Pathfinder Bancorp, Inc. to Issue Quarterly Dividend of $0.10 (NASDAQ:PBHC)

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) announced a quarterly dividend on Tuesday, December 24th,Wall Street Journal reports. Shareholders of record on Friday, January 17th will be paid 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 2.30%. The ex-dividend date of this dividend is Friday, January 17th.

Pathfinder Bancorp has raised its dividend by an average of 14.5% per year over the last three years.

Pathfinder Bancorp Stock Down 1.4 %

Shares of PBHC stock traded down $0.24 during mid-day trading on Tuesday, hitting $17.37. 1,362 shares of the stock traded hands, compared to its average volume of 4,079. 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 market cap of $81.99 million, a P/E ratio of 54.28 and a beta of 0.23. Pathfinder Bancorp has a 52-week low of $11.41 and a 52-week high of $19.86. The stock’s fifty day moving average is $17.46 and its two-hundred day moving average is $15.85.

Pathfinder Bancorp (NASDAQ:PBHC) last posted its quarterly 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%.

Insider Activity

In other Pathfinder Bancorp news, Director Eric Allyn sold 8,169 shares of the company’s 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 completion of the transaction, the director now directly owns 6,124 shares in the company, valued at approximately $102,883.20. This represents a 57.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 22.40% of the company’s stock.

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.