Pathfinder Bancorp (NASDAQ:PBHC) Share Price Crosses Below 200 Day Moving Average - Time to 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.

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report)'s share price 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 traded.

Pathfinder Bancorp Trading Up 0.3%

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.71 and a quick ratio of 0.71. The stock has a market cap of $70.65 million, a price-to-earnings ratio of 42.14 and a beta of 0.16. The business's fifty day simple moving average is $14.84 and its 200 day simple moving average is $15.56.

Pathfinder Bancorp Announces Dividend

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

Institutional Investors Weigh In On Pathfinder Bancorp

A number of hedge funds have recently added to or reduced their stakes in PBHC. Raymond James Financial Inc. bought a new stake in Pathfinder Bancorp in the second quarter valued at $52,000. Northern Trust Corp bought a new stake in Pathfinder Bancorp in the fourth quarter valued at $229,000. FNY Investment Advisers LLC bought a new stake in shares of Pathfinder Bancorp during the first quarter valued at about $256,000. Clark Capital Management Group Inc. bought a new stake in shares of Pathfinder Bancorp during the first quarter valued at about $280,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Pathfinder Bancorp by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 19,640 shares of the savings and loans company's stock valued at $335,000 after purchasing an additional 1,032 shares in the last quarter. 26.73% of the stock is currently owned by 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.