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

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 70,500 shares, a growth of 33.3% from the April 30th total of 52,900 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 13,400 shares, the short-interest ratio is presently 5.3 days.

Insider Activity at Greene County Bancorp

In related news, Director Jay P. Cahalan sold 7,060 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $31.65, for a total transaction of $223,449.00. Following the sale, the director now directly owns 27,380 shares of the company’s stock, valued at $866,577. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Greene County Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust’s stock worth $10,428,000 after buying an additional 2,407 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Greene County Bancorp by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 56,836 shares of the real estate investment trust’s stock worth $1,367,000 after buying an additional 2,635 shares during the period. Swiss National Bank bought a new position in shares of Greene County Bancorp in the third quarter worth about $360,000. Janus Henderson Group PLC bought a new position in shares of Greene County Bancorp in the first quarter worth about $272,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Greene County Bancorp in the fourth quarter worth about $222,000. Institutional investors own 13.39% of the company’s stock.

Greene County Bancorp Stock Performance

GCBC stock traded up $0.24 during trading on Thursday, reaching $31.05. The stock had a trading volume of 49,108 shares, compared to its average volume of 12,899. Greene County Bancorp has a 52 week low of $22.33 and a 52 week high of $36.78. The stock’s 50 day moving average is $29.22 and its two-hundred day moving average is $27.94. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.17. The firm has a market cap of $528.78 million, a PE ratio of 21.56 and a beta of 0.41.

Greene County Bancorp (NASDAQ:GCBC) last posted its earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.34 earnings per share for the quarter. Greene County Bancorp had a return on equity of 12.86% and a net margin of 21.65%. The company had revenue of $15.71 million for the quarter.

Greene County Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Tuesday, May 14th. Greene County Bancorp’s dividend payout ratio (DPR) is currently 22.22%.

Greene County Bancorp Company Profile

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.