Millennium Management LLC Takes Position in Greene County Bancorp, Inc. (NASDAQ:GCBC)

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

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

Greene County Bancorp Trading Down 4.3%

Shares of NASDAQ:GCBC traded down $0.96 during trading on Friday, reaching $21.51. The stock had a trading volume of 15,435 shares, compared to its average volume of 35,699. Greene County Bancorp, Inc. has a 52 week low of $20.00 and a 52 week high of $37.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.63 and a current ratio of 0.63. The firm's fifty day moving average is $22.11 and its 200 day moving average is $25.23. The stock has a market cap of $366.32 million, a price-to-earnings ratio of 13.88 and a beta of 0.49.

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

Greene County Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.09 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.36 dividend on an annualized basis and a yield of 1.67%. Greene County Bancorp's dividend payout ratio is currently 21.43%.

Analyst Ratings Changes

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

Insider Activity at Greene County Bancorp

In other Greene County Bancorp news, Director Tejraj S. Hada acquired 7,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was bought at an average price of $23.39 per share, with a total value of $163,730.00. Following the purchase, the director now owns 15,706 shares of the company's stock, valued at approximately $367,363.34. This trade represents a 80.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Nick Barzee bought 1,500 shares of the business's stock in a transaction dated Friday, April 25th. The stock was purchased at an average price of $21.50 per share, for a total transaction of $32,250.00. Following the acquisition, the chief financial officer now directly owns 3,240 shares of the company's stock, valued at approximately $69,660. The trade was a 86.21% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 15,500 shares of company stock valued at $356,630 over the last three months. 5.10% of the stock is owned by corporate insiders.

About Greene County Bancorp

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.