Bank of New York Mellon Corp Purchases Shares of 28,549 Greene County Bancorp, Inc. $GCBC

Key Points

• Bank of New York Mellon acquired 28,549 shares of Greene County Bancorp in the second quarter, worth approximately $959,000 and representing about 0.17% of the company. Institutional investors collectively own 13.39% of GCBC.
• Weiss Ratings upgraded Greene County Bancorp from “hold” to “buy,” giving the stock an overall average analyst rating of “Buy.”
• GCBC reported quarterly EPS of $0.67 on $24.98 million in revenue and raised its quarterly dividend to $0.11 per share, or $0.44 annually, for a 1.2% yield.

Bank of New York Mellon Corp acquired a new stake in shares of Greene County Bancorp, Inc. (NASDAQ:GCBC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 28,549 shares of the real estate investment trust's stock, valued at approximately $959,000. Bank of New York Mellon Corp owned about 0.17% of Greene County Bancorp as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in GCBC. GSA Capital Partners LLP purchased a new position in shares of Greene County Bancorp during the 2nd quarter worth $297,000. Bank of America Corp DE increased its position in Greene County Bancorp by 5.2% in the first quarter. Bank of America Corp DE now owns 21,302 shares of the real estate investment trust's stock worth $477,000 after purchasing an additional 1,046 shares during the period. Renaissance Technologies LLC increased its position in Greene County Bancorp by 2.6% in the first quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust's stock worth $1,143,000 after purchasing an additional 1,300 shares during the period. Dimensional Fund Advisors LP raised its holdings in Greene County Bancorp by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust's stock worth $2,076,000 after purchasing an additional 1,006 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Greene County Bancorp by 1.2% during the 1st quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust's stock valued at $968,000 after purchasing an additional 521 shares during the period. Hedge funds and other institutional investors own 13.39% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Greene County Bancorp from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Greene County Bancorp has an average rating of "Buy".

Greene County Bancorp Price Performance

NASDAQ:GCBC opened at $35.23 on Friday. 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 company has a 50 day moving average price of $34.09 and a 200-day moving average price of $28.18. Greene County Bancorp, Inc. has a 1-year low of $21.25 and a 1-year high of $36.02. The firm has a market cap of $599.97 million, a price-to-earnings ratio of 14.62 and a beta of 0.39.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $24.98 million for the quarter. Greene County Bancorp had a net margin of 28.14% and a return on equity of 15.90%.

Greene County Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Greene County Bancorp's previous quarterly dividend of $0.10. The ex-dividend date was Friday, August 14th. Greene County Bancorp's payout ratio is currently 18.26%.

Greene County Bancorp 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.

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