Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.35 and traded as low as $22.36. Greene County Bancorp shares last traded at $22.50, with a volume of 13,291 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Greene County Bancorp from a "sell" rating to a "hold" rating in a research note on Saturday, April 26th.
Get Our Latest Analysis on Greene County Bancorp
Greene County Bancorp Trading Down 1.5%
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 company's 50 day simple moving average is $22.32 and its two-hundred day simple moving average is $26.08. The stock has a market cap of $375.34 million, a price-to-earnings ratio of 14.22 and a beta of 0.52.
Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 12.55% and a net margin of 21.02%. The company had revenue of $20.07 million during the quarter.
Greene County Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, May 16th. Greene County Bancorp's dividend payout ratio is currently 21.43%.
Insider Transactions at Greene County Bancorp
In other news, Director Tejraj S. Hada bought 6,612 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average cost of $22.95 per share, for a total transaction of $151,745.40. Following the purchase, the director now owns 22,318 shares of the company's stock, valued at approximately $512,198.10. This trade represents a 42.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jay P. Cahalan acquired 1,944 shares of the company's stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $26.45 per share, with a total value of $51,418.80. Following the purchase, the director now directly owns 29,324 shares in the company, valued at approximately $775,619.80. This represents a 7.10% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 17,444 shares of company stock worth $408,049 over the last 90 days. 5.10% of the stock is owned by insiders.
Institutional Investors Weigh In On Greene County Bancorp
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its holdings in shares of Greene County Bancorp by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust's stock worth $504,000 after purchasing an additional 500 shares in the last quarter. Barclays PLC boosted its stake in shares of Greene County Bancorp by 8.4% during the fourth quarter. Barclays PLC now owns 12,703 shares of the real estate investment trust's stock valued at $352,000 after purchasing an additional 980 shares during the period. Dimensional Fund Advisors LP increased its position in Greene County Bancorp by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 75,670 shares of the real estate investment trust's stock valued at $2,098,000 after purchasing an additional 1,025 shares during the period. Tower Research Capital LLC TRC increased its position in Greene County Bancorp by 248.5% during 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. Finally, Wells Fargo & Company MN increased its position in Greene County Bancorp by 9.5% during the 4th quarter. Wells Fargo & Company MN now owns 12,883 shares of the real estate investment trust's stock valued at $357,000 after purchasing an additional 1,114 shares during the period. 13.39% of the stock is currently owned by institutional investors.
About Greene County Bancorp
(
Get Free Report)
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.
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