Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Sees Significant Short-Term Interest Growth

Pathfinder Bancorp, Inc. (NASDAQ: PBHC – Get a rating) was the target of a surge in short-term interest in March. As of March 15, there was short interest totaling 6,300 shares, an increase of 162.5% from February 28’s total of 2,400 shares. Based on an average daily trading volume of 4,500 shares, the short interest ratio is currently 1.4 days. Currently, 0.2% of the stock’s shares are sold short.

NASDAQ:PBHC shares opened at $21.20 on Friday. The stock has a market capitalization of $97.10 million, a P/E ratio of 10.29 and a beta of 0.08. Pathfinder Bancorp has a 1 year minimum of $13.66 and a 1 year maximum of $21.99. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt ratio of 0.63. The company has a 50-day moving average price of $17.80 and a two-hundred-day moving average price of $17.09.

Separately, director Adam C. Gagas acquired 1,500 shares of the company in a transaction on Thursday, March 17. The shares were purchased at an average cost of $17.75 per share, with a total value of $26,625.00. The acquisition was disclosed in a legal filing with the SEC, available at this hyperlink. Also, VPE Ronald Tascarella sold 4,988 shares of the company in a trade dated Wednesday, March 2. The stock was sold at an average price of $17.60, for a total value of $87,788.80. Disclosure of this sale can be found here. 22.97% of the shares are held by company insiders.

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A number of large investors have recently changed their positions in PBHC. BlackRock Inc. increased its stake in Pathfinder Bancorp by 7.4% during the third quarter. BlackRock Inc. now owns 9,468 shares of the savings and loan company worth $153,000 after buying an additional 650 shares in the last quarter. Alliancebernstein LP bought a new stake in shares of Pathfinder Bancorp in Q3 valued at around $350,000. Reilly Financial Advisors LLC bought a new stake in shares of Pathfinder Bancorp in Q4, valued at around $34,000. Eidelman Virant Capital bought a new stake in shares of Pathfinder Bancorp in Q4, valued at around $171,000. Finally, Hamilton Point Investment Advisors LLC increased its stake in shares of Pathfinder Bancorp by 92.1% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 38,429 shares of the savings and loan company valued at $660,000 after acquiring 18,429 additional shares in the last quarter. 13.91% of the shares are held by hedge funds and other institutional investors.

About Pathfinder Bancorp (Get a rating)

Pathfinder Bancorp, Inc is a holding company that invests in Pathfinder Bank. It offers checking and savings accounts, loans and digital banking services to individuals and businesses through its subsidiary. The company also provides overdraft protection and mobile payments for individual customers; and cash management transfer account, remote deposit capture and merchant card services for business customers.

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