Greene County Bancorp (NASDAQ:GCBC) Announces Quarterly Earnings Results

Greene County Bancorp (NASDAQ:GCBC) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, Zacks reports. Greene County Bancorp had a net margin of 24.62% and a return on equity of 14.44%.

Greene County Bancorp Stock Up 2.0%

NASDAQ:GCBC traded up $0.46 during mid-day trading on Wednesday, reaching $22.91. The stock had a trading volume of 11,105 shares, compared to its average volume of 10,005. 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 has a 12 month low of $20.00 and a 12 month high of $27.62. The stock has a 50-day simple moving average of $22.84 and a two-hundred day simple moving average of $23.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Greene County Bancorp in a research report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Greene County Bancorp has an average rating of “Hold”.

Insider Buying and Selling

In other news, EVP John Antalek acquired 1,500 shares of Greene County Bancorp stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of $22.00 per share, with a total value of $33,000.00. Following the completion of the purchase, the executive vice president owned 7,567 shares of the company’s stock, valued at approximately $166,474. The trade was a 24.72% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay P. Cahalan bought 4,300 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was purchased at an average price of $22.73 per share, for a total transaction of $97,739.00. Following the completion of the acquisition, the director owned 35,424 shares in the company, valued at $805,187.52. This represents a 13.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 16,075 shares of company stock worth $358,148 in the last ninety days. Company insiders own 59.20% of the company’s stock.

Institutional Trading of Greene County Bancorp

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in 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 valued at $42,000 after purchasing an additional 450 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Greene County Bancorp by 658.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,923 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Greene County Bancorp during the 3rd quarter worth $221,000. First Trust Advisors LP bought a new position in Greene County Bancorp in the second quarter valued at $241,000. Finally, Rhumbline Advisers increased its stake in Greene County Bancorp by 17.7% in the second quarter. Rhumbline Advisers now owns 11,168 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 1,679 shares during the last quarter. 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.