Greene County Bancorp, Inc. (NASDAQ:GCBC) Shares Shorted: Short Interest Down 46.5% in September

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 102,327 shares, a drop of 46.5% from the September 15th total of 191,241 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 54,222 shares, the days-to-cover ratio is presently 1.9 days.

Greene County Bancorp Trading Up 0.3%

Greene County Bancorp stock traded up $0.09 during midday trading on Thursday, reaching $34.25. The stock had a trading volume of 12,854 shares, compared to its average volume of 26,181. The firm’s fifty day simple moving average is $34.73 and its two-hundred day simple moving average is $30.26. Greene County Bancorp has a twelve month low of $21.25 and a twelve month high of $36.33. 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 firm has a market cap of $582.93 million, a price-to-earnings ratio of 14.21 and a beta of 0.47.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.67 EPS for the quarter. Greene County Bancorp had a net margin of 28.14% and a return on equity of 15.60%. The business had revenue of $46.12 million for the quarter.

Greene County Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were given a $0.11 dividend. This is an increase from Greene County Bancorp’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 14th. Greene County Bancorp’s payout ratio is presently 18.26%.

Analyst Ratings Changes

Separately, Weiss Ratings raised Greene County Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of “Buy”.

Institutional Trading of Greene County Bancorp

Several large investors have recently made changes to their positions in GCBC. Northwestern Mutual Wealth Management Co. acquired a new stake in Greene County Bancorp in the 2nd quarter worth approximately $42,000. Equitable Holdings Inc. bought a new stake in Greene County Bancorp during the second quarter worth approximately $232,000. Deutsche Bank AG acquired a new stake in shares of Greene County Bancorp in the second quarter worth $233,000. GSA Capital Partners LLP acquired a new position in Greene County Bancorp during the 2nd quarter worth $297,000. Finally, Squarepoint Ops LLC bought a new stake in Greene County Bancorp during the second quarter valued at about $386,000. Institutional investors own 13.39% of the company’s stock.

About Greene County Bancorp

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, small businesses and commercial customers.

The Bank of Greene County offers deposit products, residential and commercial real estate lending, consumer loans, business loans, cash management and other traditional banking services. Its services are delivered through branch locations and digital banking channels, with a focus on relationship-based banking and local communities.

The institution traces its history to 1889 and primarily serves customers in the Hudson Valley and surrounding areas of upstate New York, including Greene, Columbia and Albany counties.