Pathfinder Bancorp (NASDAQ:PBHC) Share Price Passes Below 200-Day Moving Average of $12.82

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.82 and traded as low as $12.35. Pathfinder Bancorp shares last traded at $12.35, with a volume of 404 shares trading hands.

Analysts Set New Price Targets

Separately, TheStreet cut shares of Pathfinder Bancorp from a “b-” rating to a “c+” rating in a research report on Wednesday, February 21st.

Pathfinder Bancorp Stock Performance

The firm has a market capitalization of $58.29 million, a P/E ratio of 8.70 and a beta of 0.13. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.42. The business’s 50 day simple moving average is $12.23 and its two-hundred day simple moving average is $12.81.

Pathfinder Bancorp (NASDAQ:PBHC) last released its quarterly earnings data on Monday, April 29th. The savings and loans company reported $0.34 earnings per share for the quarter. The business had revenue of $11.16 million during the quarter. Pathfinder Bancorp had a net margin of 11.50% and a return on equity of 7.57%.

Pathfinder Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 19th will be paid a dividend of $0.10 per share. This is a positive change from Pathfinder Bancorp’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date is Thursday, April 18th. Pathfinder Bancorp’s dividend payout ratio (DPR) is currently 28.17%.

Insider Buying and Selling at Pathfinder Bancorp

In related news, SVP Robert G. Jr. Butkowski purchased 3,500 shares of Pathfinder Bancorp stock in a transaction dated Thursday, March 7th. The stock was purchased at an average cost of $11.95 per share, for a total transaction of $41,825.00. Following the completion of the purchase, the senior vice president now directly owns 14,291 shares of the company’s stock, valued at approximately $170,777.45. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders bought 6,200 shares of company stock worth $73,504. 24.00% of the stock is owned by corporate insiders.

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.