Greene County Bancorp (NASDAQ:GCBC) Sets New 12-Month High – Should You Buy?

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares hit a new 52-week high during trading on Friday . The stock traded as high as $31.46 and last traded at $31.2160, with a volume of 13562 shares trading hands. The stock had previously closed at $30.45.

Analyst Ratings Changes

Separately, Weiss Ratings raised Greene County Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Greene County Bancorp Trading Up 3.7%

The business has a fifty day moving average of $25.87 and a 200-day moving average of $23.98. 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 company has a market capitalization of $537.64 million, a P/E ratio of 13.79 and a beta of 0.44.

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

Greene County Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, May 15th. Greene County Bancorp’s dividend payout ratio (DPR) is currently 17.47%.

Insider Activity

In other Greene County Bancorp news, Director John Brust bought 2,041 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were bought at an average price of $24.50 per share, for a total transaction of $50,004.50. Following the acquisition, the director directly owned 6,221 shares of the company’s stock, valued at approximately $152,414.50. The trade was a 48.83% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michelle M. Plummer sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the transaction, the director directly owned 99,560 shares in the company, valued at approximately $2,864,341.20. The trade was a 9.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 59.20% of the company’s stock.

Institutional Trading of Greene County Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its position in shares of Greene County Bancorp by 31.1% during the second quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 450 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Greene County Bancorp by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock worth $504,000 after buying an additional 500 shares in the last quarter. Hsbc Holdings PLC raised its position in Greene County Bancorp by 1.2% in the 1st quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust’s stock valued at $968,000 after buying an additional 521 shares during the last quarter. Bank of America Corp DE raised its position in Greene County Bancorp by 3.6% in the 3rd quarter. Bank of America Corp DE now owns 18,085 shares of the real estate investment trust’s stock valued at $409,000 after buying an additional 636 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Greene County Bancorp by 250.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,000 shares in the last quarter. 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.