Pathfinder Bancorp (NASDAQ:PBHC) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Pathfinder Bancorp, Inc. (NASDAQ:PBHC) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.10 and traded as low as $15.05. Pathfinder Bancorp shares last traded at $15.06, with a volume of 948 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Pathfinder Bancorp from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Pathfinder Bancorp Price Performance

The stock has a market cap of $72.14 million, a P/E ratio of 43.03 and a beta of 0.20. The company has a 50 day simple moving average of $15.04 and a 200 day simple moving average of $15.10. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.17.

Pathfinder Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Friday, October 17th will be paid a $0.10 dividend. The ex-dividend date is Friday, October 17th. This represents a $0.40 annualized dividend and a yield of 2.7%. Pathfinder Bancorp’s payout ratio is presently 114.29%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Pathfinder Bancorp in the second quarter valued at approximately $52,000. Clark Capital Management Group Inc. bought a new position in Pathfinder Bancorp in the first quarter valued at approximately $280,000. Osaic Holdings Inc. grew its stake in Pathfinder Bancorp by 102.1% in the second quarter. Osaic Holdings Inc. now owns 33,803 shares of the savings and loans company’s stock valued at $537,000 after purchasing an additional 17,079 shares in the last quarter. Finally, Fourthstone LLC bought a new position in Pathfinder Bancorp in the second quarter valued at approximately $1,229,000. 26.73% of the stock is currently owned by institutional investors.

Pathfinder Bancorp Company Profile

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.