Insider Buying: Greene County Bancorp (NASDAQ:GCBC) CEO Purchases $21,880.00 in Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) CEO Donald Gibson bought 1,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were bought at an average cost of $21.88 per share, for a total transaction of $21,880.00. Following the completion of the acquisition, the chief executive officer directly owned 1,000 shares in the company, valued at approximately $21,880. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Greene County Bancorp Stock Up 0.1%

Shares of GCBC opened at $21.95 on Friday. The business has a 50-day moving average of $22.97 and a 200-day moving average of $23.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65. Greene County Bancorp, Inc. has a 1 year low of $20.00 and a 1 year high of $35.34.

Greene County Bancorp (NASDAQ:GCBC) last released its earnings results on Tuesday, October 21st. The real estate investment trust reported $0.52 earnings per share for the quarter. Greene County Bancorp had a net margin of 24.62% and a return on equity of 14.75%. The business had revenue of $21.51 million during the quarter.

Greene County Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, November 14th. Greene County Bancorp’s dividend payout ratio (DPR) is currently 20.20%.

Institutional Trading of Greene County Bancorp

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets raised its stake in Greene County Bancorp by 31.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 450 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of 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 valued at $504,000 after acquiring an additional 500 shares in the last quarter. CWM LLC raised its position in shares of Greene County Bancorp by 55.8% during the second quarter. CWM LLC now owns 1,689 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 605 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Greene County Bancorp by 6.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 20,321 shares of the real estate investment trust’s stock worth $490,000 after purchasing an additional 1,203 shares during the period. Finally, Stoneridge Investment Partners LLC lifted its holdings in shares of Greene County Bancorp by 8.3% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 21,546 shares of the real estate investment trust’s stock worth $487,000 after purchasing an additional 1,650 shares in the last quarter. 13.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Greene County Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Greene County Bancorp Company Profile

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.