Greene County Bancorp (NASDAQ:GCBC) Director Michelle Plummer Sells 10,000 Shares

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Michelle Plummer sold 10,000 shares of the firm’s 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 transaction, the director directly owned 99,560 shares of the company’s stock, valued at approximately $2,864,341.20. This trade represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Greene County Bancorp Stock Performance

GCBC stock traded down $0.39 during midday trading on Monday, hitting $29.78. The stock had a trading volume of 15,750 shares, compared to its average volume of 13,242. The firm has a market capitalization of $507.22 million, a price-to-earnings ratio of 12.85 and a beta of 0.44. Greene County Bancorp, Inc. has a 52 week low of $21.25 and a 52 week high of $30.70. The stock has a 50-day simple moving average of $24.78 and a 200 day simple moving average of $23.56. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02.

Greene County Bancorp (NASDAQ:GCBC) last issued 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 during the quarter. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.

Greene County Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, May 15th. Greene County Bancorp’s dividend payout ratio is currently 17.47%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in shares of Greene County Bancorp by 17.7% in the second quarter. Rhumbline Advisers now owns 11,168 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 1,679 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Greene County Bancorp in the second quarter valued at $241,000. Two Sigma Investments LP acquired a new stake in shares of Greene County Bancorp in the third quarter valued at $221,000. BNP Paribas Financial Markets increased its stake in shares of Greene County Bancorp by 67.9% in the third quarter. BNP Paribas Financial Markets now owns 3,186 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 1,289 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Greene County Bancorp by 658.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,923 shares in the last quarter. 13.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Greene County Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, 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.