Greene County Bancorp (NASDAQ:GCBC) Sees Strong Trading Volume – What’s Next?

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw an uptick in trading volume on Tuesday . Approximately 14,319 shares were traded during mid-day trading, a decline of 37% from the previous session’s volume of 22,696 shares.The stock last traded at $32.4720 and had previously closed at $32.48.

Analyst Ratings Changes

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

Greene County Bancorp Stock Performance

The firm’s fifty day moving average price is $29.46 and its 200 day moving average price is $25.25. 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 stock has a market capitalization of $555.08 million, a price-to-earnings ratio of 14.24 and a beta of 0.40.

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

Greene County Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be given a dividend of $0.11 per share. This is an increase from Greene County Bancorp’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, August 14th. Greene County Bancorp’s dividend payout ratio (DPR) is 17.47%.

Insiders Place Their Bets

In other news, Director Michelle M. Plummer sold 10,000 shares of Greene County Bancorp stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the sale, the director directly owned 99,560 shares of the company’s stock, valued at approximately $2,864,341.20. The trade was a 9.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John Brust bought 2,041 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were purchased at an average cost of $24.50 per share, for a total transaction of $50,004.50. Following the purchase, the director owned 6,221 shares in the company, valued at $152,414.50. This represents a 48.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 59.20% of the company’s stock.

Institutional Trading of Greene County Bancorp

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Greene County Bancorp by 250.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,000 shares during the period. BNP Paribas Financial Markets increased its stake in Greene County Bancorp by 31.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 450 shares during the period. Tower Research Capital LLC TRC increased its stake in 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 worth $49,000 after buying an additional 1,923 shares during the period. Two Sigma Investments LP acquired a new stake in Greene County Bancorp during the 3rd quarter worth approximately $221,000. Finally, First Trust Advisors LP acquired a new stake in Greene County Bancorp during the 2nd quarter worth approximately $241,000. Institutional investors and hedge funds own 13.39% of the company’s stock.

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.