Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Update

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 43,000 shares, a drop of 36.5% from the February 13th total of 67,700 shares. Based on an average daily volume of 24,100 shares, the short-interest ratio is currently 1.8 days. Currently, 0.6% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Greene County Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, February 17th.

Insider Buying and Selling

In related news, Director Jay P. Cahalan purchased 1,944 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $26.45 per share, for a total transaction of $51,418.80. Following the completion of the purchase, the director now owns 29,324 shares in the company, valued at approximately $775,619.80. This represents a 7.10 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Greene County Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its position in Greene County Bancorp by 53.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 1,450 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Greene County Bancorp by 69.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,947 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 6,517 shares in the last quarter. State Street Corp lifted its position in Greene County Bancorp by 9.0% in the 3rd quarter. State Street Corp now owns 122,592 shares of the real estate investment trust’s stock valued at $3,788,000 after acquiring an additional 10,152 shares in the last quarter. Barclays PLC lifted its position in Greene County Bancorp by 370.0% in the 3rd quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock valued at $362,000 after acquiring an additional 9,229 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Greene County Bancorp by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust’s stock valued at $5,048,000 after acquiring an additional 2,458 shares in the last quarter. Institutional investors own 13.39% of the company’s stock.

Greene County Bancorp Trading Down 0.5 %

NASDAQ GCBC traded down $0.13 on Monday, reaching $23.57. The company had a trading volume of 31,372 shares, compared to its average volume of 20,130. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.63 and a quick ratio of 0.63. The business has a 50 day moving average of $26.47 and a two-hundred day moving average of $29.02. Greene County Bancorp has a fifty-two week low of $23.48 and a fifty-two week high of $37.25. The firm has a market cap of $401.33 million, a price-to-earnings ratio of 15.21 and a beta of 0.43.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share for the quarter. Greene County Bancorp had a return on equity of 12.55% and a net margin of 21.02%. During the same quarter in the prior year, the company posted $0.34 earnings per share.

Greene County Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.53%. Greene County Bancorp’s dividend payout ratio (DPR) is presently 23.23%.

About Greene County Bancorp

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.