JPMorgan Chase & Co. Buys 13,918 Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC)

JPMorgan Chase & Co. raised its position in Greene County Bancorp, Inc. (NASDAQ:GCBC - Free Report) by 127.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,859 shares of the real estate investment trust's stock after buying an additional 13,918 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of Greene County Bancorp worth $689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Greene County Bancorp by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust's stock worth $5,048,000 after buying an additional 2,458 shares during the last quarter. Barclays PLC lifted its holdings in shares of Greene County Bancorp by 370.0% in the third quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust's stock worth $362,000 after acquiring an additional 9,229 shares during the last quarter. SG Americas Securities LLC bought a new stake in Greene County Bancorp during the 4th quarter worth $100,000. State Street Corp raised its stake in shares of Greene County Bancorp by 9.0% during the third quarter. State Street Corp now owns 122,592 shares of the real estate investment trust's stock valued at $3,788,000 after acquiring an additional 10,152 shares during the last quarter. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of Greene County Bancorp in the 4th quarter valued at about $365,000. 13.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CFO Nick Barzee acquired 1,500 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average cost of $21.50 per share, for a total transaction of $32,250.00. Following the purchase, the chief financial officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tejraj S. Hada bought 7,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were acquired at an average price of $23.39 per share, with a total value of $163,730.00. Following the transaction, the director now directly 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 disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 10,444 shares of company stock valued at $247,399. Company insiders own 5.10% of the company's stock.

Greene County Bancorp Stock Down 1.5 %

Shares of NASDAQ:GCBC traded down $0.35 during mid-day trading on Monday, hitting $22.43. 675 shares of the company traded hands, compared to its average volume of 39,036. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03. The stock has a 50-day moving average price of $23.15 and a two-hundred day moving average price of $26.86. 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 $381.83 million, a P/E ratio of 14.47 and a beta of 0.36.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $0.47 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 business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.36 annualized dividend and a yield of 1.61%. Greene County Bancorp's payout ratio is currently 21.43%.

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.