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Ronald Tascarella, the retired Executive Vice President of Pathfinder Bancorp, Inc. (NASDAQ:PBHC), recently sold a small portion of his holdings in the company. According to a recent SEC filing, Tascarella sold 2 shares of common stock on February 28, 2025, at a price of $17.10 per share, totaling $34. The transaction occurred as PBHC shares trade near $17.21, having delivered an impressive 52.71% return over the past year. InvestingPro subscribers can access comprehensive insider trading patterns and additional valuable metrics to make informed investment decisions.
Following this transaction, Tascarella holds 47,337 shares directly. Additionally, he maintains indirect ownership of shares through various accounts: 9,690 shares by ESOP, 20,292 shares by 401K, and 5,000 shares by his spouse. The $105 million market cap company trades at 0.86 times book value and has maintained dividend payments for 30 consecutive years.
The filing also disclosed that Tascarella holds stock options, exercisable at $11.35 per share, with a total of 15,816 underlying common stock shares. These options are set to expire on May 6, 2026. According to InvestingPro analysis, the stock currently trades slightly above its Fair Value.
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 a $0.10 per notional share for the issued warrant, covering the fiscal quarter ending December 31, 2024. Shareholders of record as of 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. The company operates through its wholly owned subsidiary, Pathfinder Bank, which is a New York State chartered commercial bank. The bank’s deposits are insured by the Federal Deposit Insurance Corporation. Pathfinder Bank serves a broad customer base with twelve full-service offices in Oswego and Onondaga County and one limited-purpose office in Oneida County. The press release included forward-looking statements regarding economic, legislative, and regulatory issues that could impact future earnings.
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