NasdaqCM:PBHC

Stock Analysis Report

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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. More Details


Snowflake Analysis

Excellent balance sheet with solid track record and pays a dividend.


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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PBHC's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-3.1%

PBHC

-0.4%

US Banks

0.9%

US Market


1 Year Return

-16.1%

PBHC

-16.7%

US Banks

22.1%

US Market

Return vs Industry: PBHC matched the US Banks industry which returned -16.2% over the past year.

Return vs Market: PBHC underperformed the US Market which returned 22.2% over the past year.


Shareholder returns

PBHCIndustryMarket
7 Day-3.1%-0.4%0.9%
30 Day3.9%17.0%10.2%
90 Day12.1%17.0%9.7%
1 Year-14.2%-16.1%-13.6%-16.7%24.8%22.1%
3 Year-23.0%-27.2%-4.4%-12.4%48.6%38.7%
5 Year1.3%-7.1%41.5%23.7%99.6%77.6%

Long-Term 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?

9.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PBHC ($11.24) is trading above our estimate of fair value ($6.41)

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


Price To Earnings Ratio

PE vs Industry: PBHC is good value based on its PE Ratio (9.6x) compared to the US Banks industry average (11.4x).

PE vs Market: PBHC is good value based on its PE Ratio (9.6x) compared to the US market (19.4x).


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 (0.6x) compared to the US Banks industry average (0.9x).


Next Steps

Future Growth

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

16.0%

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?

9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PBHC has high quality earnings.

Growing Profit Margin: PBHC's current net profit margins (16.5%) are higher than last year (10.6%).


Past Earnings Growth Analysis

Earnings Trend: PBHC's earnings have grown by 9.7% per year over the past 5 years.

Accelerating Growth: PBHC's earnings growth over the past year (71.5%) exceeds its 5-year average (9.7% per year).

Earnings vs Industry: PBHC earnings growth over the past year (71.5%) exceeded the Banks industry -4.1%.


Return on Equity

High ROE: PBHC's Return on Equity (7.4%) is considered low.


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


Financial Institutions Analysis

Asset Level: PBHC's Assets to Equity ratio (12.7x) is moderate.

Allowance for Bad Loans: PBHC has a low allowance for bad loans (91%).

Low Risk Liabilities: 90% of PBHC's liabilities are made up of primarily low risk sources of funding.

Loan Level: PBHC has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: PBHC's Loans to Deposits ratio (81%) is appropriate.

Level of Bad Loans: PBHC has an appropriate level of bad loans (1.6%).


Next Steps

Dividend

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

2.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PBHC's dividend (2.14%) is higher than the bottom 25% of dividend payers in the US market (1.48%).

High Dividend: PBHC's dividend (2.14%) is low compared to the top 25% of dividend payers in the US market (4.11%).


Stability and Growth of Payments

Stable Dividend: PBHC's dividends per share have been stable in the past 10 years.

Growing Dividend: PBHC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.4%), PBHC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Tom Schneider (58 yo)

20.92yrs

Tenure

US$551,756

Compensation

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 Of...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD551.76K) is about average for companies of similar size in the US market ($USD561.84K).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Schneider
President20.92yrsUS$551.76k1.27%
$ 663.9k
James Dowd
Executive VP & COO3.75yrsUS$332.17k0.85%
$ 444.0k
Ronald Tascarella
Executive VP & Chief Banking Officerno dataUS$295.27k2.04%
$ 1.1m
Walter Rusnak
Senior VP & CFO1.92yrsno data0.90%
$ 468.8k
Daniel Phillips
Senior VP & Chief Information Officer6.92yrsno data0.39%
$ 201.5k
Edward Mervine
Senior VPno dataUS$119.82kno data
Heather Bush
Vice President of Human Resourcesno datano datano data
Calvin Corriders
Regional President of Syracuse Market & Human Resource Director at Pathfinder Bankno datano data0.61%
$ 320.6k
William O'Brien
VP & Secretaryno datano data0.25%
$ 130.8k
Lisa Kimball
VP & Controller5.33yrsno data0.21%
$ 111.8k
Roberta Davis
Vice President & Financial Analystno datano datano data

5.3yrs

Average Tenure

57.5yo

Average Age

Experienced Management: PBHC's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Schneider
President20.92yrsUS$551.76k1.27%
$ 663.9k
Chris Burritt
Independent Chairman of the Board6.92yrsUS$70.55k1.0%
$ 521.9k
George Joyce
Independent Director20.92yrsUS$45.54k2.79%
$ 1.5m
Lloyd Stemple
Independent Director15.42yrsUS$37.90k1.32%
$ 688.9k
William Barclay
Independent Director9.67yrsUS$35.40k1.73%
$ 904.1k
Melanie Littlejohn
Independent Director4.58yrsUS$30.40k0.045%
$ 23.7k
John Funiciello
Independent Director9.08yrsUS$40.88k0.76%
$ 396.7k
David Ayoub
Independent Director8.75yrsUS$45.28k0.46%
$ 241.5k
John Sharkey
Independent Director6.67yrsUS$38.43k0.71%
$ 371.6k
Adam Gagas
Independent Director6.67yrsUS$30.80k3.89%
$ 2.0m

8.9yrs

Average Tenure

57.5yo

Average Age

Experienced Board: PBHC's board of directors are considered experienced (8.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pathfinder Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pathfinder Bancorp, Inc.
  • Ticker: PBHC
  • Exchange: NasdaqCM
  • Founded: 1859
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$52.258m
  • Shares outstanding: 4.66m
  • Website: https://www.pathfinderbank.com

Number of Employees


Location

  • Pathfinder Bancorp, Inc.
  • 214 West First Street
  • Oswego
  • New York
  • 13126
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PBHCNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDNov 1995

Biography

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...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 23:04
End of Day Share Price2020/12/03 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.