Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in shares of Pathfinder Bancorp, Inc. (NASDAQ:PBHC) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,213 shares of the savings and loans company’s stock after selling 763 shares during the period. Geode Capital Management LLC owned approximately 0.49% of Pathfinder Bancorp worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Pathfinder Bancorp by 11.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 18,604 shares of the savings and loans company’s stock worth $245,000 after buying an additional 1,941 shares during the period. Fourthstone LLC raised its holdings in shares of Pathfinder Bancorp by 69.2% in the 3rd quarter. Fourthstone LLC now owns 79,721 shares of the savings and loans company’s stock worth $1,262,000 after purchasing an additional 32,604 shares during the period. Finally, Inspire Investing LLC acquired a new position in shares of Pathfinder Bancorp in the 3rd quarter valued at about $807,000. Institutional investors and hedge funds own 26.73% of the company’s stock.

Insiders Place Their Bets

In other news, Director Eric Allyn sold 8,169 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $16.80, for a total value of $137,239.20. Following the completion of the sale, the director now owns 6,124 shares in the company, valued at approximately $102,883.20. This trade represents a 57.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 22.40% of the stock is currently owned by insiders.

Pathfinder Bancorp Stock Down 4.6 %

Shares of NASDAQ:PBHC opened at $15.70 on Monday. Pathfinder Bancorp, Inc. has a 1 year low of $11.41 and a 1 year high of $19.86. The stock has a 50-day simple moving average of $17.40 and a 200-day simple moving average of $16.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $74.10 million, a P/E ratio of 49.06 and a beta of 0.22.

Pathfinder Bancorp (NASDAQ:PBHC) last released its quarterly earnings data on Wednesday, October 30th. The savings and loans company reported ($0.75) earnings per share (EPS) for the quarter. Pathfinder Bancorp had a return on equity of 1.65% and a net margin of 2.42%. The business had revenue of $13.44 million for the quarter.

Pathfinder Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, January 17th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.55%. The ex-dividend date is Friday, January 17th. Pathfinder Bancorp’s dividend payout ratio (DPR) is presently 125.00%.

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.