Insider Buying: Greene County Bancorp (NASDAQ:GCBC) Director Acquires 2,000 Shares of Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Tejraj Hada bought 2,000 shares of the stock in a transaction on Tuesday, March 17th. The stock was purchased at an average cost of $21.99 per share, with a total value of $43,980.00. Following 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 position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Greene County Bancorp Stock Performance

Shares of NASDAQ GCBC traded up $0.02 during midday trading on Wednesday, reaching $21.75. 25,990 shares of the stock were exchanged, compared to its average volume of 11,648. The business has a 50-day simple moving average of $22.79 and a two-hundred day simple moving average of $22.85. Greene County Bancorp, Inc. has a 12 month low of $20.00 and a 12 month high of $26.04. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.02.

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

Greene County Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $0.10 dividend. 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%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Greene County Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Greene County Bancorp by 1.3% in 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 in the last quarter. Geode Capital Management LLC increased its holdings in Greene County Bancorp by 0.8% during 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in Greene County Bancorp by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,601 shares of the real estate investment trust’s stock worth $2,036,000 after purchasing an additional 5,396 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Greene County Bancorp by 14.3% in the 4th 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 period. Finally, Covalent Partners LLC raised its stake in shares of Greene County Bancorp by 37.9% in 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.

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.