Pathfinder Bancorp (NASDAQ:PBHC) Releases Earnings Results

by · The Markets Daily

Pathfinder Bancorp (NASDAQ:PBHC – Get Free Report) posted its earnings results on Thursday. The savings and loans company reported ($1.11) earnings per share (EPS) for the quarter, Zacks reports. Pathfinder Bancorp had a negative return on equity of 2.73% and a negative net margin of 4.16%.The firm had revenue of $12.21 million for the quarter.

Pathfinder Bancorp Price Performance

Shares of Pathfinder Bancorp stock traded down $0.57 during mid-day trading on Friday, reaching $13.68. 1,076 shares of the stock traded hands, compared to its average volume of 855. The stock has a market capitalization of $65.53 million, a PE ratio of -22.80 and a beta of 0.11. Pathfinder Bancorp has a fifty-two week low of $13.35 and a fifty-two week high of $17.50. The business has a 50-day moving average of $14.19 and a 200 day moving average of $14.70. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.15.

Pathfinder Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, January 16th. Pathfinder Bancorp’s payout ratio is -66.67%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Pathfinder Bancorp in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Get Our Latest Research Report on Pathfinder Bancorp

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in Pathfinder Bancorp in the second quarter valued at $52,000. Osaic Holdings Inc. grew its stake 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 during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Pathfinder Bancorp by 26.1% during 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. 26.73% of the stock is currently owned by institutional investors and hedge funds.

Pathfinder Bancorp Company Profile

(Get Free Report)

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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