Pathfinder Bancorp, Inc. (PBHC)

Market price: $16.79

4 valuation methods

• P / E — normalized: $9.46 to $15.29 (midpoint $11.18)
• P / B: $27.28 to $36.69 (midpoint $32.68)
• P / Tangible Book: $26.52 to $36.07 (midpoint $32.75)
• Dividend Discount Model (DDM): $175.03 to $281.36 (midpoint $215.66)