes to their positions in PBHC. FNY Investment Advisers LLC acquired a new position in shares of Pathfinder Bancorp during the first quarter worth about $256,000. Northern Trust Corp acquired a new position in Pathfinder Bancorp during the 4th quarter worth approximately $229,000. Dimensional Fund Advisors LP boosted its holdings in Pathfinder Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 19,640 shares of the savings and loans company's stock worth $335,000 after acquiring an additional 1,032 shares during the period. Fourthstone LLC grew its position 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 acquiring an additional 8,579 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Pathfinder Bancorp by 0.9% during the fourth quarter. Alliancebernstein L.P. now owns 288,511 shares of the savings and loans company's stock worth $5,049,000 after purchasing an additional 2,707 shares in the last quarter. Hedge funds and other institutional investors own 26.73% of the company's stock.

About Pathfinder Bancorp

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.

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