Greene County Bancorp, Inc. (NASDAQ:GCBC) Sees Significant Growth in Short Interest

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 147,180 shares, a growth of 138.8% from the June 15th total of 61,636 shares. Based on an average trading volume of 97,758 shares, the days-to-cover ratio is currently 1.5 days. Currently, 2.1% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Greene County Bancorp Price Performance

Shares of Greene County Bancorp stock traded up $1.09 during trading on Thursday, hitting $33.77. 1,873 shares of the company were exchanged, compared to its average volume of 22,555. Greene County Bancorp has a fifty-two week low of $21.25 and a fifty-two week high of $36.02. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average price of $28.57 and a 200 day moving average price of $24.88. The stock has a market capitalization of $575.19 million, a price-to-earnings ratio of 14.75 and a beta of 0.40.

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

Greene County Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, May 15th. Greene County Bancorp’s dividend payout ratio is 17.47%.

Insider Activity at Greene County Bancorp

In other news, Director John Brust acquired 2,080 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were purchased at an average cost of $24.05 per share, for a total transaction of $50,024.00. Following the transaction, the director directly owned 4,180 shares in the company, valued at approximately $100,529. This represents a 99.05% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michelle M. Plummer sold 10,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the transaction, the director directly owned 99,560 shares in the company, valued at $2,864,341.20. This represents a 9.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 59.20% of the company’s stock.

Hedge Funds Weigh In On Greene County Bancorp

A number of institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position 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 acquiring an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Greene County Bancorp by 31.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 450 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Greene County Bancorp by 658.6% in 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 acquiring an additional 1,923 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Greene County Bancorp during the 3rd quarter worth $221,000. Finally, First Trust Advisors LP purchased a new position in shares of Greene County Bancorp during the 2nd quarter worth $241,000. Institutional investors and hedge funds own 13.39% of the company’s stock.

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.