Greene County Bancorp (NASDAQ:GCBC) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $22.82 and traded as high as $22.84. Greene County Bancorp shares last traded at $22.18, with a volume of 10,891 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Greene County Bancorp in a research report on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Greene County Bancorp currently has a consensus rating of “Hold”.

Greene County Bancorp Trading Down 1.2%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $377.90 million, a PE ratio of 10.37 and a beta of 0.41. The stock has a 50-day moving average price of $22.80 and a two-hundred day moving average price of $22.79.

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

Greene County Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, February 13th. Greene County Bancorp’s dividend payout ratio is presently 18.69%.

Insider Activity

In other news, CFO Nick Barzee acquired 1,280 shares of the firm’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average cost of $22.55 per share, for a total transaction of $28,864.00. Following the transaction, the chief financial officer directly owned 4,520 shares of the company’s stock, valued at approximately $101,926. This trade represents a 39.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher Cannucciari bought 1,300 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average price of $22.05 per share, for a total transaction of $28,665.00. Following the purchase, the director owned 4,378 shares in the company, valued at $96,534.90. This represents a 42.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 11,580 shares of company stock valued at $255,609. 59.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Greene County Bancorp

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in shares of Greene County Bancorp by 250.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Greene County Bancorp by 31.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 450 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Greene County Bancorp by 658.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,923 shares during the period. CWM LLC boosted its stake in Greene County Bancorp by 35.9% in the 3rd quarter. CWM LLC now owns 2,296 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 607 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in Greene County Bancorp during the 3rd quarter valued at approximately $221,000. Institutional investors own 13.39% of the company’s stock.

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.