Greene County Bancorp (NASDAQ:GCBC) Director Jay Cahalan Acquires 4,300 Shares

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Jay Cahalan acquired 4,300 shares of Greene County Bancorp stock in a transaction on Friday, October 24th. The stock was acquired at an average cost of $22.73 per share, for a total transaction of $97,739.00. Following the completion of the purchase, the director owned 35,424 shares of the company’s stock, valued at approximately $805,187.52. The trade was a 13.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Greene County Bancorp Stock Performance

GCBC stock opened at $22.85 on Friday. Greene County Bancorp, Inc. has a twelve month low of $20.00 and a twelve month high of $35.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.65 and a quick ratio of 0.65. The business’s fifty day moving average is $23.12 and its 200-day moving average is $23.00.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings data on Tuesday, October 21st. The real estate investment trust reported $0.52 EPS for the quarter. Greene County Bancorp had a return on equity of 14.75% and a net margin of 24.62%.The business had revenue of $21.51 million during the quarter.

Greene County Bancorp Dividend Announcement

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

Institutional Investors Weigh In On Greene County Bancorp

A number of hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 valued at $490,000 after purchasing an additional 1,203 shares in the last quarter. Deutsche Bank AG raised its holdings in Greene County Bancorp by 204.7% during the 1st quarter. Deutsche Bank AG now owns 4,634 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 3,113 shares during the period. Angel Oak Capital Advisors LLC lifted its stake in Greene County Bancorp by 425.0% in the first quarter. Angel Oak Capital Advisors LLC now owns 42,000 shares of the real estate investment trust’s stock valued at $1,013,000 after buying an additional 34,000 shares in the last quarter. Nuveen LLC acquired a new position in shares of Greene County Bancorp in the first quarter valued at approximately $624,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Greene County Bancorp during the first quarter worth $292,000. Institutional investors and hedge funds own 13.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Greene County Bancorp in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Greene County Bancorp presently has a consensus rating of “Hold”.

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.