Pathfinder Bancorp
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. The last earnings update was 26 days ago. More info.
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PBHC Share Price and Events
7 Day Returns
1 Year Returns
PBHC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Pathfinder Bancorp (PBHC) | 1.5% | 14.3% | 8.2% | -3.7% | 32.8% | 67.7% |
| US Mortgage | 0.7% | -0.3% | -0.6% | 0.9% | 33.6% | 40.8% |
| US Market | 1.6% | -1.7% | 2.1% | 2.6% | 38.5% | 41.4% |
1 Year Return vs Industry and Market
- PBHC underperformed the Mortgage industry which returned 0.9% over the past year.
- PBHC underperformed the Market in United States of America which returned 2.6% over the past year.
PBHC Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Pathfinder Bancorp
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Pathfinder Bancorp.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $14.99 * 5.6% |
$0.85 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $14.99 |
| Discount Rate (Cost of Equity) | See below | 13.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Mortgage Unlevered Beta | Simply Wall St/ S&P Global | 0.91 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.907 (1 + (1- 21%) (191.9%)) |
1.859 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.86 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.859 * 5.96%) |
13.81% |
Discounted Cash Flow Calculation for NasdaqCM:PBHC using Excess Returns Model Model
The calculations below outline how an intrinsic value for Pathfinder Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (5.6% – 13.81%) * $14.99) |
$-1.22 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $-1.22 / (13.81% - 2.73%) |
$-11.04 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $14.99 + $-11.04 |
$3.94 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $3.94 |
| Current discount | Discount to share price of
$15.27
= -1 x ($15.27 - $3.94) / $3.94 |
-287.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Pathfinder Bancorp is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Pathfinder Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Pathfinder Bancorp's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.84 |
| NasdaqCM:PBHC Share Price ** | NasdaqCM (2019-05-21) in USD | $15.27 |
| United States of America Mortgage Industry PE Ratio | Median Figure of 130 Publicly-Listed Mortgage Companies | 14.24x |
| United States of America Market PE Ratio | Median Figure of 3,087 Publicly-Listed Companies | 17.74x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Pathfinder Bancorp.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqCM:PBHC Share Price ÷ EPS (both in USD) = 15.27 ÷ 0.84 |
18.12x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Pathfinder Bancorp is overvalued based on earnings compared to the US Mortgage industry average.
- Pathfinder Bancorp is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Pathfinder Bancorp's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 18.12x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
11.1%per year |
| United States of America Mortgage Industry PEG Ratio | Median Figure of 49 Publicly-Listed Mortgage Companies | 1.32x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.53x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Pathfinder Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Pathfinder Bancorp's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $15.21 |
| NasdaqCM:PBHC Share Price * | NasdaqCM (2019-05-21) in USD | $15.27 |
| United States of America Mortgage Industry PB Ratio | Median Figure of 144 Publicly-Listed Mortgage Companies | 1.13x |
| United States of America Market PB Ratio | Median Figure of 5,202 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqCM:PBHC Share Price ÷ Book Value per Share (both in USD) = 15.27 ÷ 15.21 |
1x |
* Primary Listing of Pathfinder Bancorp.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Pathfinder Bancorp is good value based on assets compared to the US Mortgage industry average.
Value checks
We assess Pathfinder Bancorp's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check) Pathfinder Bancorp has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
PBHC Future Performance
- No analysts cover Pathfinder Bancorp, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Pathfinder Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Pathfinder Bancorp's earnings growth is positive but not above the United States of America market average.
