Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Declares $0.10 Quarterly Dividend

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) declared a quarterly dividend on Monday, March 31st, RTT News reports. Shareholders of record on Friday, April 18th will be paid a dividend of 0.10 per share by the savings and loans company on Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, April 17th.

Pathfinder Bancorp has increased its dividend by an average of 12.6% per year over the last three years.

Pathfinder Bancorp Stock Performance

NASDAQ PBHC opened at $15.32 on Tuesday. The company has a fifty day moving average price of $16.69 and a 200-day moving average price of $16.92. The firm has a market cap of $72.98 million, a price-to-earnings ratio of 25.53 and a beta of 0.03. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.74 and a quick ratio of 0.74. Pathfinder Bancorp has a 1 year low of $11.81 and a 1 year high of $19.86.

Pathfinder Bancorp (NASDAQ:PBHC) last issued its quarterly earnings data on Friday, January 31st. The savings and loans company reported $0.69 earnings per share (EPS) for the quarter. Pathfinder Bancorp had a net margin of 4.28% and a return on equity of 3.07%.

Insider Buying and Selling

In other news, insider Ronald Tascarella sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $17.00, for a total transaction of $85,000.00. Following the completion of the sale, the insider now directly owns 48,609 shares of the company’s stock, valued at $826,353. This trade represents a 9.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP William D. O’brien sold 2,353 shares of Pathfinder Bancorp stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $17.14, for a total value of $40,330.42. Following the sale, the senior vice president now owns 14,865 shares in the company, valued at $254,786.10. The trade was a 13.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,556 shares of company stock worth $128,803. 22.40% of the stock is owned by company insiders.

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.