Charles Schwab Investment Management Inc. Reduces Stake in Greene County Bancorp, Inc. (NASDAQ:GCBC)

Charles Schwab Investment Management Inc. lowered its position in Greene County Bancorp, Inc. (NASDAQ:GCBC) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,118 shares of the real estate investment trust’s stock after selling 1,087 shares during the period. Charles Schwab Investment Management Inc. owned about 0.11% of Greene County Bancorp worth $530,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in Greene County Bancorp by 53.4% in the third quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,450 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Greene County Bancorp by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust’s stock worth $5,048,000 after purchasing an additional 2,458 shares during the period. SG Americas Securities LLC purchased a new position in shares of Greene County Bancorp in the fourth quarter worth approximately $100,000. JPMorgan Chase & Co. grew its position in Greene County Bancorp by 115.5% during the third quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 5,863 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Greene County Bancorp by 69.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,947 shares of the real estate investment trust’s stock valued at $493,000 after buying an additional 6,517 shares during the last quarter. Hedge funds and other institutional investors own 13.39% of the company’s stock.

Insider Transactions at Greene County Bancorp

In other Greene County Bancorp news, Director Tejraj S. Hada purchased 7,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average cost of $23.39 per share, with a total value of $163,730.00. Following the acquisition, the director now owns 15,706 shares in the company, valued at approximately $367,363.34. This trade represents a 80.40 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay P. Cahalan purchased 1,944 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $26.45 per share, with a total value of $51,418.80. Following the completion of the purchase, the director now directly owns 29,324 shares in the company, valued at $775,619.80. This trade represents a 7.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 9,784 shares of company stock valued at $237,409 over the last three months. Corporate insiders own 5.10% of the company’s stock.

Greene County Bancorp Price Performance

NASDAQ GCBC opened at $24.11 on Tuesday. The business’s fifty day moving average is $25.75 and its 200 day moving average is $28.36. Greene County Bancorp, Inc. has a fifty-two week low of $21.75 and a fifty-two week high of $37.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $410.52 million, a PE ratio of 15.55 and a beta of 0.43.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share for the quarter. Greene County Bancorp had a return on equity of 12.55% and a net margin of 21.02%. During the same quarter in the previous year, the company posted $0.34 EPS.

Greene County Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.09 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.49%. Greene County Bancorp’s payout ratio is currently 23.23%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a research note on Monday.

Greene County Bancorp Profile

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.