- Unable to compare Pathfinder Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqCM:PBHC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 11.1% |
| United States of America Mortgage Industry Earnings Growth Rate | Market Cap Weighted Average | 10.1% |
| United States of America Mortgage Industry Revenue Growth Rate | Market Cap Weighted Average | 5.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.8% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 29 | 4 | |
| 2018-12-31 | 28 | 9 | 4 |
| 2018-09-30 | 28 | 8 | 4 |
| 2018-06-30 | 27 | 9 | 4 |
| 2018-03-31 | 26 | 8 | 4 |
| 2017-12-31 | 25 | 7 | 3 |
| 2017-09-30 | 25 | 7 | 4 |
| 2017-06-30 | 24 | 6 | 3 |
| 2017-03-31 | 24 | 6 | 3 |
| 2016-12-31 | 24 | 6 | 3 |
| 2016-09-30 | 23 | 6 | 3 |
| 2016-06-30 | 23 | 6 | 3 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Pathfinder Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.84 |
| 2018-12-31 | 0.97 |
| 2018-09-30 | 0.92 |
| 2018-06-30 | 0.90 |
| 2018-03-31 | 0.90 |
| 2017-12-31 | 0.86 |
| 2017-09-30 | 0.88 |
| 2017-06-30 | 0.86 |
| 2017-03-31 | 0.84 |
| 2016-12-31 | 0.79 |
| 2016-09-30 | 0.74 |
| 2016-06-30 | 0.74 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Pathfinder Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Pathfinder Bancorp's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Pathfinder Bancorp has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
PBHC Past Performance
How has Pathfinder Bancorp performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Pathfinder Bancorp's year on year earnings growth rate has been positive over the past 5 years.
- Pathfinder Bancorp's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Pathfinder Bancorp's 1-year earnings growth is negative, it can't be compared to the US Mortgage industry average.
Earnings and Revenue History
All data from Pathfinder Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 28.93 | 3.54 | 20.34 | |
| 2018-12-31 | 28.10 | 4.03 | 20.34 | |
| 2018-09-30 | 27.63 | 3.80 | 20.09 | |
| 2018-06-30 | 27.15 | 3.72 | 19.53 | |
| 2018-03-31 | 26.11 | 3.70 | 18.52 | |
| 2017-12-31 | 25.44 | 3.49 | 18.01 | |
| 2017-09-30 | 24.90 | 3.59 | 17.19 | |
| 2017-06-30 | 24.27 | 3.50 | 16.82 | |
| 2017-03-31 | 23.93 | 3.41 | 16.57 | |
| 2016-12-31 | 23.52 | 3.26 | 16.28 | |
| 2016-09-30 | 23.18 | 3.05 | 15.88 | |
| 2016-06-30 | 22.88 | 3.08 | 15.61 | |
| 2016-03-31 | 22.24 | 2.91 | 15.17 | |
| 2015-12-31 | 21.59 | 2.76 | 14.86 | |
| 2015-09-30 | 21.28 | 2.81 | 14.53 | |
| 2015-06-30 | 20.53 | 2.67 | 13.97 | |
| 2015-03-31 | 20.02 | 2.66 | 13.69 | |
| 2014-12-31 | 19.64 | 2.65 | 13.36 | |
| 2014-09-30 | 18.90 | 2.40 | 13.19 | |
| 2014-06-30 | 18.40 | 2.21 | 13.06 | |
| 2014-03-31 | 18.41 | 2.39 | 12.78 | |
| 2013-12-31 | 18.00 | 2.41 | 12.42 | |
| 2013-09-30 | 17.86 | 2.50 | 12.20 | |
| 2013-06-30 | 17.55 | 2.53 | 11.87 | |
| 2013-03-31 | 17.13 | 2.31 | 11.72 | |
| 2012-12-31 | 17.10 | 2.20 | 11.71 | |
| 2012-09-30 | 16.45 | 1.80 | 11.40 | |
| 2012-06-30 | 16.86 | 1.54 | 11.39 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Pathfinder Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Pathfinder Bancorp used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
- Unable to establish if Pathfinder Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Pathfinder Bancorp's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Pathfinder Bancorp has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
