Greene County Bancorp (NASDAQ:GCBC) Sets New 1-Year High – Here’s What Happened

Greene County Bancorp, Inc. (NASDAQ:GCBC) reached a new 52-week high during trading on Wednesday . The company traded as high as $36.02 and last traded at $34.25, with a volume of 66827 shares trading hands. The stock had previously closed at $34.50.

Analysts Set New Price Targets

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

Greene County Bancorp Trading Up 1.1%

The firm has a market capitalization of $545.81 million, a price-to-earnings ratio of 14.00 and a beta of 0.40. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $27.88 and its 200 day moving average is $24.62.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $44.07 million for the quarter. Greene County Bancorp had a net margin of 27.28% and a return on equity of 15.41%.

Greene County Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. Greene County Bancorp’s dividend payout ratio (DPR) is currently 17.47%.

Insiders Place Their Bets

In related news, Director Michelle M. Plummer sold 10,000 shares of Greene County Bancorp stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the transaction, the director owned 99,560 shares of the company’s stock, valued at approximately $2,864,341.20. This trade represents a 9.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Brust acquired 2,080 shares of the business’s stock in a transaction on Monday, April 27th. The shares were bought at an average price of $24.05 per share, for a total transaction of $50,024.00. Following the acquisition, the director owned 4,180 shares in the company, valued at approximately $100,529. This trade represents a 99.05% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 59.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Greene County Bancorp by 1.3% during the third quarter. Vanguard Group Inc. now owns 369,486 shares of the real estate investment trust’s stock valued at $8,350,000 after acquiring an additional 4,650 shares during the period. Geode Capital Management LLC boosted its stake in Greene County Bancorp by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 170,538 shares of the real estate investment trust’s stock worth $3,792,000 after purchasing an additional 1,276 shares during the period. Dimensional Fund Advisors LP grew its position in Greene County Bancorp by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock worth $2,076,000 after purchasing an additional 1,006 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Greene County Bancorp by 14.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 66,370 shares of the real estate investment trust’s stock worth $1,475,000 after purchasing an additional 8,313 shares in the last quarter. Finally, Covalent Partners LLC raised its stake in Greene County Bancorp by 37.9% during the 4th quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock valued at $1,400,000 after purchasing an additional 17,329 shares during the period. 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.