Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Declares Dividend Increase – $0.10 Per Share

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) announced a quarterly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Friday, April 19th will be paid a dividend of 0.10 per share by the savings and loans company on Friday, May 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Thursday, April 18th. This is a positive change from Pathfinder Bancorp’s previous quarterly dividend of $0.09.

Pathfinder Bancorp has raised its dividend by an average of 14.5% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Pathfinder Bancorp Stock Down 0.3 %

Shares of Pathfinder Bancorp stock opened at $11.94 on Wednesday. The stock’s fifty day moving average is $12.10 and its 200-day moving average is $12.94. The firm has a market capitalization of $56.36 million, a PE ratio of 7.91 and a beta of 0.15. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.42. Pathfinder Bancorp has a 12-month low of $11.41 and a 12-month high of $16.49.

Pathfinder Bancorp (NASDAQ:PBHC) last announced its earnings results on Thursday, February 1st. The savings and loans company reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $10.48 million for the quarter. Pathfinder Bancorp had a return on equity of 8.05% and a net margin of 12.76%.

Analysts Set New Price Targets

Separately, TheStreet downgraded Pathfinder Bancorp from a “b-” rating to a “c+” rating in a research note on Wednesday, February 21st.

Insider Transactions at Pathfinder Bancorp

In related news, SVP Robert G. Jr. Butkowski purchased 3,500 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was bought at an average price of $11.95 per share, for a total transaction of $41,825.00. Following the purchase, the senior vice president now owns 14,291 shares in the company, valued at approximately $170,777.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders purchased 6,200 shares of company stock worth $73,504. 24.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Pathfinder Bancorp

Large investors have recently made changes to their positions in the business. Creative Planning acquired a new position in shares of Pathfinder Bancorp during the 3rd quarter worth about $28,000. BlackRock Inc. lifted its position in shares of Pathfinder Bancorp by 9.9% during the 2nd quarter. BlackRock Inc. now owns 9,701 shares of the savings and loans company’s stock worth $135,000 after purchasing an additional 874 shares during the last quarter. Northern Trust Corp acquired a new position in shares of Pathfinder Bancorp during the 4th quarter worth about $167,000. Dimensional Fund Advisors LP lifted its position in shares of Pathfinder Bancorp by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 16,382 shares of the savings and loans company’s stock worth $333,000 after purchasing an additional 746 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in shares of Pathfinder Bancorp by 68.8% during the 4th quarter. Advisor Group Holdings Inc. now owns 18,313 shares of the savings and loans company’s stock worth $351,000 after purchasing an additional 7,463 shares during the last quarter. Institutional investors and hedge funds own 26.73% 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.