Greene County Bancorp (NASDAQ:GCBC) Releases Earnings Results

Greene County Bancorp (NASDAQ:GCBC) released its earnings results on Wednesday. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, Zacks reports. Greene County Bancorp had a net margin of 26.03% and a return on equity of 15.01%.

Greene County Bancorp Price Performance

Shares of Greene County Bancorp stock traded down $0.48 on Wednesday, reaching $22.59. The stock had a trading volume of 1,072 shares, compared to its average volume of 12,061. Greene County Bancorp has a 1 year low of $20.72 and a 1 year high of $26.04. The company has a market cap of $384.55 million, a P/E ratio of 10.55 and a beta of 0.39. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $22.82 and its two-hundred day moving average is $22.78.

Insider Activity at Greene County Bancorp

In related news, Director Peter W. Hogan acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were bought at an average cost of $22.10 per share, for a total transaction of $66,300.00. Following the completion of the transaction, the director owned 75,000 shares in the company, valued at approximately $1,657,500. This trade represents a 4.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher Cannucciari acquired 1,300 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was bought at an average price of $22.05 per share, for a total transaction of $28,665.00. Following the completion of the transaction, the director owned 4,378 shares of the company’s stock, valued at $96,534.90. The trade was a 42.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 11,580 shares of company stock valued at $255,609 in the last ninety days. 59.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GCBC. Raymond James Financial Inc. purchased a new stake in Greene County Bancorp in the third quarter worth $790,000. Covalent Partners LLC lifted its position in Greene County Bancorp by 37.9% during the fourth quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock valued at $1,400,000 after buying an additional 17,329 shares during the period. Jane Street Group LLC purchased a new position in Greene County Bancorp during the first quarter valued at $296,000. Bank of America Corp DE lifted its position 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 valued at $388,000 after buying an additional 11,075 shares during the period. Finally, First Trust Advisors LP purchased a new position in Greene County Bancorp during the second quarter valued at $241,000. Institutional investors own 13.39% of the company’s stock.

About Greene County Bancorp

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.