Pathfinder Bancorp, Inc. (PBHC) to Issue Quarterly Dividend of $0.10 on February 7th

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) declared a quarterly dividend on Monday, December 23rd,Wall Street Journal reports. Stockholders of record on Friday, January 17th will be given a dividend of 0.10 per share by the savings and loans company on Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Friday, January 17th.

Pathfinder Bancorp has increased its dividend payment by an average of 13.0% annually over the last three years.

Pathfinder Bancorp Price Performance

Shares of NASDAQ:PBHC opened at $15.38 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market cap of $72.59 million, a price-to-earnings ratio of 48.06 and a beta of 0.22. The business has a 50-day simple moving average of $17.38 and a two-hundred day simple moving average of $16.31. Pathfinder Bancorp has a fifty-two week low of $11.41 and a fifty-two week high of $19.86.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its earnings results on Wednesday, October 30th. The savings and loans company reported ($0.75) earnings per share (EPS) for the quarter. The company had revenue of $13.44 million during the quarter. Pathfinder Bancorp had a return on equity of 1.65% and a net margin of 2.42%.

Insiders Place Their Bets

In other news, Director Eric Allyn sold 8,169 shares of Pathfinder Bancorp stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $16.80, for a total transaction of $137,239.20. Following the transaction, the director now owns 6,124 shares in the company, valued at $102,883.20. This trade represents a 57.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 22.40% of the company’s stock.

Pathfinder Bancorp Company Profile

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.