PBHC
Pathfinder Bancorp, Inc.Financial Services·Banks - Regional
$13.70
$85M market cap
Revenue
$38.4M
Free Cash Flow
$0.5M
Rev Growth
+0.0%
FCF Margin
1.3%
P/FCF
170.7x
EV/FCF
294.1x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Pathfinder Bancorp, Inc. operates as a holding company for Pathfinder Bank that provides various banking and financial products and services primarily in Oswego and Onondaga Counties, New York. The company accepts various deposits, including checking, savings, and money market deposit accounts, as well as certificates of deposit, and demand and time deposits. Its loan portfolio comprises commercial real estate loans; commercial loans; residential real estate and construction loans; tax-exempt lo
2-Year Price History
$13.90+14.0%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 18.8 | 2.9 | 2.9 | 2.4 | -0.4 | -0.7 | -0.3 | 13.9 | 75.1 | 6.3 | 8.3% | 0.4x | -- |
| Act | 2025-Q4 | 19.6 | -8.4 | -8.5 | -7.1 | 2.7 | 1.2 | -1.5 | 288.3 | 107.2 | 6.4 | -19.2% | -1.1x | -- |
Valuation & Metrics
Market Stats
Price$13.70
Market Cap$85M
Enterprise Value$146M
P/S Ratio2.2x
P/FCF170.7x
EV/FCF294.1x
FCF Margin (TTM)1.3%
FCF Yield0.6%
Dividend Yield (TTM)2.9%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$38.4M
Net Income$-4.6M
Free Cash Flow$0.5M
Revenue Growth (YoY)+0.0%
EBITDA Margin-14.1%
Net Margin-12.1%
FCF Margin1.3%
CapEx % of Revenue4.5%
SBC % of Revenue0.0%
ROIC-5.5%
WC Change % Rev2256.3%
Interest Coverage-0.4x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover5.2
Change (vs Prior)-25.6%
Need at least 2 settlement dates for chart
Employees
Headcount172
Revenue / Employee$223,483
Gross Profit / Employee$72,483
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
14.6%(-1.2% YoY)
10 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
3.1%(+1.1% YoY)
7 filers
Vanguard, iShares, SPDR
Market makers
0.3%(-0.2% YoY)
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| ALLIANCEBERNSTEIN L.P. | $6.7M | $14.73 | −$5K | +$2.2M | -0.3% | $307.70B |
| Minerva Advisors LLC | $3.3M | $12.29 | +$0 | +$0 | -1.7% | $155M |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $1.5M | $12.67 | +$1.5M | +$1.5M | — | $4.04T |
| Oppenheimer & Close, LLC | $1.2M | $12.51 | +$0 | +$0 | +1.2% | $159M |
| Hamilton Point Investment Advisors, LLC | $490K | $18.06 | +$0 | +$0 | -0.5% | $649M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $293K | $16.37 | −$38K | −$26K | +2.3% | $1.61T |
| DIMENSIONAL FUND ADVISORS LPPassive | $285K | $15.25 | +$0 | +$19K | -0.4% | $480.92B |
| SUSQUEHANNA INTERNATIONAL GROUP, LLPMM | $258K | $15.42 | −$44K | −$63K | -0.6% | $77.14B |
| ADVISOR GROUP HOLDINGS, INC. | $230K | $14.83 | +$1K | +$16K | -0.3% | $67.63B |
| VANGUARD FIDUCIARY TRUST COPassive | $217K | $12.67 | +$215K | +$217K | — | $395.83B |
| NORTHERN TRUST CORPPassive | $209K | $13.65 | −$1K | +$38K | -0.2% | $755.34B |
| CALDWELL SUTTER CAPITAL, INC. | $189K | $17.50 | +$0 | +$0 | -1.4% | $246M |
| BlackRock, Inc.Passive | $137K | $14.62 | +$28K | +$40K | -0.2% | $5.69T |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $130K | $12.82 | +$0 | +$0 | -2.3% | $4.93B |
| ROYAL BANK OF CANADA | $75K | $12.58 | +$0 | +$0 | -0.2% | $526.36B |
| Vanguard Global Advisers, LLCPassive | $21K | $12.67 | +$21K | +$21K | — | $186.48B |
| MORGAN STANLEY | $6K | $13.27 | +$0 | −$1K | -0.3% | $1.65T |
| Tower Research Capital LLC (TRC)MM | $6K | $14.39 | +$3K | +$6K | -0.6% | $3.84B |
| CWM, LLC | $2K | $16.82 | +$0 | +$0 | -0.1% | $37.83B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.61%
avg per quarter
Holders (ex-self)
-0.57%
excl. this stock
Buyers (this Q)
+0.00%
5 buyers · $0.00B in
Sellers (this Q)
-0.28%
4 sellers · $0.00B out
alpha coverage: 89% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+15.9%
how holders react when this stock falls
On quiet Qs
+2.5%
−10% to +10% baseline
On rallies (+10%+)
+3.1%
how they react when this stock rises
Holders' portfolio flow this Q
+1.1%
inflows — adds are organic
Sellers' portfolio flow this Q
+5.6%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-3.7%
Holder mid (any stock)
-1.7%
Holder rally (any stock)
-2.9%
Biggest decreases this quarter
New buyers this quarter
Top-5 holders · 86.5%
ALLIANCEBERNSTEIN L.P.--
Minerva Advisors LLC--
VANGUARD CAPITAL MANAGEMENT LLC--
Oppenheimer & Close, LLC--
Hamilton Point Investment Advisors, LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
ALLIANCEBERNSTEIN L.P.474KMinerva Advisors LLC262KRockbridge Investment Management, LCC—BASSWOOD CAPITAL MANAGEMENT, L.L.C.—M3F, Inc.—Oppenheimer & Close, LLC92KFourthstone LLC—HOWE & RUSLING INC—MONOGRAPH WEALTH ADVISORS, LLC—Inspire Investing, LLC—
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$32K
3 txns · 2 insiders · 2,381 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-02-13 | BUY | Gagas Adam C. | director | 1,950 | $13.75 | $27K | $244K |
| 2026-02-12 | BUY | Gagas Adam C. | director | 6 | $13.50 | $81 | $213K |
| 2026-02-04 | BUY | Ayoub David A. | director | 425 | $12.83 | $5K | $246K |
Order Flow (FINRA, ~3w lag)
23.6%retail+4.4pp
45.5%dark+11.8pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Pathfinder Bancorp, Inc.: Administrative Metadata Analysis Indicates Low Forensic Risk
Overall Risk
2/10
Fraud
1/10
Dilution
1/10
Insolvency
2/10
Earnings Overstated
5/10
Hidden Liabilities
2/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10