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

Key Points

• Pathfinder Bancorp shares slipped below their 200-day moving average, trading as low as $13.80 and last changing hands at $13.88, with the stock down about 0.9% on the day.
• Sentiment remains weak after Weiss Ratings reiterated a “sell (d)” rating, and MarketBeat data shows the stock’s average rating is currently “Sell.”
• The company reported mixed fundamentals and a modest dividend: quarterly EPS was $0.38 on revenue of $11.49 million, while it declared a $0.10 quarterly dividend, implying a 2.9% annualized yield.

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.96 and traded as low as $13.80. Pathfinder Bancorp shares last traded at $13.88, with a volume of 4,103 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Pathfinder Bancorp in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of "Sell".

Pathfinder Bancorp Trading Down 0.9%

The company has a market capitalization of $67.73 million, a P/E ratio of -22.03 and a beta of 0.18. The company has a 50-day simple moving average of $13.46 and a 200 day simple moving average of $13.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 0.73.

Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The savings and loans company reported $0.38 earnings per share for the quarter. The company had revenue of $11.49 million during the quarter. Pathfinder Bancorp had a negative return on equity of 3.20% and a negative net margin of 4.96%.

Pathfinder Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Friday, April 17th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, April 17th. This represents a $0.40 dividend on an annualized basis and a yield of 2.9%. Pathfinder Bancorp's dividend payout ratio is -63.49%.

Insider Transactions at Pathfinder Bancorp

In related news, Director Adam C. Gagas purchased 1,950 shares of the firm's stock in a transaction on Friday, February 13th. The shares were bought at an average cost of $13.75 per share, for a total transaction of $26,812.50. Following the transaction, the director directly owned 17,756 shares of the company's stock, valued at approximately $244,145. This trade represents a 12.34% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 15.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Pathfinder Bancorp

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in Pathfinder Bancorp during the second quarter worth about $52,000. Osaic Holdings Inc. raised its holdings in Pathfinder Bancorp by 102.1% in the 2nd quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company's stock valued at $537,000 after acquiring an additional 17,079 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Pathfinder Bancorp by 26.1% in the 3rd quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company's stock valued at $6,992,000 after acquiring an additional 92,397 shares in the last quarter. Institutional investors own 26.73% of the company's stock.

Pathfinder Bancorp Company Profile

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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