Pathfinder Bancorp, Inc. shares had a trading volume of 554 on Tuesday. Overall, volume was down 77.50% under the stocks normal daily volume.
Short traders are feeling a little more bullish of late as shown by the downtick in short interest. The stock experienced a fall in short interest between September 29, 2017 and October 13, 2017 of -44.05%. Short shares decreased 448 over that timeframe. The short-interest ratio decreased to 0.0 and the percentage of shorted shares is 0.00% as of October 13.
Here is a rundown on some insider market activity for Pathfinder Bancorp, Inc. (NASDAQ:PBHC). VP Walter Rusnak disclosed the purchase of 825 shares. The shares were purchased at an average price of $15.59. The VP now owns $25,724 of the stock per the Form 4 SEC filing. George P. Joyce, Director purchased $30,780 worth of shares at an average price of $15.39 on Fri the 22nd. That brings Joyce’s holdings to $1,425,884 per an SEC filing yesterday.
Additionally, here are a few investment firms who have increased or decreased their stake in (PBHC). Tcw Group Inc cut its stake by shedding 44,400 shares a decrease of 47.1% in the quarter. Tcw Group Inc controls 49,964 shares valued at $787,000. The total value of its holdings decreased 42.5%. As of quarter end Maltese Capital Management LLC had sold 3,700 shares trimming its position 1.4%. The value of the company’s investment in Pathfinder Bancorp, Inc. increased from $3,762,000 to $3,987,000 a change of 6.0% since the last quarter.
Blackrock Inc. reduced its holdings by selling 177 shares a decrease of 24.8%. Blackrock Inc. claims 536 shares with a value of $8,000. The value of the position overall is down by 20.0%. As of the end of the quarter Tower Research Capital LLC (trc) had acquired a total of 106 shares growing its stake by 662.5%. The value of the investment in Pathfinder Bancorp, Inc. went from $0 to $2,000 a change of $2,000 quarter to quarter.
The company is so far trading up since yesterday’s close of $15.45. Pathfinder Bancorp, Inc. also recently announced a dividend for shareholders that will be paid on Friday the 3rd of November 2017. The dividend payment will be $0.055 per share for the quarter or $0.22 on an annualized basis. This dividend represents a yield of $1.42. The ex-dividend date is as of Thursday October 12th, 2017.
Company shares last traded at $15.45 which is slightly above $15.27, the 50 day moving average and marginally over the 200 day moving average of $15.26. The 50 day moving average was up by +1.1961% and the 200 day average was up $0.19.
The company’s P/E ratio is 18.3704 and the market cap is 62.93M.
Pathfinder Bancorp, Inc., launched on June 5, 2014, is a bank holding company. The Business’s primary business is its investment in Pathfinder Bank (the Bank), which is owned by the Company. The Bank is a New York-chartered stock savings bank. The Bank is a member of the Federal Home Loan Bank of New York (FHLBNY) and is primarily engaged in the business of attracting deposits from the general public in the Bank’s market area, and investing such deposits, together with other sources of funds, in loans secured by residential real estate, commercial real estate, small business loans and consumer loans. The Bank invests a portion of its assets in securities issued by the United States Government and its agencies and sponsored enterprises, state and municipal obligations, corporate debt securities, mutual funds and equity securities. The Bank also invests in mortgage-backed securities primarily issued or guaranteed by United States Government sponsored enterprises and collateralized mortgage obligations. The Bank’s principal sources of funds are deposits, principal and interest payments on loans and investments, as well as borrowings from correspondent financial institutions..