Greene County Bancorp (NASDAQ:GCBC) Sees Strong Trading Volume – Here’s What Happened

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw unusually-strong trading volume on Wednesday . Approximately 16,963 shares were traded during trading, a decline of 17% from the previous session’s volume of 20,467 shares.The stock last traded at $34.34 and had previously closed at $33.10.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Greene County Bancorp Price Performance

The company has a 50 day moving average of $26.44 and a 200 day moving average of $24.17. 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 market capitalization of $584.71 million, a price-to-earnings ratio of 15.01 and a beta of 0.44.

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 (EPS) for the quarter. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.The business had revenue of $44.07 million during the quarter.

Greene County Bancorp Dividend Announcement

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

Insider Buying and Selling

In other news, Director John Brust bought 2,041 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average price of $24.50 per share, for a total transaction of $50,004.50. Following the completion of the purchase, the director owned 6,221 shares in the company, valued at approximately $152,414.50. This trade represents a 48.83% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michelle M. Plummer sold 10,000 shares of the business’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 owned 99,560 shares of the company’s stock, valued at approximately $2,864,341.20. The trade was a 9.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 59.20% of the company’s stock.

Institutional Investors Weigh In On Greene County Bancorp

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

Greene County Bancorp Company Profile

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.