PBHC Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Pathfinder Bancorp Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 64.46 | 133.63 | 22.32 |
| 2018-12-31 | 64.46 | 133.63 | 22.32 |
| 2018-09-30 | 63.56 | 94.72 | 31.50 |
| 2018-06-30 | 62.87 | 99.18 | 32.38 |
| 2018-03-31 | 62.44 | 78.96 | 13.17 |
| 2017-12-31 | 62.14 | 88.95 | 15.69 |
| 2017-09-30 | 62.39 | 89.85 | 61.22 |
| 2017-06-30 | 61.53 | 99.74 | 15.32 |
| 2017-03-31 | 59.84 | 68.05 | 36.62 |
| 2016-12-31 | 58.36 | 73.97 | 9.22 |
| 2016-09-30 | 59.27 | 97.12 | 23.66 |
| 2016-06-30 | 60.12 | 78.46 | 25.10 |
| 2016-03-31 | 59.19 | 61.01 | 25.66 |
| 2015-12-31 | 71.23 | 56.32 | 11.35 |
| 2015-09-30 | 71.18 | 34.42 | 17.37 |
| 2015-06-30 | 70.07 | 67.21 | 17.41 |
| 2015-03-31 | 69.97 | 48.22 | 23.05 |
| 2014-12-31 | 69.20 | 71.34 | 7.46 |
| 2014-09-30 | 45.37 | 36.27 | 25.48 |
| 2014-06-30 | 44.65 | 47.07 | 10.68 |
| 2014-03-31 | 43.80 | 39.10 | 19.43 |
| 2013-12-31 | 43.07 | 46.14 | 15.40 |
| 2013-09-30 | 40.76 | 46.18 | 13.29 |
| 2013-06-30 | 40.14 | 50.08 | 11.53 |
| 2013-03-31 | 41.05 | 31.27 | 15.22 |
| 2012-12-31 | 40.75 | 40.31 | 7.85 |
| 2012-09-30 | 40.94 | 40.36 | 16.07 |
| 2012-06-30 | 39.81 | 30.38 | 12.14 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Pathfinder Bancorp has an acceptable proportion of non-loan assets held.
- Pathfinder Bancorp's liabilities are made up of primarily low risk sources of funding.
- Loans at Pathfinder Bancorp are broadly funded by customer deposits.
- Pathfinder Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
- Pathfinder Bancorp has a sufficient allowance for bad loans.
- Pathfinder Bancorp has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Pathfinder Bancorp's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Pathfinder Bancorp has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
PBHC Dividends
What is Pathfinder Bancorp's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Pathfinder Bancorp
shares you are expected to receive
$31
in your first year as a dividend.
Dividend Amount
- Pathfinder Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
- Pathfinder Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Mortgage Industry Average Dividend Yield | Market Cap Weighted Average of 95 Stocks | 3.2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2003 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-29 | 0.240 | 1.748 |
| 2018-12-21 | 0.240 | 1.702 |
| 2018-09-28 | 0.240 | 1.609 |
| 2018-06-29 | 0.240 | 1.566 |
| 2018-03-29 | 0.240 | 1.527 |
| 2017-12-22 | 0.230 | 1.492 |
| 2017-09-29 | 0.220 | 1.437 |
| 2017-06-29 | 0.210 | 1.374 |
| 2017-03-30 | 0.200 | 1.323 |
| 2016-12-16 | 0.200 | 1.419 |
| 2016-09-29 | 0.200 | 1.616 |
| 2016-07-06 | 0.200 | 1.662 |
| 2016-04-01 | 0.200 | 1.752 |
| 2015-12-18 | 0.200 | 1.651 |
| 2015-09-24 | 0.200 | 1.731 |
| 2015-06-29 | 0.120 | 1.066 |
| 2015-03-27 | 0.120 | 1.093 |
| 2014-12-23 | 0.120 | 1.213 |
| 2014-09-30 | 0.073 | 0.751 |
| 2014-06-30 | 0.073 | 0.829 |
| 2014-04-04 | 0.073 | 0.803 |
| 2013-12-27 | 0.073 | 0.860 |
| 2013-09-30 | 0.073 | 0.890 |
| 2013-07-12 | 0.073 | 0.858 |
| 2013-04-02 | 0.073 | 0.917 |
| 2012-12-28 | 0.073 | 1.070 |
| 2012-11-19 | 0.073 | 1.142 |
| 2012-09-28 | 0.073 | 1.144 |
| 2012-08-15 | 0.073 | 1.165 |
| 2012-07-30 | 0.073 | 1.183 |
| 2012-07-05 | 0.073 | 1.217 |
| 2012-05-15 | 0.073 | 1.300 |
| 2012-05-04 | 0.073 | 1.299 |
