November 21, 2016 - By Nellie Frank · 0 Comments
Pathfinder Bancorp Inc (NASDAQ:PBHC) institutional sentiment decreased to 0.8 in Q2 2016. Its down -6.20, from 7 in 2016Q1. The ratio fall, as 7 institutional investors opened new and increased equity positions, while 1 sold and decreased their equity positions in Pathfinder Bancorp Inc. The institutional investors in our partner’s database now possess: 1.09 million shares, down from 1.13 million shares in 2016Q1. Also, the number of institutional investors holding Pathfinder Bancorp Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 0 Increased: 5 New Position: 2.
About 988 shares traded hands. Pathfinder Bancorp, Inc. (NASDAQ:PBHC) has risen 12.11% since April 19, 2016 and is uptrending. It has outperformed by 8.25% the S&P500.
According to Zacks Investment Research, “Pathfinder Bancorp Inc. is a New York-chartered savings bank. The bank 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 one- to four-family residential real estate. The bank’s principal sources of funds are deposits, principal and interest payments on loans and borrowings from correspondent financial institutions.”
Minerva Advisors Llc holds 1.22% of its portfolio in Pathfinder Bancorp, Inc. for 159,374 shares. Oppenheimer & Close Llc owns 61,550 shares or 0.65% of their US portfolio. Moreover, Maltese Capital Management Llc has 0.39% invested in the company for 280,000 shares. The North Carolina-based Hamilton Point Investment Advisors Llc has invested 0.15% in the stock. Blackrock Fund Advisors, a California-based fund reported 656 shares.#img1#
Pathfinder Bancorp, Inc., incorporated on June 5, 2014, is a bank holding company. The Company’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.
More recent Pathfinder Bancorp, Inc. (NASDAQ:PBHC) news were published by: Reuters.com which released: “BRIEF-Pathfinder Bancorp posts Q3 earnings per share $0.20” on September 07, 2014. Also News.Sys-Con.com published the news titled: “Pathfinder Bancorp, Inc. Announces Third Quarter 2016 Net Income of $820000” on October 28, 2016. Marketwired.com‘s news article titled: “John F. Sharkey III Elected to Pathfinder Bank Board of Directors” with publication date: December 27, 2013 was also an interesting one.
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By Nellie Frank