NasdaqCM:PBHC

Stock Analysis Report

Executive Summary

Pathfinder Bancorp, Inc. operates as a holding company for Pathfinder Bank that provides various banking and financial products and services primarily in Oswego and Onondaga counties, New York.

Risk Analysis

Unstable dividend track record

Shareholders have been diluted in the past year

Does not have a meaningful market cap ($63M)



Snowflake Analysis

Flawless balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Pathfinder Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PBHC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.7%

PBHC

1.1%

US Banks

0.7%

US Market


1 Year Return

-7.1%

PBHC

21.0%

US Banks

18.2%

US Market

Return vs Industry: PBHC underperformed the US Banks industry which returned 21% over the past year.

Return vs Market: PBHC underperformed the US Market which returned 18.2% over the past year.


Shareholder returns

PBHCIndustryMarket
7 Day2.7%1.1%0.7%
30 Day2.5%0.8%1.5%
90 Day6.3%10.5%5.0%
1 Year-5.5%-7.1%24.6%21.0%20.8%18.2%
3 Year13.1%7.9%31.6%22.4%45.2%35.8%
5 Year51.5%40.3%79.1%59.2%71.6%52.7%

Price Volatility Vs. Market

How volatile is Pathfinder Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pathfinder Bancorp undervalued compared to its fair value and its price relative to the market?

19.01x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PBHC ($13.76) is trading above our estimate of fair value ($8.53)

Significantly Below Fair Value: PBHC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PBHC is poor value based on its PE Ratio (19x) compared to the Banks industry average (12.7x).

PE vs Market: PBHC is poor value based on its PE Ratio (19x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PBHC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PBHC is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Pathfinder Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

0.4%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pathfinder Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Pathfinder Bancorp performed over the past 5 years?

7.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PBHC has high quality earnings.

Growing Profit Margin: PBHC's current net profit margins (10.6%) are lower than last year (13.8%).


Past Earnings Growth Analysis

Earnings Trend: PBHC's earnings have grown by 7.2% per year over the past 5 years.

Accelerating Growth: PBHC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PBHC had negative earnings growth (-16.7%) over the past year, making it difficult to compare to the Banks industry average (27.1%).


Return on Equity

High ROE: PBHC's Return on Equity (3.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Pathfinder Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: PBHC has a low level of unsold assets or inventory.

Debt Coverage by Assets: PBHC's debt is not covered by short term assets (assets are 0.5x debt).


Financial Institutions Analysis

Asset Level: PBHC's level of assets compared to its equity is moderate.

Allowance for Bad Loans: PBHC has a sufficient allowance for bad loans.

Low Risk Liabilities: PBHC's liabilities are made up of primarily low risk sources of funding.

Loan Level: PBHC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PBHC's loans are broadly funded by customer deposits.

Level of Bad Loans: PBHC has an appropriate level of bad loans (0.73%)


Next Steps

Dividend

What is Pathfinder Bancorp's current dividend yield, its reliability and sustainability?

1.74%

Current Dividend Yield


Dividend Yield vs Market

company1.7%