Greene County Bancorp (NASDAQ:GCBC) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $22.84 and traded as low as $22.67. Greene County Bancorp shares last traded at $22.82, with a volume of 10,269 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Greene County Bancorp in a research note on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Greene County Bancorp Price Performance

The stock’s 50-day moving average price is $22.91 and its 200 day moving average price is $22.74. The firm has a market cap of $406.17 million, a price-to-earnings ratio of 11.14 and a beta of 0.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.02.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $0.60 EPS for the quarter. The business had revenue of $41.27 million during the quarter. Greene County Bancorp had a net margin of 26.03% and a return on equity of 15.01%.

Greene County Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, February 13th. Greene County Bancorp’s dividend payout ratio (DPR) is presently 18.69%.

Insider Transactions at Greene County Bancorp

In other news, Director Christopher Cannucciari acquired 1,300 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were bought at an average price of $22.05 per share, with a total value of $28,665.00. Following the acquisition, the director owned 4,378 shares of the company’s stock, valued at $96,534.90. This trade represents a 42.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter W. Hogan acquired 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average cost of $22.10 per share, for a total transaction of $66,300.00. Following the acquisition, the director directly owned 75,000 shares in the company, valued at $1,657,500. This represents a 4.17% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 11,580 shares of company stock worth $255,609 over the last quarter. 59.20% of the stock is owned by company insiders.

Institutional Trading of Greene County Bancorp

Several institutional investors have recently modified their holdings of GCBC. Raymond James Financial Inc. acquired a new stake in shares of Greene County Bancorp during the 3rd quarter worth approximately $790,000. Hsbc Holdings PLC lifted its position in shares of Greene County Bancorp by 202.8% during the 2nd quarter. Hsbc Holdings PLC now owns 37,029 shares of the real estate investment trust’s stock worth $852,000 after buying an additional 24,800 shares during the period. Covalent Partners LLC lifted its position in shares of Greene County Bancorp by 37.9% during the 4th quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock worth $1,400,000 after buying an additional 17,329 shares during the period. Jane Street Group LLC bought a new position in shares of Greene County Bancorp during the 1st quarter worth approximately $296,000. Finally, Bank of America Corp DE lifted its position in shares of Greene County Bancorp by 173.8% during the 2nd quarter. Bank of America Corp DE now owns 17,449 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 11,075 shares during the period. Institutional investors and hedge funds own 13.39% of the company’s stock.

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.