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William D. O’Brien, Senior Vice President of Pathfinder Bancorp, Inc. (NASDAQ:PBHC), a $104 million market cap regional bank that has delivered a remarkable 49% return over the past year, recently sold 2,353 shares of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $17.14 each, amounting to a total transaction value of $40,330. Following this sale, O’Brien holds 14,865 shares directly. Additionally, he maintains indirect holdings of 8,814 shares through an Employee Stock Ownership Plan (ESOP) and 3,255 shares through a 401(k) plan. The company, which InvestingPro analysis shows has maintained dividend payments for 30 consecutive years with an 11% dividend growth in the last year, currently offers a 2.3% yield. For deeper insights into insider trading patterns and additional financial metrics, investors can access more exclusive tips on InvestingPro.
In other recent news, Pathfinder Bancorp, the bank holding company of Pathfinder Bank, has declared a quarterly cash dividend. The dividend, amounting to $0.10 per share, applies to both its voting and non-voting common stock, as well as a $0.10 per notional share for the issued warrant. This dividend pertains to the fiscal quarter ending December 31, 2024. Shareholders of record as of January 17, 2025, will be eligible to receive the dividend, which is scheduled for payment on February 7, 2025. The announcement was made by James A. Dowd, President and CEO of Pathfinder Bancorp. The press release also included certain forward-looking statements based on management’s current expectations about various economic, legislative, and regulatory issues that could influence the company’s future earnings. Factors that could cause actual results to differ include general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values, competition, and changes in accounting principles.
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