Pathfinder Bancorp Reports Quarterly Earnings and Dividend Announcement

Pathfinder Bancorp (NASDAQ: PBHC) announced its quarterly earnings results on February 1, 2024, revealing a loss of $1.11 per share for the quarter. The savings and loans company reported a return on equity of 6.37% and a net margin of 9.09%, according to data from Zacks.

In trading on the same day, Pathfinder Bancorp’s stock experienced a slight decline, dropping $0.01 to reach $14.24. The trading volume for the day was relatively low, with only 179 shares changing hands compared to its average volume of 1,031. The company’s financial ratios show a current ratio of 0.72, a quick ratio of 0.72, and a debt-to-equity ratio of 0.15. Over the past year, the stock has fluctuated, with a 52-week low of $13.35 and a high of $17.50. The market capitalization stands at $68.21 million, with a price-to-earnings (P/E) ratio of 11.87 and a beta of 0.11. The fifty-day and two-hundred-day simple moving averages are $14.20 and $14.72, respectively.

Dividend Declaration

Pathfinder Bancorp also announced a quarterly dividend of $0.10 per share, which will be distributed on February 6, 2024. Shareholders on record as of January 16, 2024, will receive this dividend, representing an annualized payout of $0.40 and a yield of 2.8%. The ex-dividend date is also set for January 16, 2024. The dividend payout ratio currently stands at 33.33%.

Institutional Investment Activity

Recent trading activity indicates a shift in institutional investment for Pathfinder Bancorp. Notable transactions include AllianceBernstein L.P. increasing its stake by 26.1% in the third quarter, acquiring an additional 92,397 shares to reach a total of 446,053 shares, valued at approximately $6.99 million. Similarly, Osaic Holdings Inc. boosted its holdings by 102.1% in the second quarter, now owning 33,803 shares worth $537,000 after purchasing an additional 17,079 shares. Additionally, Raymond James Financial Inc. established a new position in the company valued at around $52,000. Currently, institutional investors and hedge funds own 26.73% of Pathfinder Bancorp’s stock.

Pathfinder Bancorp, based in northeastern Pennsylvania, operates primarily through its subsidiary, Pathfinder Bank. The company offers a variety of commercial and consumer banking services, including checking and savings accounts, time deposits, and retirement accounts. Its lending services encompass commercial real estate loans, construction and land development financing, agricultural credits, equipment loans, and consumer installment loans, serving individuals, small businesses, and community organizations across its local market.

As Pathfinder Bancorp navigates its financial landscape, stakeholders will be closely monitoring the impact of these earnings results and the upcoming dividend on investor sentiment and market performance.