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Ronald Tascarella, the retired Executive Vice President of Pathfinder Bancorp, Inc. (NASDAQ:PBHC), a $104 million market cap regional bank, recently sold a portion of his holdings in the company. According to a recent filing with the Securities and Exchange Commission, Tascarella sold a total of 69 shares of common stock. The sales, which occurred on February 25, 2025, were executed at prices ranging from $17.10 to $17.25 per share, amounting to a total transaction value of $1,180. InvestingPro data shows the stock has delivered an impressive 50% return over the past year.
Following these transactions, Tascarella holds 48,540 shares directly. Additionally, he maintains indirect ownership of shares through various accounts, including an ESOP, a 401(k), and shares owned by his spouse. This activity is part of the regular disclosure requirements for company insiders and provides insight into executive stock transactions for investors. The company maintains strong dividend credentials, having maintained payments for 30 consecutive years with a current yield of 2.3%. InvestingPro subscribers can access additional insights, including exclusive financial health scores and detailed valuation metrics.
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, as well as a $0.10 per notional share for the issued warrant. This dividend relates to the fiscal quarter ending December 31, 2024. Shareholders recorded by January 17, 2025, will be eligible to receive this dividend, which is scheduled for payment on February 7, 2025. The announcement was made by James A. Dowd, President and CEO of Pathfinder Bancorp. Pathfinder Bank, a wholly owned subsidiary of Pathfinder Bancorp, serves its local customer base through multiple offices in New York. The bank’s deposits are insured by the Federal Deposit Insurance Corporation. The press release also mentioned forward-looking statements regarding economic, legislative, and regulatory factors that could impact the company’s future earnings.
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