Greene County Bancorp (NASDAQ:GCBC) Hits New 1-Year High – Here’s What Happened

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s share price reached a new 52-week high on Thursday . The stock traded as high as $34.77 and last traded at $34.26, with a volume of 57080 shares changing hands. The stock had previously closed at $33.59.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Greene County Bancorp currently has a consensus rating of “Hold”.

Greene County Bancorp Trading Up 2.0%

The business has a 50 day moving average of $26.66 and a 200-day moving average of $24.24. The stock has a market cap of $583.45 million, a PE ratio of 14.96 and a beta of 0.39. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02.

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

Greene County Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, May 15th. Greene County Bancorp’s dividend payout ratio (DPR) is currently 17.47%.

Insider Activity

In other news, Director John Brust acquired 2,080 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was acquired at an average price of $24.05 per share, with a total value of $50,024.00. Following the completion of the transaction, the director directly owned 4,180 shares in the company, valued at approximately $100,529. This represents a 99.05% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michelle M. Plummer sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the transaction, the director directly owned 99,560 shares in the company, valued at $2,864,341.20. The trade was a 9.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 59.20% of the company’s stock.

Institutional Trading of Greene County Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of 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 during the period. Goldman Sachs Group Inc. grew its position in shares of 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 period. Covalent Partners LLC lifted its holdings in shares of Greene County Bancorp by 37.9% during the 4th quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock worth $1,400,000 after acquiring an additional 17,329 shares during the period. Bank of America Corp DE increased its stake in Greene County Bancorp by 173.8% during the second quarter. Bank of America Corp DE now owns 17,449 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 11,075 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Greene County Bancorp by 17.7% in the second quarter. Rhumbline Advisers now owns 11,168 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 1,679 shares during the period. 13.39% of the stock is 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.