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Ronald Tascarella, a retired executive vice president of Pathfinder Bancorp Inc. (NASDAQ:PBHC), a $105 million market cap bank that has delivered an impressive 53% return over the past year, recently sold 134 shares of the company’s common stock, totaling $2,291. According to InvestingPro analysis, the stock currently trades at $17.21, with a price-to-book ratio of 0.86. The shares were sold at a price of $17.10 each. Following the transaction, Tascarella owns 47,203 shares directly. Additionally, he holds indirect ownership of 9,690 shares through an Employee Stock Ownership Plan (ESOP), 20,292 shares via a 401(k) plan, and 5,000 shares through his spouse. Tascarella also retains 15,816 stock options. Notably, PBHC has maintained dividend payments for 30 consecutive years, with increases in the last 4 years. For deeper insights into insider transactions and additional financial metrics, explore InvestingPro, which offers 5 more exclusive tips about PBHC’s financial health and valuation.
In other recent news, Pathfinder Bancorp has announced a quarterly cash dividend of $0.10 per share for both its voting and non-voting common stock. This dividend also applies to the issued warrant at the same rate of $0.10 per notional share. The dividend is related to the fiscal quarter ending December 31, 2024. Shareholders of record by January 17, 2025, will be eligible to receive the dividend, which is set for payment on February 7, 2025. This announcement was made by James A. Dowd, President and CEO of Pathfinder Bancorp. The company operates as a wholly owned subsidiary of Pathfinder Bank, a New York State chartered commercial bank. Pathfinder Bank’s deposits are insured by the Federal Deposit Insurance Corporation. The press release included forward-looking statements regarding potential economic and regulatory impacts on future earnings.
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