Greene County Bancorp (NASDAQ:GCBC) Director Buys $21,950.00 in Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Tejraj Hada acquired 1,000 shares of the firm’s stock in a transaction on Sunday, November 20th. The stock was purchased at an average price of $21.95 per share, for a total transaction of $21,950.00. Following the completion of the transaction, the director directly owned 29,191 shares in the company, valued at approximately $640,742.45. The trade was a 3.55% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Greene County Bancorp Stock Down 1.6%

NASDAQ GCBC opened at $22.59 on Thursday. The stock has a market capitalization of $384.71 million, a P/E ratio of 11.41 and a beta of 0.46. Greene County Bancorp, Inc. has a 52 week low of $20.00 and a 52 week high of $31.83. 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 fifty day moving average of $22.48 and a 200-day moving average of $23.10.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings results on Tuesday, October 21st. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter. The business had revenue of $19.75 million for the quarter. Greene County Bancorp had a return on equity of 14.75% and a net margin of 24.62%.

Greene County Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, November 14th. Greene County Bancorp’s dividend payout ratio (DPR) is 20.20%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Greene County Bancorp in a research report on Tuesday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Greene County Bancorp presently has an average rating of “Hold”.

Hedge Funds Weigh In On Greene County Bancorp

Several hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in Greene County Bancorp by 31.1% during the second quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 450 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Greene County Bancorp by 2.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock valued at $504,000 after acquiring an additional 500 shares during the period. CWM LLC raised its position in shares of Greene County Bancorp by 55.8% in the 2nd quarter. CWM LLC now owns 1,689 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 605 shares during the period. Bank of America Corp DE boosted its stake in Greene County Bancorp by 3.6% during the 3rd quarter. Bank of America Corp DE now owns 18,085 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 636 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Greene County Bancorp by 6.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 20,321 shares of the real estate investment trust’s stock worth $490,000 after acquiring an additional 1,203 shares during the last quarter. Institutional investors and hedge funds own 13.39% of the company’s stock.

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.