Greene County Bancorp (NASDAQ:GCBC) Posts Quarterly Earnings Results

Greene County Bancorp (NASDAQ:GCBC) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.60 EPS for the quarter, Zacks reports. Greene County Bancorp had a return on equity of 14.44% and a net margin of 24.62%.

Greene County Bancorp Stock Up 0.2%

Shares of NASDAQ:GCBC opened at $22.50 on Wednesday. Greene County Bancorp has a 12-month low of $20.00 and a 12-month high of $27.62. The stock’s 50-day moving average price is $22.84 and its two-hundred day moving average price is $23.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.65 and a quick ratio of 0.65.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Greene County Bancorp in a report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, Greene County Bancorp currently has an average rating of “Hold”.

Insider Buying and Selling

In other Greene County Bancorp news, EVP John Antalek bought 1,500 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $33,000.00. Following the transaction, the executive vice president directly owned 7,567 shares in the company, valued at $166,474. The trade was a 24.72% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tejraj S. Hada bought 3,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were acquired at an average cost of $21.96 per share, for a total transaction of $65,880.00. Following the purchase, the director directly owned 27,923 shares in the company, valued at $613,189.08. This represents a 12.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 16,075 shares of company stock valued at $358,148 in the last quarter. Company insiders own 59.20% of the company’s stock.

Hedge Funds Weigh In On Greene County Bancorp

Several hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in shares of 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 valued at $42,000 after acquiring an additional 450 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Greene County Bancorp by 658.6% during the second 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 last quarter. Two Sigma Investments LP purchased a new position in Greene County Bancorp in the third quarter valued at about $221,000. First Trust Advisors LP acquired a new position in Greene County Bancorp in the 2nd quarter worth about $241,000. Finally, Rhumbline Advisers raised its stake in shares of Greene County Bancorp by 17.7% during the 2nd quarter. Rhumbline Advisers now owns 11,168 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 1,679 shares in the last quarter. 13.39% of the stock is currently owned by institutional investors and hedge funds.

About Greene County Bancorp

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.