Greene County Bancorp (NASDAQ:GCBC) Sets New 12-Month High – Should You Buy?

Greene County Bancorp, Inc. (NASDAQ:GCBC) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.46 and last traded at $31.2160, with a volume of 13562 shares. The stock had previously closed at $30.45.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Greene County Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Greene County Bancorp Trading Up 3.7%

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $537.64 million, a P/E ratio of 13.79 and a beta of 0.44. The firm has a fifty day moving average price of $25.87 and a 200-day moving average price of $23.98.

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

Greene County Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given 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 1.3%. Greene County Bancorp’s dividend payout ratio (DPR) is currently 17.47%.

Insiders Place Their Bets

In related news, Director John Brust purchased 2,041 shares of Greene County Bancorp stock in a transaction that occurred on Tuesday, April 28th. The stock was bought at an average price of $24.50 per share, for a total transaction of $50,004.50. Following the completion of the transaction, the director owned 6,221 shares in the company, valued at $152,414.50. This represents a 48.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michelle M. Plummer sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00. Following the sale, the director owned 99,560 shares of the company’s stock, valued at $2,864,341.20. This trade represents a 9.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 59.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Greene County Bancorp by 1.3% during the 3rd 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 raised its holdings in shares of 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 raised its holdings in shares of Greene County Bancorp by 1.1% in 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 during the period. Goldman Sachs Group Inc. lifted its stake in Greene County Bancorp by 14.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 66,370 shares of the real estate investment trust’s stock valued at $1,475,000 after purchasing an additional 8,313 shares during the last quarter. Finally, Covalent Partners LLC lifted its stake in Greene County Bancorp by 37.9% in the fourth 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 last quarter. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

Greene County Bancorp Company Profile

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.