Greene County Bancorp (NASDAQ:GCBC) Sees Large Volume Increase – Here’s What Happened

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw strong trading volume on Wednesday . Approximately 16,963 shares changed hands during mid-day trading, a decline of 17% from the previous session’s volume of 20,467 shares.The stock last traded at $34.34 and had previously closed at $33.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Greene County Bancorp Trading Up 2.2%

The firm has a market capitalization of $584.71 million, a price-to-earnings ratio of 15.01 and a beta of 0.44. The business’s 50-day simple moving average is $26.44 and its two-hundred day simple moving average is $24.17. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $44.07 million for the quarter. Greene County Bancorp had a net margin of 27.28% and a return on equity of 15.41%.

Greene County Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. Greene County Bancorp’s payout ratio is presently 17.47%.

Insiders Place Their Bets

In other news, Director Michelle M. Plummer sold 10,000 shares of Greene County Bancorp stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the sale, the director directly owned 99,560 shares of the company’s stock, valued at approximately $2,864,341.20. The trade was a 9.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Brust acquired 2,080 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was purchased at an average cost of $24.05 per share, with a total value of $50,024.00. Following the completion of the purchase, the director directly owned 4,180 shares of the company’s stock, valued at approximately $100,529. This represents a 99.05% increase in their position. The disclosure for this purchase is available in the SEC filing. 59.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Greene County Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in Greene County Bancorp by 250.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Greene County Bancorp by 31.1% during the second quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 450 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Greene County Bancorp by 658.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,923 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Greene County Bancorp in the third quarter valued at approximately $221,000. Finally, First Trust Advisors LP purchased a new position in shares of Greene County Bancorp in the second quarter valued at approximately $241,000. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

Greene County Bancorp Company Profile

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.