| 2012-04-03 | 0.073 | 1.284 |
| 2012-03-29 | 0.073 | 1.232 |
| 2012-02-07 | 0.073 | 1.296 |
| 2011-12-23 | 0.073 | 1.312 |
| 2011-11-14 | 0.073 | 1.301 |
| 2011-11-03 | 0.073 | 1.334 |
| 2011-09-27 | 0.073 | 1.418 |
| 2011-08-16 | 0.073 | 1.325 |
| 2011-08-01 | 0.073 | 1.245 |
| 2011-06-29 | 0.073 | 1.353 |
| 2011-05-23 | 0.073 | 1.254 |
| 2011-04-28 | 0.073 | 1.222 |
| 2011-03-31 | 0.073 | 1.202 |
| 2011-02-08 | 0.073 | 1.324 |
| 2010-12-21 | 0.073 | 1.422 |
| 2010-09-30 | 0.073 | 1.562 |
| 2010-06-29 | 0.073 | 1.862 |
| 2010-05-17 | 0.073 | 1.866 |
| 2010-04-28 | 0.073 | 1.767 |
| 2010-04-15 | 0.073 | 1.823 |
| 2009-12-30 | 0.073 | 1.888 |
| 2009-11-20 | 0.073 | 2.057 |
| 2009-11-04 | 0.073 | 2.146 |
| 2009-10-05 | 0.073 | 1.842 |
| 2009-08-19 | 0.073 | 1.716 |
| 2009-08-06 | 0.073 | 1.707 |
| 2009-07-13 | 0.073 | 1.717 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Pathfinder Bancorp's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3.5x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Pathfinder Bancorp's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Pathfinder Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Pathfinder Bancorp has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
PBHC Management
CEO
| COMPENSATION | $550,934 |
| AGE | 56 |
| TENURE AS CEO | 19.3 years |
CEO Bio
Mr. Thomas W. Schneider, also known as Tom, has been the Chief Executive Officer and President at Pathfinder Bancorp, Inc. and its subsidiary Pathfinder Bank. Mr. Schneider serves as the Chief Executive Officer and President of Pathfinder Risk Management Company, Inc. and Pathfinder Bancorp M.H.C. He has been a Treasurer of New York Bankers Association Inc. since April 2013. Prior to his appointment as President in 2000, he served as an Executive Vice President and Chief Financial Officer of Pathfinder Bancorp, Inc. and Pathfinder Bank. He serves as a Director at Pathfinder Bancorp, Inc. and its subsidiary Pathfinder Bank since 2001. He served as a Director of Pathfinder Bancorp, MHC, the owner of a majority of the shares of the Company, as well as the Board of Pathfinder Bank, Pathfinder REIT and Whispering Oaks, all subsidiaries of Pathfinder Bank. He serves as an adjunct professor at SUNY Oswego, teaching a graduate-level finance course. Mr. Schneider earned a Master's In Business Administration Degree from Fairfield University in 2002 and a Bachelor's Degree in Economics from SUNY Cortland in 1983. Mr. Schneider concluded his Presidency of the New York State Bankers Association.
CEO Compensation
- Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
- Tom's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Pathfinder Bancorp management team in years:
- The tenure for the Pathfinder Bancorp management team is about average.
Management Team
Tom Schneider
President
$551K
56
19.3 yrs
Jim Dowd
Executive VP
$328K
50
2.2 yrs
Ron Tascarella
Executive VP & Chief Credit Officer
$297K
59
13.3 yrs
Walter Rusnak
Senior VP & CFO
64
0.3 yrs
Dan Phillips
Senior VP & Chief Information Officer
53
5.3 yrs
Edward Mervine
Senior VP
$253K
61
Heather Bush
Vice President of Human Resources
Lisa Kimball
VP & Controller
3.8 yrs
Bobbi Davis
Vice President & Financial Analyst
Board of Directors Tenure
Average tenure and age of the Pathfinder Bancorp board of directors in years:
- The tenure for the Pathfinder Bancorp board of directors is about average.
