Greene County Bancorp (NASDAQ:GCBC) Shares Gap Down – Here’s Why

Greene County Bancorp, Inc. (NASDAQ:GCBC) gapped down before the market opened on Tuesday . The stock had previously closed at $34.95, but opened at $33.20. Greene County Bancorp shares last traded at $34.43, with a volume of 802 shares traded.

Greene County Bancorp Price Performance

The stock has a 50 day simple moving average of $30.19 and a two-hundred day simple moving average of $31.25. The company has a market cap of $585.56 million, a price-to-earnings ratio of 24.10 and a beta of 0.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.65 and a quick ratio of 0.65.

Greene County Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.36 annualized dividend and a yield of 1.05%. Greene County Bancorp’s dividend payout ratio (DPR) is 24.83%.

Insider Activity

In related news, Director Tejraj S. Hada acquired 2,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was bought at an average cost of $28.00 per share, with a total value of $56,000.00. Following the transaction, the director now owns 8,651 shares of the company’s stock, valued at $242,228. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Nick Barzee bought 892 shares of Greene County Bancorp stock in a transaction that occurred on Friday, October 25th. The shares were purchased at an average price of $28.57 per share, for a total transaction of $25,484.44. Following the completion of the acquisition, the chief financial officer now owns 900 shares of the company’s stock, valued at $25,713. The trade was a 11,100.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tejraj S. Hada acquired 2,000 shares of Greene County Bancorp stock in a transaction on Friday, November 1st. The shares were bought at an average price of $28.00 per share, for a total transaction of $56,000.00. Following the purchase, the director now owns 8,651 shares of the company’s stock, valued at $242,228. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.10% of the company’s stock.

Institutional Trading of Greene County Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in shares of Greene County Bancorp by 12.7% during 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 purchasing an additional 483 shares during the last quarter. FineMark National Bank & Trust acquired a new stake in Greene County Bancorp in the second quarter worth approximately $229,000. Renaissance Technologies LLC acquired a new stake in Greene County Bancorp in the second quarter worth approximately $260,000. Janus Henderson Group PLC acquired a new stake in shares of Greene County Bancorp during the 1st quarter valued at $272,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Greene County Bancorp by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 22,546 shares of the real estate investment trust’s stock valued at $760,000 after acquiring an additional 300 shares during the last quarter. 13.39% of the stock is owned by institutional investors.

Greene County Bancorp Company 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.