Greene County Bancorp (NASDAQ:GCBC) Sees Large Volume Increase

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw unusually-high trading volume on Monday . Approximately 20,461 shares traded hands during mid-day trading, an increase of 21% from the previous session’s volume of 16,974 shares.The stock last traded at $31.91 and had previously closed at $33.71.

Greene County Bancorp Stock Performance

The business’s 50-day moving average price is $30.99 and its 200-day moving average price is $28.99. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.17. The stock has a market cap of $546.66 million, a PE ratio of 22.29 and a beta of 0.42.

Greene County Bancorp (NASDAQ:GCBC) last released its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.34 earnings per share for the quarter. The company had revenue of $15.71 million for the quarter. Greene County Bancorp had a net margin of 21.65% and a return on equity of 12.86%.

Greene County Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.00%. The ex-dividend date was Tuesday, May 14th. Greene County Bancorp’s payout ratio is presently 22.22%.

Insider Buying and Selling

In related news, Director Jay P. Cahalan sold 7,060 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $31.65, for a total value of $223,449.00. Following the completion of the sale, the director now owns 27,380 shares of the company’s stock, valued at approximately $866,577. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Jay P. Cahalan sold 7,060 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $31.65, for a total transaction of $223,449.00. Following the completion of the sale, the director now owns 27,380 shares of the company’s stock, valued at $866,577. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Michelle M. Plummer sold 3,154 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $30.32, for a total transaction of $95,629.28. Following the sale, the chief financial officer now directly owns 118,726 shares of the company’s stock, valued at approximately $3,599,772.32. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Greene County Bancorp

A number of hedge funds have recently modified their holdings of GCBC. Stratos Wealth Partners LTD. acquired a new position in Greene County Bancorp in the fourth quarter valued at about $222,000. Vanguard Group Inc. lifted its position in Greene County Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust’s stock valued at $10,428,000 after buying an additional 2,407 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Greene County Bancorp in the first quarter valued at about $272,000. Finally, BNP Paribas Financial Markets lifted its position in Greene County Bancorp by 12.7% in the first quarter. BNP Paribas Financial Markets now owns 4,272 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 13.39% of the company’s stock.

About Greene County Bancorp

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.