Greene County Bancorp (NASDAQ:GCBC) Director Michelle Plummer Sells 10,000 Shares of Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Michelle Plummer sold 10,000 shares of Greene County Bancorp stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $35.52, for a total transaction of $355,200.00. Following the completion of the sale, the director directly owned 89,560 shares in the company, valued at approximately $3,181,171.20. This represents a 10.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Greene County Bancorp Stock Up 0.8%

GCBC opened at $36.42 on Tuesday. 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 stock has a market cap of $619.87 million, a price-to-earnings ratio of 13.90 and a beta of 0.52. Greene County Bancorp, Inc. has a twelve month low of $21.38 and a twelve month high of $37.25. The company’s 50-day moving average price is $35.01 and its two-hundred day moving average price is $29.08.

Greene County Bancorp (NASDAQ:GCBC) last released its earnings results on Thursday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter. Greene County Bancorp had a net margin of 30.24% and a return on equity of 16.67%. The firm had revenue of $24.80 million during the quarter.

Greene County Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $0.11 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.44 annualized dividend and a yield of 1.2%. Greene County Bancorp’s dividend payout ratio is presently 16.79%.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Greene County Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Institutional Investors Weigh In On Greene County Bancorp

Several large investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its holdings in shares of Greene County Bancorp by 1.2% in the first quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust’s stock worth $968,000 after buying an additional 521 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Greene County Bancorp by 211.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,244 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 844 shares during the period. Dimensional Fund Advisors LP grew its stake in Greene County Bancorp by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock valued at $2,076,000 after acquiring an additional 1,006 shares in the last quarter. Bank of America Corp DE grew its stake in Greene County Bancorp by 5.2% during the first quarter. Bank of America Corp DE now owns 21,302 shares of the real estate investment trust’s stock valued at $477,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Greene County Bancorp by 2.6% during the first quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust’s stock valued at $1,143,000 after acquiring an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 13.39% of the company’s stock.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc is a bank holding company headquartered in Catskill, New York. Through its principal subsidiary, The Bank of Greene County, the company provides community banking services to individuals, families, businesses and nonprofit organizations.

The Bank of Greene County offers deposit products, residential and commercial real estate loans, consumer lending, business loans and other financial services. Its product offerings include checking and savings accounts, certificates of deposit, online and mobile banking, treasury management and investment-related services.

Founded in 1889, the bank has a long history of serving communities in New York’s Hudson Valley.