Pathfinder Bancorp (NASDAQ:PBHC) Announces Earnings Results

Pathfinder Bancorp (NASDAQ:PBHC - Get Free Report) released its earnings results on Friday, reporting an earnings per share (EPS) of $0.69 for the recent quarter according to Zacks. The company achieved a return on equity of 1.65% and maintained a net margin of 2.42%.

Stock Performance of Pathfinder Bancorp

During midday trading on Friday, shares of PBHC decreased by $0.32, settling at $16.68. The trading volume reached 2,561 shares, significantly lower than the average trading volume of 10,809 shares. The 50-day moving average price for the stock stands at $17.07, while the 200-day moving average price is $16.56. Pathfinder Bancorp's financial metrics include a debt-to-equity ratio of 0.33, a current ratio of 0.74, and a quick ratio of 0.74. Over the last twelve months, the company's stock recorded a low of $11.41 and a high of $19.86. The market capitalization of Pathfinder Bancorp is currently at $78.73 million, with a price-to-earnings ratio of 52.13 and a beta figure of 0.22.

Dividend Declaration by Pathfinder Bancorp

In addition to its earnings report, Pathfinder Bancorp declared a quarterly dividend, scheduled to be paid on Friday, February 7th. Shareholders who are on record by Friday, January 17th will receive a dividend of $0.10 per share. This figure translates to an annualized dividend of $0.40 and results in a yield of 2.40%. The ex-dividend date is also set for January 17th. Currently, the company's dividend payout ratio is 125.00%, indicating that the payout exceeds its earnings.

Insider Transactions at Pathfinder Bancorp

In other news, Director Eric Allyn sold 8,169 shares of Pathfinder Bancorp stock on Thursday, December 5th. The shares were sold at an average price of $16.80, totaling approximately $137,239.20. Following this transaction, the director holds 6,124 shares, valued around $102,883.20. This sale represents a reduction of 57.15% in his ownership stake. The details of this transaction were disclosed in a filing with the Securities and Exchange Commission, which is publicly accessible. Insiders currently own around 22.40% of the company’s share common stock.

About Pathfinder Bancorp

Pathfinder Bancorp, Inc operates as a holding company for Pathfinder Bank, providing a variety of banking and financial products and services primarily in New York. Their offerings include deposit products such as checking accounts, savings accounts, money market deposits, certificates of deposit, and both demand and time deposits.

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