Short Interest in Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Rises By 26.3%

Key Points

• Short interest in Pathfinder Bancorp rose by 26.3% to 6,120 shares as of March 13, representing about 0.2% of shares outstanding and a short-interest ratio of 1.4 days.
• Director Adam C. Gagas bought 1,950 shares at $13.75 on Feb 13, increasing his stake to 17,756 shares, while company insiders collectively own 15.40% of the stock.
• Weiss Ratings downgraded Pathfinder from "hold (c)" to "sell (d)"; the company reported a ($1.11) EPS for the quarter, has a negative net margin and ROE, and a market cap of about $62.6 million.

Pathfinder Bancorp, Inc. (NASDAQ:PBHC - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 6,120 shares, a growth of 26.3% from the February 26th total of 4,847 shares. Currently, 0.2% of the company's shares are sold short. Based on an average daily trading volume, of 4,531 shares, the short-interest ratio is presently 1.4 days.

Insider Activity at Pathfinder Bancorp

In other news, Director Adam C. Gagas bought 1,950 shares of the stock in a transaction dated Friday, February 13th. The stock was bought at an average cost of $13.75 per share, with a total value of $26,812.50. Following the purchase, the director owned 17,756 shares of the company's stock, valued at approximately $244,145. This represents a 12.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 15.40% of the company's stock.

Hedge Funds Weigh In On Pathfinder Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in shares of Pathfinder Bancorp in the 2nd quarter valued at approximately $52,000. Osaic Holdings Inc. raised its holdings in Pathfinder Bancorp by 102.1% in the second quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company's stock worth $537,000 after purchasing an additional 17,079 shares during the period. Fourthstone LLC bought a new position in shares of Pathfinder Bancorp during the second quarter worth $1,229,000. Finally, Alliancebernstein L.P. boosted its position in shares of Pathfinder Bancorp by 26.1% during the third quarter. Alliancebernstein L.P. now owns 446,053 shares of the savings and loans company's stock worth $6,992,000 after purchasing an additional 92,397 shares in the last quarter. Institutional investors own 26.73% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Pathfinder Bancorp from a "hold (c)" rating to a "sell (d)" rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Pathfinder Bancorp Trading Up 2.4%

PBHC traded up $0.31 during trading on Monday, reaching $13.06. 1,282 shares of the company's stock were exchanged, compared to its average volume of 3,541. The company's fifty day moving average price is $13.51 and its 200-day moving average price is $14.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.72 and a current ratio of 0.72. Pathfinder Bancorp has a fifty-two week low of $12.06 and a fifty-two week high of $16.89. The firm has a market capitalization of $62.60 million, a PE ratio of -21.76 and a beta of 0.10.

Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) last issued its earnings results on Thursday, January 29th. The savings and loans company reported ($1.11) EPS for the quarter. The business had revenue of $12.21 million for the quarter. Pathfinder Bancorp had a negative net margin of 4.16% and a negative return on equity of 2.73%.

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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