Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Up 24.1% in March

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 44,019 shares, a growth of 24.1% from the February 26th total of 35,470 shares. Based on an average trading volume of 9,158 shares, the days-to-cover ratio is presently 4.8 days. Currently, 0.6% of the company’s stock are short sold.

Insider Buying and Selling

In related news, Director Christopher Cannucciari bought 1,300 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were purchased at an average cost of $22.05 per share, with a total value of $28,665.00. Following the completion of the purchase, the director owned 4,378 shares in the company, valued at approximately $96,534.90. The trade was a 42.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter W. Hogan purchased 3,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was bought at an average cost of $22.10 per share, with a total value of $66,300.00. Following the transaction, the director owned 75,000 shares in the company, valued at $1,657,500. The trade was a 4.17% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 11,580 shares of company stock valued at $255,609. Insiders own 59.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC lifted its position in Greene County Bancorp by 4.6% during the fourth quarter. Hsbc Holdings PLC now owns 41,900 shares of the real estate investment trust’s stock valued at $926,000 after purchasing an additional 1,827 shares during the period. Covalent Partners LLC raised its stake 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 during the last quarter. Wells Fargo & Company MN raised its stake in Greene County Bancorp by 18.3% during the 4th quarter. Wells Fargo & Company MN now owns 19,461 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 3,012 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Greene County Bancorp by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,601 shares of the real estate investment trust’s stock valued at $2,036,000 after buying an additional 5,396 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of Greene County Bancorp by 26.8% during the 4th quarter. LPL Financial LLC now owns 42,892 shares of the real estate investment trust’s stock valued at $953,000 after buying an additional 9,062 shares during the period. 13.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Greene County Bancorp Stock Up 2.8%

Shares of Greene County Bancorp stock traded up $0.62 on Monday, reaching $22.81. The company’s stock had a trading volume of 22,698 shares, compared to its average volume of 12,685. Greene County Bancorp has a 52 week low of $20.00 and a 52 week high of $26.04. The firm’s fifty day simple moving average is $22.80 and its two-hundred day simple moving average is $22.79. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $388.45 million, a price-to-earnings ratio of 10.66 and a beta of 0.41.

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

Greene County Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis 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 (DPR) is presently 18.69%.

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.