Greene County Bancorp (NASDAQ:GCBC) Sees Large Volume Increase

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares saw an uptick in trading volume on Monday . 20,461 shares traded hands during mid-day trading, an increase of 21% from the previous session’s volume of 16,974 shares.The stock last traded at $31.91 and had previously closed at $33.71.

Greene County Bancorp Stock Performance

The stock has a 50 day moving average price of $30.87 and a two-hundred day moving average price of $28.90. 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 company has a market cap of $555.18 million, a price-to-earnings ratio of 23.41 and a beta of 0.42.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, May 14th. Greene County Bancorp’s dividend payout ratio is currently 22.22%.

Insider Activity at Greene County Bancorp

In related news, Director Jay P. Cahalan sold 7,060 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $31.65, for a total value of $223,449.00. Following the completion of the sale, the director now owns 27,380 shares in the company, valued at approximately $866,577. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Greene County Bancorp news, Director Jay P. Cahalan sold 7,060 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $31.65, for a total transaction of $223,449.00. Following the completion of the transaction, the director now owns 27,380 shares in the company, valued at approximately $866,577. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michelle M. Plummer sold 3,154 shares of the stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $30.32, for a total value of $95,629.28. Following the transaction, the chief financial officer now owns 118,726 shares of the company’s stock, valued at approximately $3,599,772.32. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Greene County Bancorp

Several hedge funds have recently bought and sold shares of GCBC. Stratos Wealth Partners LTD. acquired a new stake in Greene County Bancorp during the fourth quarter worth approximately $222,000. Barclays PLC lifted its position in Greene County Bancorp by 77.1% during the third quarter. Barclays PLC now owns 2,460 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 1,071 shares during the last quarter. Swiss National Bank acquired a new stake in Greene County Bancorp during the third quarter worth approximately $360,000. Vanguard Group Inc. lifted its position in Greene County Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust’s stock worth $10,428,000 after acquiring an additional 2,407 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Greene County Bancorp during the first quarter worth approximately $272,000. 13.39% of the stock is currently owned by institutional investors and hedge funds.

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.