Insider Buying: Greene County Bancorp (NASDAQ:GCBC) Director Acquires $43,980.00 in Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Tejraj Hada bought 2,000 shares of the stock in a transaction dated Tuesday, March 17th. The shares were acquired at an average price of $21.99 per share, with a total value of $43,980.00. Following the completion of the purchase, the director directly owned 31,427 shares of the company’s stock, valued at approximately $691,079.73. This represents a 6.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Greene County Bancorp Trading Up 2.9%

NASDAQ:GCBC opened at $22.81 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.63 and a current ratio of 0.63. Greene County Bancorp, Inc. has a one year low of $20.00 and a one year high of $26.04. The business’s 50-day simple moving average is $22.80 and its 200 day simple moving average is $22.83. The stock has a market cap of $388.45 million, a price-to-earnings ratio of 10.66 and a beta of 0.41.

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

Greene County Bancorp Announces Dividend

The firm 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. This represents a $0.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, February 13th. Greene County Bancorp’s dividend payout ratio is 18.69%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Greene County Bancorp

Hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC increased its holdings in Greene County Bancorp by 202.8% in the second quarter. Hsbc Holdings PLC now owns 37,029 shares of the real estate investment trust’s stock valued at $852,000 after buying an additional 24,800 shares during the last quarter. Bank of America Corp DE raised its stake in Greene County Bancorp by 173.8% during the second quarter. Bank of America Corp DE now owns 17,449 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 11,075 shares in the last quarter. Jane Street Group LLC bought a new position in Greene County Bancorp during the 1st quarter worth approximately $296,000. Rhumbline Advisers lifted its holdings in 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 buying an additional 1,679 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Greene County Bancorp in the 2nd quarter worth approximately $241,000. 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.