Millennium Management LLC Makes New Investment in Greene County Bancorp, Inc. (NASDAQ:GCBC)

Millennium Management LLC purchased a new position in Greene County Bancorp, Inc. (NASDAQ:GCBC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,523 shares of the real estate investment trust's stock, valued at approximately $403,000. Millennium Management LLC owned approximately 0.09% of Greene County Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. KLP Kapitalforvaltning AS purchased a new stake in Greene County Bancorp during the 4th quarter worth approximately $39,000. Tower Research Capital LLC TRC grew its position in shares of Greene County Bancorp by 248.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust's stock worth $42,000 after buying an additional 1,091 shares in the last quarter. Deutsche Bank AG grew its position in shares of Greene County Bancorp by 759.3% during the fourth quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust's stock worth $42,000 after buying an additional 1,344 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Greene County Bancorp in the fourth quarter worth $100,000. Finally, Bank of America Corp DE raised its holdings in Greene County Bancorp by 26.0% in the fourth quarter. Bank of America Corp DE now owns 7,010 shares of the real estate investment trust's stock valued at $194,000 after acquiring an additional 1,447 shares in the last quarter. Institutional investors and hedge funds own 13.39% of the company's stock.

Greene County Bancorp Stock Up 1.8%

Greene County Bancorp stock traded up $0.40 during midday trading on Tuesday, hitting $22.61. The stock had a trading volume of 19,971 shares, compared to its average volume of 27,412. The business has a fifty day moving average price of $22.07 and a 200 day moving average price of $25.33. Greene County Bancorp, Inc. has a 12 month low of $20.00 and a 12 month high of $37.25. The stock has a market cap of $385.05 million, a P/E ratio of 14.59 and a beta of 0.49. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.47 earnings per share for the quarter. Greene County Bancorp had a return on equity of 12.55% and a net margin of 21.02%. The business had revenue of $20.07 million during the quarter.

Greene County Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.59%. Greene County Bancorp's payout ratio is currently 21.43%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Greene County Bancorp from a "sell" rating to a "hold" rating in a report on Saturday, April 26th.

Insider Activity

In related news, CFO Nick Barzee purchased 1,500 shares of the business's stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average price of $21.50 per share, with a total value of $32,250.00. Following the acquisition, the chief financial officer now owns 3,240 shares in the company, valued at approximately $69,660. This trade represents a 86.21% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tejraj S. Hada acquired 6,612 shares of Greene County Bancorp stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average price of $22.95 per share, with a total value of $151,745.40. Following the transaction, the director now directly owns 22,318 shares in the company, valued at approximately $512,198.10. This trade represents a 42.10% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 15,500 shares of company stock valued at $356,630. Company insiders own 5.10% of the company's stock.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.