Greene County Bancorp (NASDAQ:GCBC) Sets New 52-Week High – Still a Buy?

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $36.02 and last traded at $34.25, with a volume of 66827 shares. The stock had previously closed at $34.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Greene County Bancorp has an average rating of “Hold”.

Greene County Bancorp Stock Down 0.7%

The firm has a market cap of $583.28 million, a PE ratio of 14.96 and a beta of 0.40. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $27.58 and a two-hundred day moving average price of $24.52.

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

Greene County Bancorp Dividend Announcement

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

Insider Buying and Selling

In related news, Director Michelle M. Plummer sold 10,000 shares of Greene County Bancorp stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the transaction, the director owned 99,560 shares in the company, valued at $2,864,341.20. The trade was a 9.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Brust purchased 2,041 shares of the stock in a transaction on Tuesday, April 28th. The shares were purchased at an average price of $24.50 per share, with a total value of $50,004.50. Following the acquisition, the director directly owned 6,221 shares in the company, valued at $152,414.50. This represents a 48.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 59.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Greene County Bancorp

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Greene County Bancorp during the 3rd quarter worth about $790,000. Covalent Partners LLC increased its holdings in shares of Greene County Bancorp by 37.9% in the 4th quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock valued at $1,400,000 after acquiring an additional 17,329 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Greene County Bancorp in the 1st quarter valued at about $296,000. Bank of America Corp DE raised its position in shares of Greene County Bancorp by 173.8% during the 2nd quarter. Bank of America Corp DE now owns 17,449 shares of the real estate investment trust’s stock worth $388,000 after acquiring an additional 11,075 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in Greene County Bancorp during the second quarter worth approximately $241,000. 13.39% of the stock is 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.