Board of Directors
Chris Burritt
Chairman of the Board
$78K
65
5.3 yrs
Tom Schneider
President
$551K
56
18.3 yrs
Buddy Stemple
Director
$40K
57
13.8 yrs
Will Barclay
Director
$37K
49
8.1 yrs
David Ayoub
Director
$49K
55
7.2 yrs
Adam Gagas
Director
$34K
46
5.1 yrs
George Joyce
Director
$52K
67
19.3 yrs
John Funiciello
Director
$38K
54
7.5 yrs
John Sharkey
Director
$36K
60
5.1 yrs
Melanie Littlejohn
Director
$30K
53
3 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Pathfinder Bancorp insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 15. May 19 | Buy | Castle Creek Capital LLC | Company | 08. May 19 | 08. May 19 | 464,710 | $14.25 | $6,622,118 | ||
| 17. May 19 | Buy | Thomas Schneider | Individual | 15. May 19 | 16. May 19 | 10,000 | $15.25 | $150,197 | ||
| 15. May 19 | Sell | Robert Butkowski | Individual | 13. May 19 | 13. May 19 | -100 | $14.23 | $-1,423 | ||
| 15. May 19 | Buy | Robert Butkowski | Individual | 13. May 19 | 13. May 19 | 411 | $14.20 | $5,754 | ||
| 13. May 19 | Buy | James Dowd | Individual | 13. May 19 | 13. May 19 | 4,000 | $14.35 | $57,400 | ||
| 13. May 19 | Buy | Ronald Tascarella | Individual | 13. May 19 | 13. May 19 | 13,800 | $14.37 | $197,106 | ||
| 10. May 19 | Buy | Walter Rusnak | Individual | 08. May 19 | 08. May 19 | 17,000 | $14.25 | $242,250 | ||
| 10. May 19 | Buy | Ronald Tascarella | Individual | 08. May 19 | 08. May 19 | 3,509 | $14.25 | $50,003 | ||
| 10. May 19 | Buy | Lloyd Stemple | Individual | 08. May 19 | 08. May 19 | 7,000 | $14.25 | $99,750 | ||
| 10. May 19 | Buy | John Sharkey | Individual | 08. May 19 | 08. May 19 | 11,000 | $14.25 | $156,750 | ||
| 10. May 19 | Buy | John Funiciello | Individual | 08. May 19 | 08. May 19 | 7,000 | $14.25 | $99,750 | ||
| 10. May 19 | Buy | William Barclay | Individual | 08. May 19 | 08. May 19 | 17,545 | $14.25 | $250,016 | ||
| 10. May 19 | Buy | David Ayoub | Individual | 08. May 19 | 08. May 19 | 5,263 | $14.25 | $74,998 | ||
| 10. May 19 | Buy | Chris Burritt | Individual | 08. May 19 | 08. May 19 | 10,000 | $14.25 | $142,500 | ||
| 10. May 19 | Buy | Adam Gagas | Individual | 08. May 19 | 08. May 19 | 7,100 | $14.25 | $101,175 | ||
| 13. Mar 19 | Buy | George Joyce | Individual | 12. Mar 19 | 12. Mar 19 | 1,000 | $14.11 | $14,110 | ||
| 07. Mar 19 | Buy | George Joyce | Individual | 06. Mar 19 | 06. Mar 19 | 1,000 | $14.10 | $14,100 | ||
| 30. Nov 18 | Sell | Thomas Schneider | Individual | 30. Nov 18 | 30. Nov 18 | -4,000 | $14.75 | $-59,012 | ||
| 13. Nov 18 | Buy | Walter Rusnak | Individual | 09. Nov 18 | 09. Nov 18 | 1,350 | $15.45 | $20,855 | ||
| 04. Jun 18 | Buy | Thomas Schneider | Individual | 01. Jun 18 | 01. Jun 18 | 250 | $16.13 | $4,032 | ||
Management checks
We assess Pathfinder Bancorp's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Pathfinder Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
PBHC News
Simply Wall St News
Is Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Excessively Paying Its CEO?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Tom Schneider's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below US$200m
Simply Wall St - – Full articleThe Pathfinder Bancorp (NASDAQ:PBHC) Share Price Is Up 50% And Shareholders Are Holding On
(NASDAQ:PBHC) share price is 50% higher than it was five years ago, which is more than the market average. … Over half a decade, Pathfinder Bancorp managed to grow its earnings per share at 11% a year. … This EPS growth is higher than the 8.4% average annual increase in the share price.
Simply Wall St - – Full articleDo Insiders Own Shares In Pathfinder Bancorp, Inc. (NASDAQ:PBHC)?
