Greene County Bancorp (NASDAQ:GCBC) Hits New 1-Year High – Here’s What Happened

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) reached a new 52-week high during trading on Thursday . The stock traded as high as $34.77 and last traded at $34.26, with a volume of 57080 shares changing hands. The stock had previously closed at $33.59.

Analyst Ratings Changes

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

Greene County Bancorp Price Performance

The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average price is $26.66 and its 200 day moving average price is $24.24. The company has a market cap of $583.45 million, a price-to-earnings ratio of 14.96 and a beta of 0.39.

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

Greene County Bancorp Dividend Announcement

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

Insiders Place Their Bets

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

Institutional Trading of Greene County Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Greene County Bancorp by 1.3% during the third quarter. Vanguard Group Inc. now owns 369,486 shares of the real estate investment trust’s stock worth $8,350,000 after buying an additional 4,650 shares during the period. Geode Capital Management LLC lifted its position in shares of Greene County Bancorp by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 170,538 shares of the real estate investment trust’s stock valued at $3,792,000 after acquiring an additional 1,276 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Greene County Bancorp by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock worth $2,076,000 after acquiring an additional 1,006 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Greene County Bancorp by 14.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 66,370 shares of the real estate investment trust’s stock worth $1,475,000 after acquiring an additional 8,313 shares during the period. Finally, Covalent Partners LLC grew its holdings in shares of Greene County Bancorp by 37.9% in the 4th quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock worth $1,400,000 after acquiring an additional 17,329 shares during the period. 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.