Greene County Bancorp (NASDAQ:GCBC) Stock: Insider Michelle Plummer Sells 10,000 Shares

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Michelle Plummer sold 10,000 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $35.52, for a total value of $355,200.00. Following the sale, the director owned 89,560 shares in the company, valued at approximately $3,181,171.20. This represents a 10.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Greene County Bancorp Price Performance

Greene County Bancorp stock opened at $35.82 on Wednesday. The firm has a market capitalization of $609.66 million, a P/E ratio of 13.67 and a beta of 0.52. Greene County Bancorp, Inc. has a one year low of $21.38 and a one year high of $37.25. 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 business has a fifty day moving average price of $35.03 and a 200-day moving average price of $29.15.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings data on Thursday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter. The company had revenue of $24.80 million for the quarter. Greene County Bancorp had a return on equity of 16.67% and a net margin of 30.24%.

Greene County Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 13th. Greene County Bancorp’s payout ratio is presently 16.79%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Greene County Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, Greene County Bancorp currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GCBC. Hsbc Holdings PLC increased its holdings in shares of Greene County Bancorp by 1.2% in the first quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust’s stock worth $968,000 after purchasing an additional 521 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Greene County Bancorp by 211.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,244 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 844 shares during the period. Dimensional Fund Advisors LP boosted its stake in Greene County Bancorp by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock valued at $2,076,000 after buying an additional 1,006 shares during the period. Bank of America Corp DE grew its position in Greene County Bancorp by 5.2% during the first quarter. Bank of America Corp DE now owns 21,302 shares of the real estate investment trust’s stock worth $477,000 after buying an additional 1,046 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Greene County Bancorp by 2.6% during the first quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust’s stock worth $1,143,000 after buying an additional 1,300 shares in the last quarter. 13.39% of the stock is owned by institutional investors.

About Greene County Bancorp

Greene County Bancorp, Inc. is the bank holding company for The Bank of Greene County, a community bank founded in 1889 and headquartered in Catskill, New York. The company provides banking services to individuals, businesses and municipalities. Its offerings include checking and savings accounts, certificates of deposit, residential mortgages, consumer loans and commercial lending. The bank also provides business banking and wealth management services. The company primarily serves New York’s Hudson Valley, with branches across Greene, Columbia, Albany and Ulster counties.