Greene County Bancorp (NASDAQ:GCBC) Sees Strong Trading Volume – Time to Buy?

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares saw unusually-high trading volume on Monday . Approximately 33,399 shares traded hands during mid-day trading, an increase of 41% from the previous session’s volume of 23,609 shares.The stock last traded at $34.16 and had previously closed at $33.46.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Greene County Bancorp Price Performance

The company’s fifty day moving average is $31.02 and its two-hundred day moving average is $25.98. The firm has a market capitalization of $589.75 million, a price-to-earnings ratio of 14.37 and a beta of 0.39. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02.

Greene County Bancorp (NASDAQ:GCBC) last released its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.67 EPS for the quarter. The firm had revenue of $24.98 million during the quarter. Greene County Bancorp had a net margin of 28.14% and a return on equity of 15.90%.

Greene County Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 14th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.3%. This is a boost from Greene County Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, August 14th. Greene County Bancorp’s payout ratio is presently 16.60%.

Insiders Place Their Bets

In other Greene County Bancorp news, Director Michelle M. Plummer sold 10,000 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the transaction, the director owned 99,560 shares of the company’s stock, valued at approximately $2,864,341.20. This represents a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 59.20% of the company’s stock.

Institutional Trading of Greene County Bancorp

A number of hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in Greene County Bancorp by 250.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of 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 buying an additional 450 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 buying an additional 1,923 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Greene County Bancorp during the 3rd quarter worth $221,000. Finally, First Trust Advisors LP acquired a new stake in Greene County Bancorp during the 2nd quarter worth $241,000. 13.39% of the stock is currently owned by institutional investors and hedge funds.

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.