Greene County Bancorp (NASDAQ:GCBC) Shares Gap Down - Time to Sell?

Key Points

• Greene County Bancorp (NASDAQ:GCBC) shares gapped down sharply on Thursday, opening at $31.60 after closing at $34.25 the prior day and last trading near $31.82.
• The company’s latest reported quarterly results showed $0.62 EPS on $44.07 million in revenue, with a strong 15.41% return on equity and a 27.28% net margin.
• Insider activity was mixed: director John Brust bought shares in April, while director Michelle M. Plummer sold 10,000 shares in June; meanwhile, the stock’s overall analyst stance remains Hold.

Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $34.25, but opened at $31.60. Greene County Bancorp shares last traded at $31.82, with a volume of 1,278 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Greene County Bancorp from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, June 26th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Greene County Bancorp currently has an average rating of "Hold".

Greene County Bancorp Stock Performance

The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02. The company has a market cap of $543.09 million, a PE ratio of 13.94 and a beta of 0.40. The stock's 50 day simple moving average is $27.73 and its two-hundred day simple moving average is $24.57.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 EPS for the quarter. The company had revenue of $44.07 million during the quarter. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.

Greene County Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 15th. Greene County Bancorp's dividend payout ratio is presently 17.47%.

Insider Transactions at Greene County Bancorp

In other news, Director John Brust bought 2,080 shares of the firm's stock in a transaction dated Monday, April 27th. The stock was bought at an average price of $24.05 per share, for a total transaction of $50,024.00. Following the transaction, the director owned 4,180 shares in the company, valued at $100,529. The trade was a 99.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michelle M. Plummer sold 10,000 shares of Greene County Bancorp stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00. Following the completion of the transaction, the director directly owned 99,560 shares of the company's stock, valued at approximately $2,864,341.20. This represents a 9.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 59.20% of the company's stock.

Institutional Investors Weigh In On Greene County Bancorp

A number of hedge funds have recently made changes to their positions in GCBC. Northwestern Mutual Wealth Management Co. raised its stake in shares of Greene County Bancorp by 250.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust's stock worth $31,000 after buying an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Greene County Bancorp by 31.1% during the second quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 450 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Greene County Bancorp by 658.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 1,923 shares during the period. Two Sigma Investments LP acquired a new position in Greene County Bancorp during the third quarter worth about $221,000. Finally, First Trust Advisors LP bought a new stake in Greene County Bancorp in the second quarter worth about $241,000. Institutional investors own 13.39% of the company's stock.

About Greene County Bancorp

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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