Hsbc Holdings PLC Invests $1.35 Million in Greene County Bancorp, Inc. $GCBC

Hsbc Holdings PLC acquired a new stake in shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) during the 2nd quarter, Holdings Channel reports. The fund acquired 40,222 shares of the real estate investment trust’s stock, valued at approximately $1,354,000.

A number of other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Greene County Bancorp in the 2nd quarter worth $42,000. BNP Paribas Financial Markets raised its holdings in 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 acquiring an additional 450 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Greene County Bancorp by 658.6% in 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 acquiring an additional 1,923 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Greene County Bancorp in the second quarter valued at about $233,000. Finally, GSA Capital Partners LLP bought a new position in shares of Greene County Bancorp in the second quarter worth about $297,000. Hedge funds and other institutional investors own 13.39% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Insider Buying and Selling

In other Greene County Bancorp news, Director Michelle M. Plummer sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the transaction, the director owned 99,560 shares in the company, valued at $2,864,341.20. This trade represents a 9.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 59.20% of the company’s stock.

Greene County Bancorp Stock Down 1.3%

Shares of GCBC stock opened at $34.39 on Tuesday. The company’s fifty day simple moving average is $33.63 and its two-hundred day simple moving average is $27.53. Greene County Bancorp, Inc. has a 52 week low of $21.25 and a 52 week high of $36.02. The stock has a market cap of $585.66 million, a P/E ratio of 14.27 and a beta of 0.39. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $0.67 earnings per share for the quarter. The firm had revenue of $24.98 million during the quarter. Greene County Bancorp had a return on equity of 15.90% and a net margin of 28.14%.

Greene County Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, August 14th. This is a boost from Greene County Bancorp’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 1.3%. Greene County Bancorp’s dividend payout ratio is currently 18.26%.

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.