Greene County Bancorp (NASDAQ:GCBC) Releases Earnings Results

Greene County Bancorp (NASDAQ:GCBC) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, Zacks reports. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.

Greene County Bancorp Stock Up 0.7%

GCBC stock traded up $0.22 during trading on Thursday, hitting $32.82. 71,501 shares of the company’s stock were exchanged, compared to its average volume of 23,585. The business has a 50-day moving average price of $29.46 and a two-hundred day moving average price of $25.25. Greene County Bancorp has a 52-week low of $21.25 and a 52-week high of $36.02. 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 $558.81 million, a price-to-earnings ratio of 14.27 and a beta of 0.40.

Greene County Bancorp Increases Dividend

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

Analyst Ratings Changes

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

Insider Transactions at Greene County Bancorp

In other Greene County Bancorp news, Director Michelle M. Plummer sold 10,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the transaction, the director owned 99,560 shares in the company, valued at approximately $2,864,341.20. This represents a 9.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Brust purchased 2,041 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was acquired at an average price of $24.50 per share, for a total transaction of $50,004.50. Following the completion of the purchase, the director owned 6,221 shares of the company’s stock, valued at approximately $152,414.50. This represents a 48.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 59.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in 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 worth $8,350,000 after purchasing an additional 4,650 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Greene County Bancorp by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 170,538 shares of the real estate investment trust’s stock valued at $3,792,000 after buying an additional 1,276 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Greene County Bancorp by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 91,601 shares of the real estate investment trust’s stock worth $2,036,000 after purchasing an additional 5,396 shares during the last quarter. Goldman Sachs Group Inc. grew its position 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 acquiring an additional 8,313 shares in the last quarter. Finally, Covalent Partners LLC raised its holdings in shares of Greene County Bancorp by 37.9% during the fourth quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock worth $1,400,000 after purchasing an additional 17,329 shares during the period. 13.39% of the stock is owned by hedge funds and other institutional investors.

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.