Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Up 42.8% in February

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 67,700 shares, a growth of 42.8% from the January 31st total of 47,400 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 23,000 shares, the days-to-cover ratio is presently 2.9 days.

Greene County Bancorp Stock Up 0.8 %

Greene County Bancorp stock opened at $26.46 on Wednesday. Greene County Bancorp has a 52 week low of $25.25 and a 52 week high of $37.25. The stock has a market cap of $450.53 million, a price-to-earnings ratio of 17.07 and a beta of 0.45. The company’s 50-day moving average price is $26.93 and its two-hundred day moving average price is $29.41. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03.

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

Greene County Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, February 14th. Greene County Bancorp’s dividend payout ratio is presently 23.23%.

Insider Buying and Selling at Greene County Bancorp

In other Greene County Bancorp news, Director Jay P. Cahalan acquired 1,944 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $26.45 per share, with a total value of $51,418.80. Following the acquisition, the director now directly owns 29,324 shares of the company’s stock, valued at $775,619.80. This represents a 7.10 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.10% of the stock is owned by company insiders.

Institutional Trading of Greene County Bancorp

Several institutional investors have recently modified their holdings of GCBC. Geode Capital Management LLC raised its position in Greene County Bancorp by 1.5% in the third quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust’s stock worth $5,048,000 after acquiring an additional 2,458 shares in the last quarter. Barclays PLC grew its stake in shares of Greene County Bancorp by 370.0% in the 3rd quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 9,229 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Greene County Bancorp by 69.1% in the 3rd 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 worth $493,000 after purchasing an additional 6,517 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Greene County Bancorp during the fourth quarter valued at approximately $100,000. Finally, JPMorgan Chase & Co. boosted its holdings 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 worth $338,000 after buying an additional 5,863 shares in the last quarter. Institutional investors and hedge funds own 13.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Greene County Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, February 17th.

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.