Pathfinder Bancorp (NASDAQ:PBHC) Shares Cross Below 200-Day Moving Average - Should You Sell?

Key Points

• Pathfinder Bancorp's stock price fell below its 200-day moving average, trading as low as $14.61, with the average set at $15.62.
• The company recently announced a quarterly dividend payout of $0.10, representing an annualized dividend yield of 2.7%, though with a payout ratio of 114.29%.
• Several institutional investors have recently acquired new positions in Pathfinder Bancorp, with 26.73% of the stock now owned by hedge funds and other institutions.

Shares of Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.62 and traded as low as $14.61. Pathfinder Bancorp shares last traded at $14.62, with a volume of 1,248 shares changing hands.

Pathfinder Bancorp Trading Up 0.5%

The firm has a market capitalization of $70.89 million, a PE ratio of 42.29 and a beta of 0.16. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.17. The stock's fifty day simple moving average is $14.83 and its 200 day simple moving average is $15.54.

Pathfinder Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, July 18th. Pathfinder Bancorp's dividend payout ratio is currently 114.29%.

Institutional Trading of Pathfinder Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fourthstone LLC purchased a new stake in Pathfinder Bancorp during the second quarter valued at approximately $1,229,000. Dimensional Fund Advisors LP increased its stake 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 worth $335,000 after purchasing an additional 1,032 shares in the last quarter. Clark Capital Management Group Inc. purchased a new stake in shares of Pathfinder Bancorp in the first quarter worth $280,000. FNY Investment Advisers LLC purchased a new stake in shares of Pathfinder Bancorp in the first quarter worth $256,000. Finally, Northern Trust Corp purchased a new stake in shares of Pathfinder Bancorp in the fourth quarter worth $229,000. 26.73% of the stock is owned by hedge funds and other institutional investors.

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.