Insider Buying: Greene County Bancorp (NASDAQ:GCBC) EVP Purchases $33,000.00 in Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) EVP John Antalek acquired 1,500 shares of the stock in a transaction dated Tuesday, November 18th. The shares were bought at an average price of $22.00 per share, for a total transaction of $33,000.00. Following the transaction, the executive vice president owned 7,567 shares in the company, valued at approximately $166,474. This represents a 24.72% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Greene County Bancorp Stock Up 6.2%

Shares of NASDAQ:GCBC opened at $22.96 on Friday. The firm has a market capitalization of $391.01 million, a PE ratio of 11.60 and a beta of 0.46. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65. Greene County Bancorp, Inc. has a 52-week low of $20.00 and a 52-week high of $32.55. The firm has a fifty day moving average of $22.54 and a 200 day moving average of $23.09.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings results on Tuesday, October 21st. The real estate investment trust reported $0.52 earnings per share for the quarter. Greene County Bancorp had a return on equity of 14.75% and a net margin of 24.62%.The business had revenue of $19.75 million for the quarter.

Greene County Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. Greene County Bancorp’s dividend payout ratio (DPR) is 20.20%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Angel Oak Capital Advisors LLC raised its stake in shares of Greene County Bancorp by 35.7% during the second quarter. Angel Oak Capital Advisors LLC now owns 57,000 shares of the real estate investment trust’s stock valued at $1,267,000 after acquiring an additional 15,000 shares during the last quarter. Hsbc Holdings PLC bought a new position in Greene County Bancorp during the 1st quarter valued at approximately $292,000. Los Angeles Capital Management LLC purchased a new stake in Greene County Bancorp in the 2nd quarter worth approximately $460,000. Nuveen LLC bought a new stake in shares of Greene County Bancorp in the 1st quarter worth approximately $624,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Greene County Bancorp by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock valued at $504,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 13.39% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Greene County Bancorp in a research report on Wednesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.