Insider Buying: Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Purchases 7,000 Shares of Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Tejraj S. Hada bought 7,000 shares of Greene County Bancorp stock in a transaction on Wednesday, March 19th. The stock was acquired 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 represents a 80.40 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Greene County Bancorp Price Performance

Shares of NASDAQ GCBC traded up $0.26 during mid-day trading on Thursday, reaching $23.86. The company’s stock had a trading volume of 56,886 shares, compared to its average volume of 20,726. Greene County Bancorp, Inc. has a 52 week low of $23.11 and a 52 week high of $37.25. The stock has a fifty day moving average of $26.27 and a two-hundred day moving average of $28.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $406.26 million, a PE ratio of 15.39 and a beta of 0.43.

Greene County Bancorp (NASDAQ:GCBC) last issued 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 period in the previous year, the company posted $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.51%. Greene County Bancorp’s dividend payout ratio is 23.23%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Greene County Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday.

Hedge Funds Weigh In On Greene County Bancorp

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of Greene County Bancorp by 1.5% during 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 during the period. State Street Corp raised its holdings in shares of Greene County Bancorp by 9.0% in the third quarter. State Street Corp now owns 122,592 shares of the real estate investment trust’s stock valued at $3,788,000 after acquiring an additional 10,152 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Greene County Bancorp by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 75,670 shares of the real estate investment trust’s stock worth $2,098,000 after acquiring an additional 1,025 shares in the last quarter. Northern Trust Corp lifted its position in shares of Greene County Bancorp by 2.5% in the 4th quarter. Northern Trust Corp now owns 66,422 shares of the real estate investment trust’s stock worth $1,841,000 after purchasing an additional 1,632 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Greene County Bancorp by 417.6% in the 4th quarter. LPL Financial LLC now owns 33,718 shares of the real estate investment trust’s stock worth $935,000 after purchasing an additional 27,204 shares during the period. Institutional investors own 13.39% of the company’s stock.

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.