Every investor in Pathfinder Bancorp, Inc. … With a market capitalization of US$58m, Pathfinder Bancorp is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Pathfinder Bancorp
Simply Wall St - – Full articleRead This Before You Buy Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Because Of Its P/E Ratio
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Pathfinder Bancorp has a price to earnings ratio of 14.77, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs Pathfinder Bancorp, Inc. (NASDAQ:PBHC) Excessively Paying Its CEO?
First, this article will compare CEO compensation with compensation at similar sized companies. … Check out our latest analysis for Pathfinder Bancorp? … How Does Tom Schneider's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleIs Pathfinder Bancorp, Inc. (NASDAQ:PBHC) An Attractive Dividend Stock?
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Pathfinder Bancorp, Inc. … Let's dig deeper into whether Pathfinder Bancorp should have a place in your portfolio.
Simply Wall St - – Full articleDoes Pathfinder Bancorp Inc's (NASDAQ:PBHC) P/E Ratio Signal A Buying Opportunity?
We'll look at Pathfinder Bancorp Inc's (NASDAQ:PBHC) P/E ratio and reflect on what it tells us about the company's share price. … Pathfinder Bancorp has a P/E ratio of 16.33, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleHow Should Investors Feel About Pathfinder Bancorp Inc's (NASDAQ:PBHC) CEO Pay?
According to our data, Pathfinder Bancorp Inc has a market capitalization of US$66m, and pays its CEO total annual compensation worth US$535k. … We looked at a group of companies with market capitalizations under US$200m, and the median CEO compensation was US$290k. … Thus we can conclude that Tom Schneider receives more in total compensation than the median of a group of companies in the same market, and of similar size to Pathfinder Bancorp Inc
Simply Wall St - – Full articleDoes Pathfinder Bancorp Inc's (NASDAQ:PBHC) PE Ratio Signal A Buying Opportunity?
Pathfinder Bancorp Inc (NASDAQ:PBHC) is currently trading at a trailing P/E of 16.8x, which is lower than the industry average of 18.2x. … While PBHC might seem like an attractive stock to buy, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions. … What you need to know about the P/E ratio
Simply Wall St - – Full articleIs Buying Pathfinder Bancorp Inc (NASDAQ:PBHC) For Its Upcoming US$0.06 Dividend A Good Choice?
Investors who want to cash in on Pathfinder Bancorp Inc's (NASDAQ:PBHC) upcoming dividend of US$0.06 per share have only 2 days left to buy the shares before its ex-dividend date, 19 July 2018, in time for dividends payable on the 10 August 2018. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Let's take a look at Pathfinder Bancorp's most recent financial data to examine its dividend characteristics in more detail.
Simply Wall St - – Full articlePBHC Company Info
Description
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. The company accepts various deposits, including checking, savings, and money market deposit accounts, as well as certificates of deposit, and demand and time deposits. Its loan portfolio comprises commercial real estate loans; commercial loans; residential real estate and construction loans; tax-exempt loans; home equity loans and junior liens; municipal loans; and consumer loans comprising automobile, recreational vehicles, and unsecured personal loans, as well as unsecured lines of credit and loans secured by deposit accounts. The company is also involved in the property, casualty, and life insurance brokerage business. It primarily serves individuals, families, small to mid-size businesses, and municipalities. As of April 4, 2018, it operated nine full service offices. The company also operates one loan production office in Oneida County. Pathfinder Bancorp, Inc. was founded in 1859 and is headquartered in Oswego, New York.
Details
| Name: | Pathfinder Bancorp, Inc. |
| PBHC | |
| Exchange: | NasdaqCM |
| Founded: | 1859 |
| $69,634,346 | |
| 4,559,788 | |
| Website: | http://www.pathfinderbank.com |
| Address: |
Pathfinder Bancorp, Inc. 214 West First Street, Oswego, New York, 13126, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqCM | PBHC | Common Stock | Nasdaq Capital Market | US | USD | 21. Nov 1995 |
Number of employees
Current staff
Industry
| Thrifts and Mortgage Finance | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/22 03:34 |
| End of day share price update: | 2019/05/21 00:00 |
| Last earnings filing: | 2019/04/26 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
