Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Insider Ronald Tascarella Sells 5,000 Shares of Stock

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) insider Ronald Tascarella sold 5,000 shares of Pathfinder Bancorp stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $17.00, for a total value of $85,000.00. Following the completion of the transaction, the insider now directly owns 48,609 shares of the company’s stock, valued at approximately $826,353. This represents a 9.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Pathfinder Bancorp Stock Performance

NASDAQ PBHC opened at $17.25 on Tuesday. The company has a market cap of $81.42 million, a P/E ratio of 28.75 and a beta of 0.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a 50-day moving average of $16.93 and a two-hundred day moving average of $16.78. Pathfinder Bancorp, Inc. has a 1-year low of $11.41 and a 1-year high of $19.86.

Pathfinder Bancorp (NASDAQ:PBHC) last released its earnings results on Friday, January 31st. The savings and loans company reported $0.69 earnings per share for the quarter. Pathfinder Bancorp had a return on equity of 3.07% and a net margin of 4.28%.

Pathfinder Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 17th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.32%. The ex-dividend date was Friday, January 17th. Pathfinder Bancorp’s dividend payout ratio is currently 66.67%.

Hedge Funds Weigh In On Pathfinder Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in PBHC. Northern Trust Corp acquired a new position in shares of Pathfinder Bancorp during the fourth quarter worth about $229,000. Dimensional Fund Advisors LP grew its position 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 worth $335,000 after buying an additional 1,032 shares in the last quarter. Inspire Investing LLC grew its position in shares of Pathfinder Bancorp by 16.7% during the fourth quarter. Inspire Investing LLC now owns 58,960 shares of the savings and loans company’s stock worth $1,006,000 after buying an additional 8,436 shares in the last quarter. Fourthstone LLC grew its position in shares of Pathfinder Bancorp by 69.2% during the third quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company’s stock worth $1,262,000 after buying an additional 32,604 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Pathfinder Bancorp by 0.9% during the fourth quarter. Alliancebernstein L.P. now owns 288,511 shares of the savings and loans company’s stock worth $5,049,000 after buying an additional 2,707 shares in the last quarter. 26.73% of the stock is owned by institutional investors and hedge funds.

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.