Greene County Bancorp, Inc. (NASDAQ:GCBC) Sees Significant Increase in Short Interest

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 147,180 shares, an increase of 138.8% from the June 15th total of 61,636 shares. Based on an average daily volume of 97,758 shares, the short-interest ratio is presently 1.5 days. Approximately 2.1% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Greene County Bancorp currently has a consensus rating of “Hold”.

Greene County Bancorp Stock Down 0.2%

GCBC traded down $0.07 during trading on Tuesday, reaching $32.77. The stock had a trading volume of 2,587 shares, compared to its average volume of 22,567. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $558.14 million, a price-to-earnings ratio of 14.29 and a beta of 0.40. The stock’s 50 day moving average is $28.22 and its two-hundred day moving average is $24.75. Greene County Bancorp has a one year low of $21.25 and a one year high of $36.02.

Greene County Bancorp (NASDAQ:GCBC) last announced its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 EPS for the quarter. The firm 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 firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 15th. Greene County Bancorp’s dividend payout ratio (DPR) is 17.47%.

Insider Transactions at Greene County Bancorp

In related news, Director Michelle M. Plummer sold 10,000 shares of the stock in a transaction dated 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 directly owned 99,560 shares of the company’s stock, valued at $2,864,341.20. This represents a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Brust acquired 2,041 shares of the stock in a transaction on Tuesday, April 28th. The stock was bought at an average price of $24.50 per share, with a total value of $50,004.50. Following the completion of the acquisition, the director directly owned 6,221 shares of the company’s stock, valued at $152,414.50. This trade represents a 48.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 59.20% of the company’s stock.

Institutional Investors Weigh In On Greene County Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Greene County Bancorp by 1.3% during the third quarter. Vanguard Group Inc. now owns 369,486 shares of the real estate investment trust’s stock valued at $8,350,000 after purchasing an additional 4,650 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Greene County Bancorp by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 170,538 shares of the real estate investment trust’s stock worth $3,792,000 after purchasing an additional 1,276 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Greene County Bancorp by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock worth $2,076,000 after buying an additional 1,006 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Greene County Bancorp by 14.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 66,370 shares of the real estate investment trust’s stock worth $1,475,000 after buying an additional 8,313 shares during the last quarter. Finally, Covalent Partners LLC increased its position in Greene County Bancorp by 37.9% during 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 buying an additional 17,329 shares in the last quarter. Hedge funds and other institutional investors own 13.39% of the company’s stock.

About Greene County Bancorp

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.