Greene County Bancorp (NASDAQ:GCBC) Director Sells $355,200.00 in Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Michelle Plummer sold 10,000 shares of the stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $35.52, for a total value of $355,200.00. Following the completion of the sale, the director owned 89,560 shares of the company’s stock, valued at approximately $3,181,171.20. This trade represents a 10.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Greene County Bancorp Stock Up 0.8%

NASDAQ GCBC traded up $0.29 during trading on Monday, hitting $36.42. The company’s stock had a trading volume of 25,926 shares, compared to its average volume of 26,132. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $620.05 million, a PE ratio of 13.90 and a beta of 0.52. The business’s 50 day simple moving average is $34.97 and its 200-day simple moving average is $29.01. Greene County Bancorp, Inc. has a fifty-two week low of $21.38 and a fifty-two week high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings results on Thursday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter. Greene County Bancorp had a return on equity of 16.67% and a net margin of 30.24%. The business had revenue of $24.80 million for the quarter.

Greene County Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $0.11 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.2%. Greene County Bancorp’s dividend payout ratio (DPR) is 16.79%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC lifted its holdings in shares of Greene County Bancorp by 1.2% during the first quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust’s stock worth $968,000 after purchasing an additional 521 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Greene County Bancorp by 211.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,244 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 844 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Greene County Bancorp by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock valued at $2,076,000 after buying an additional 1,006 shares during the last quarter. Bank of America Corp DE increased its holdings in Greene County Bancorp by 5.2% in the 1st quarter. Bank of America Corp DE now owns 21,302 shares of the real estate investment trust’s stock worth $477,000 after buying an additional 1,046 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Greene County Bancorp by 2.6% in the 1st quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust’s stock worth $1,143,000 after buying an additional 1,300 shares during the period. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Greene County Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Greene County Bancorp currently has a consensus rating of “Buy”.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc is a bank holding company headquartered in Catskill, New York. Through its principal subsidiary, The Bank of Greene County, the company provides community banking services to individuals, families, businesses and nonprofit organizations.

The Bank of Greene County offers deposit products, residential and commercial real estate loans, consumer lending, business loans and other financial services. Its product offerings include checking and savings accounts, certificates of deposit, online and mobile banking, treasury management and investment-related services.

Founded in 1889, the bank has a long history of serving communities in New York’s Hudson Valley.