Tejraj Hada Buys 4,000 Shares of Greene County Bancorp (NASDAQ:GCBC) Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Tejraj Hada acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average price of $21.95 per share, with a total value of $87,800.00. Following the completion of the transaction, the director directly owned 35,427 shares of the company’s stock, valued at approximately $777,622.65. This represents a 12.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Greene County Bancorp Stock Performance

Shares of GCBC stock traded up $0.02 during trading hours on Wednesday, hitting $21.75. 25,990 shares of the company’s stock were exchanged, compared to its average volume of 11,648. Greene County Bancorp, Inc. has a fifty-two week low of $20.00 and a fifty-two week high of $26.04. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $22.79 and a two-hundred day moving average of $22.85.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $41.27 million for the quarter. Greene County Bancorp had a net margin of 26.03% and a return on equity of 15.01%.

Greene County Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. Greene County Bancorp’s payout ratio is currently 18.69%.

Institutional Investors Weigh In On Greene County Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings 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 worth $42,000 after buying an additional 450 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Greene County Bancorp by 2.4% in 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. CWM LLC boosted its position in Greene County Bancorp by 35.9% during the third quarter. CWM LLC now owns 2,296 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 607 shares during the last quarter. Bank of America Corp DE boosted its position in Greene County Bancorp by 3.6% during the third quarter. Bank of America Corp DE now owns 18,085 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 636 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew 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. Institutional investors and hedge funds own 13.39% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Greene County Bancorp in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

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.