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Ronald Tascarella, a retired executive vice president at Pathfinder Bancorp, Inc. (NASDAQ:PBHC), recently sold 5,000 shares of the company’s common stock. The sale, which took place on February 20, 2025, was executed at a price of $17 per share, amounting to a total transaction value of $85,000. The transaction occurred near current market levels, with the stock trading at $17.24 and showing impressive momentum with a 48% return over the past year. According to InvestingPro analysis, the company’s shares are currently trading slightly above their Fair Value.
Following this sale, Tascarella maintains direct ownership of 48,609 shares. Additionally, he holds indirect ownership of shares through various accounts: 9,690 shares via an Employee Stock Ownership Plan (ESOP), 20,292 shares through a 401(k) plan, and 5,000 shares owned by his spouse. The company, with a market capitalization of $105 million, has maintained dividend payments for 30 consecutive years and currently offers a 2.3% dividend yield. InvestingPro subscribers can access more insights about PBHC’s financial health, which is rated as "FAIR" by the platform’s comprehensive scoring system.
The transaction was filed with the SEC on February 24, 2025, with James A. Dowd signing on behalf of Tascarella.
In other recent news, Pathfinder Bancorp, Inc. announced a quarterly cash dividend of $0.10 per share for its common stock and a $0.10 per notional share for the issued warrant. This dividend relates to the fiscal quarter ending December 31, 2024, and is scheduled for payment on February 7, 2025, to shareholders of record as of January 17, 2025. The announcement was made by James A. Dowd, the President and CEO of Pathfinder Bancorp, Inc. Additionally, the company’s press release included forward-looking statements based on management’s current expectations regarding various economic, legislative, and regulatory factors. These factors, such as general economic conditions and changes in interest rates, could impact the company’s future earnings. Pathfinder Bancorp’s operations are supported by its twelve full-service offices in Oswego and Onondaga County, along with a limited purpose office in Oneida County. The bank’s deposits are insured by the Federal Deposit Insurance Corporation.
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