Greene County Bancorp (NASDAQ:GCBC) Stock Crosses Above 50 Day Moving Average – What’s Next?

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $24.25 and traded as high as $28.44. Greene County Bancorp shares last traded at $28.21, with a volume of 42,084 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Greene County Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Greene County Bancorp Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $491.49 million, a price-to-earnings ratio of 12.60 and a beta of 0.44. The business’s 50 day simple moving average is $24.50 and its 200-day simple moving average is $23.46.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 EPS for the quarter. The company had revenue of $44.07 million for the quarter. Greene County Bancorp had a net margin of 27.28% and a return on equity of 15.41%.

Greene County Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.40 annualized dividend and a yield of 1.4%. Greene County Bancorp’s payout ratio is presently 17.47%.

Insiders Place Their Bets

In related news, Director Tejraj S. Hada bought 4,000 shares of the stock in a transaction on Wednesday, March 18th. The shares were purchased at an average price of $21.95 per share, with a total value of $87,800.00. Following the purchase, the director owned 35,427 shares in the company, valued at approximately $777,622.65. This represents a 12.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter W. Hogan purchased 3,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were bought at an average price of $22.10 per share, for a total transaction of $66,300.00. Following the completion of the transaction, the director directly owned 75,000 shares in the company, valued at $1,657,500. This represents a 4.17% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 13,121 shares of company stock worth $298,109. 59.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Greene County Bancorp by 250.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Greene County Bancorp by 31.1% in the second quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 450 shares during the period. Tower Research Capital LLC TRC boosted its stake in Greene County Bancorp by 658.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,923 shares in the last quarter. Two Sigma Investments LP bought a new position in Greene County Bancorp during the 3rd quarter valued at $221,000. Finally, First Trust Advisors LP acquired a new position in shares of Greene County Bancorp during the 2nd quarter valued at $241,000. 13.39% of the stock is currently owned by institutional investors.

About Greene County Bancorp

Greene County Bancorp, Inc is the bank holding company for Greene County Community Bank, a full-service commercial bank based in Waynesburg, Pennsylvania. The company traces its roots to the early 20th century and has cultivated a reputation for community-focused banking in Greene County and the surrounding region of southwestern Pennsylvania.

Through its subsidiary, the company offers a broad range of financial products and services, including personal and business deposit accounts, residential and commercial real estate loans, consumer installment loans, and agricultural financing.