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PBHC

Pathfinder Bancorp NasdaqCM:PBHC Stock Report

Last Price

US$19.50

Market Cap

US$115.5m

7D

0.4%

1Y

21.4%

Updated

06 Aug, 2022

Data

Company Financials
PBHC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends4/6

PBHC Stock Overview

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.

Pathfinder Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pathfinder Bancorp
Historical stock prices
Current Share PriceUS$19.50
52 Week HighUS$21.99
52 Week LowUS$15.84
Beta0.12
1 Month Change-1.07%
3 Month Change-6.37%
1 Year Change21.42%
3 Year Change46.84%
5 Year Change28.69%
Change since IPO458.62%

Recent News & Updates

Aug 01

Pathfinder GAAP EPS of $0.54, revenue of $11.25M

Pathfinder press release (NASDAQ:PBHC): Q2 GAAP EPS of $0.54. Revenue of $11.25M (-3.4% Y/Y).

Shareholder Returns

PBHCUS BanksUS Market
7D0.4%0.3%1.0%
1Y21.4%-14.1%-12.9%

Return vs Industry: PBHC exceeded the US Banks industry which returned -14.1% over the past year.

Return vs Market: PBHC exceeded the US Market which returned -12.8% over the past year.

Price Volatility

Is PBHC's price volatile compared to industry and market?
PBHC volatility
PBHC Average Weekly Movement2.5%
Banks Industry Average Movement3.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: PBHC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: PBHC's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1859166Jim Dowdhttps://www.pathfinderbank.com

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.

Pathfinder Bancorp Fundamentals Summary

How do Pathfinder Bancorp's earnings and revenue compare to its market cap?
PBHC fundamental statistics
Market CapUS$115.49m
Earnings (TTM)US$10.35m
Revenue (TTM)US$45.59m

11.2x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBHC income statement (TTM)
RevenueUS$45.59m
Cost of RevenueUS$0
Gross ProfitUS$45.59m
Other ExpensesUS$35.24m
EarningsUS$10.35m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.75
Gross Margin100.00%
Net Profit Margin22.69%
Debt/Equity Ratio86.9%

How did PBHC perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

18%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is PBHC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PBHC?

Other financial metrics that can be useful for relative valuation.

PBHC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does PBHC's PE Ratio compare to its peers?

PBHC PE Ratio vs Peers
The above table shows the PE ratio for PBHC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.5x
SABK South Atlantic Bancshares
12.5x18.4%US$117.4m
FETM Fentura Financial
7.9xn/aUS$109.0m
CWBK CW Bancorp
7.3xn/aUS$114.6m
EFSI Eagle Financial Services
10.2xn/aUS$126.0m
PBHC Pathfinder Bancorp
11.2xn/aUS$115.5m

Price-To-Earnings vs Peers: PBHC is expensive based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (9.5x).


Price to Earnings Ratio vs Industry

How does PBHC's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: PBHC is expensive based on its Price-To-Earnings Ratio (11.2x) compared to the US Banks industry average (9.8x)


Price to Earnings Ratio vs Fair Ratio

What is PBHC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PBHC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PBHC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PBHC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PBHC ($19.5) is trading below our estimate of fair value ($24.35)

Significantly Below Fair Value: PBHC is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.4%

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.


Discover growth companies

Past Performance

How has Pathfinder Bancorp performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PBHC has high quality earnings.

Growing Profit Margin: PBHC's current net profit margins (22.7%) are higher than last year (17.5%).


Past Earnings Growth Analysis

Earnings Trend: PBHC's earnings have grown significantly by 24.8% per year over the past 5 years.

Accelerating Growth: PBHC's earnings growth over the past year (59.2%) exceeds its 5-year average (24.8% per year).

Earnings vs Industry: PBHC earnings growth over the past year (59.2%) exceeded the Banks industry 9.2%.


Return on Equity

High ROE: PBHC's Return on Equity (12.4%) is considered low.


Discover strong past performing companies

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: PBHC's Assets to Equity ratio (12.1x) is moderate.

Allowance for Bad Loans: PBHC has a sufficient allowance for bad loans (164%).

Low Risk Liabilities: 91% 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 (63%).

Low Risk Deposits: PBHC's Loans to Deposits ratio (76%) is appropriate.

Level of Bad Loans: PBHC has an appropriate level of bad loans (0.9%).


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Dividend

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

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.85%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PBHC's dividend (1.85%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: PBHC's dividend (1.85%) is low compared to the top 25% of dividend payers in the US market (4.09%).


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

Earnings Coverage: With its low payout ratio (18.3%), 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 or that it will be covered by earnings.


Discover strong dividend paying companies

Management

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

4.5yrs

Average management tenure


CEO

Jim Dowd (54 yo)

5.42yrs

Tenure

US$372,111

Compensation

Mr. James A. Dowd, also known as Jim, CPA serves as Chief Executive Officer of Pathfinder Bancorp, Inc. since April 14, 2022 and serves as its Chief Operating Officer since 2022 and serves as its Interim P...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD372.11K) is below average for companies of similar size in the US market ($USD767.72K).

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


Leadership Team

Experienced Management: PBHC's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: PBHC's board of directors are considered experienced (9.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PBHC insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 32.5%.


Top Shareholders

Company Information

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


Key Information

  • Name: Pathfinder Bancorp, Inc.
  • Ticker: PBHC
  • Exchange: NasdaqCM
  • Founded: 1859
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$115.486m
  • Shares outstanding: 5.92m
  • Website: https://www.pathfinderbank.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.