Tejraj Hada Purchases 4,000 Shares of Greene County Bancorp (NASDAQ:GCBC) Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Tejraj Hada acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was bought at an average price of $21.95 per share, with a total value of $87,800.00. Following the purchase, the director directly owned 35,427 shares of the company’s stock, valued at $777,622.65. This represents a 12.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Greene County Bancorp Stock Up 1.9%

GCBC opened at $22.16 on Friday. Greene County Bancorp, Inc. has a one year low of $20.00 and a one year high of $26.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $377.38 million, a P/E ratio of 10.36 and a beta of 0.41. The business’s 50-day simple moving average is $22.79 and its 200-day simple moving average is $22.84.

Greene County Bancorp (NASDAQ:GCBC) last announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $41.27 million during the quarter. Greene County Bancorp had a return on equity of 15.01% and a net margin of 26.03%.

Greene County Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, February 13th. Greene County Bancorp’s dividend payout ratio is presently 18.69%.

Hedge Funds Weigh In On Greene County Bancorp

Several institutional investors have recently added to or reduced their stakes in GCBC. Raymond James Financial Inc. purchased a new stake in Greene County Bancorp during the 3rd quarter valued at approximately $790,000. Hsbc Holdings PLC increased its holdings in shares of Greene County Bancorp by 202.8% in the second quarter. Hsbc Holdings PLC now owns 37,029 shares of the real estate investment trust’s stock valued at $852,000 after purchasing an additional 24,800 shares during the period. Covalent Partners LLC increased its holdings in shares of Greene County Bancorp by 37.9% in 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 purchasing an additional 17,329 shares during the period. Jane Street Group LLC purchased a new stake in shares of Greene County Bancorp during the first quarter worth approximately $296,000. Finally, Bank of America Corp DE raised its stake in shares of 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 worth $388,000 after purchasing an additional 11,075 shares during the last quarter. Institutional investors and hedge funds own 13.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Greene County Bancorp in a report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

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.