Short Interest in Greene County Bancorp, Inc. (NASDAQ:GCBC) Decreases By 14.1%

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 50,500 shares, a drop of 14.1% from the March 15th total of 58,800 shares. Based on an average daily volume of 9,300 shares, the short-interest ratio is currently 5.4 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Trading of Greene County Bancorp

Several large investors have recently added to or reduced their stakes in GCBC. FMR LLC boosted its holdings in Greene County Bancorp by 120.3% in the first quarter. FMR LLC now owns 746,272 shares of the real estate investment trust’s stock valued at $16,925,000 after acquiring an additional 407,447 shares in the last quarter. BlackRock Inc. boosted its holdings in Greene County Bancorp by 88.8% in the first quarter. BlackRock Inc. now owns 334,709 shares of the real estate investment trust’s stock valued at $7,591,000 after acquiring an additional 157,451 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Greene County Bancorp by 107.6% in the first quarter. Geode Capital Management LLC now owns 134,182 shares of the real estate investment trust’s stock valued at $3,043,000 after acquiring an additional 69,547 shares in the last quarter. State Street Corp boosted its holdings in Greene County Bancorp by 102.3% in the first quarter. State Street Corp now owns 91,400 shares of the real estate investment trust’s stock valued at $2,073,000 after acquiring an additional 46,227 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in Greene County Bancorp by 100.0% in the first quarter. Stifel Financial Corp now owns 59,216 shares of the real estate investment trust’s stock valued at $1,343,000 after acquiring an additional 29,608 shares in the last quarter. Institutional investors own 13.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, December 23rd.

Greene County Bancorp Stock Up 2.6 %

Shares of Greene County Bancorp stock opened at $27.25 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.64 and a current ratio of 0.64. Greene County Bancorp has a 52-week low of $17.50 and a 52-week high of $36.78. The stock has a market capitalization of $464.07 million, a price-to-earnings ratio of 17.25 and a beta of 0.42. The company’s 50 day moving average price is $27.95 and its 200-day moving average price is $26.51.

Greene County Bancorp (NASDAQ:GCBC) last issued its earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter. Greene County Bancorp had a net margin of 24.60% and a return on equity of 14.42%. The firm had revenue of $15.87 million for the quarter.

Greene County Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.17%. The ex-dividend date was Wednesday, February 14th. Greene County Bancorp’s dividend payout ratio (DPR) is currently 20.25%.

About Greene County Bancorp

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.