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

Greene County Bancorp, Inc. (NASDAQ:GCBC) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $24.25 and traded as high as $28.44. Greene County Bancorp shares last traded at $28.21, with a volume of 42,084 shares.

Analyst Upgrades and Downgrades

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

Greene County Bancorp Stock Performance

The firm has a fifty day simple moving average of $24.25 and a 200 day simple moving average of $23.36. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02. The stock has a market cap of $480.42 million, a price-to-earnings ratio of 12.32 and a beta of 0.44.

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

Greene County Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.40 annualized dividend and a yield of 1.4%. Greene County Bancorp’s dividend payout ratio is 17.47%.

Insider Buying and Selling at Greene County Bancorp

In other news, Director John Brust purchased 2,080 shares of the business’s stock in a transaction on Monday, April 27th. The stock was purchased at an average price of $24.05 per share, with a total value of $50,024.00. Following the acquisition, the director directly owned 4,180 shares in the company, valued at approximately $100,529. The trade was a 99.05% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter W. Hogan purchased 3,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was purchased at an average cost of $22.10 per share, with a total value of $66,300.00. Following the acquisition, the director owned 75,000 shares in the company, valued at approximately $1,657,500. This represents a 4.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 13,121 shares of company stock valued at $298,109 in the last quarter. Corporate insiders own 59.20% of the company’s stock.

Hedge Funds Weigh In On Greene County Bancorp

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of 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 worth $8,350,000 after buying an additional 4,650 shares in the last quarter. 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 buying an additional 1,276 shares in the last quarter. 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 buying an additional 1,006 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings 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 worth $1,475,000 after buying an additional 8,313 shares in the last quarter. Finally, Covalent Partners LLC raised its holdings 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 worth $1,400,000 after buying an additional 17,329 shares in the last quarter. 13.39% of the stock is 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.