Short Interest in Greene County Bancorp, Inc. (NASDAQ:GCBC) Declines By 14.1%

Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 50,500 shares, a decrease of 14.1% from the March 15th total of 58,800 shares. Based on an average daily trading volume, of 9,300 shares, the days-to-cover ratio is presently 5.4 days. Currently, 0.7% of the company's stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in shares of Greene County Bancorp by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 15,109 shares of the real estate investment trust's stock valued at $675,000 after buying an additional 775 shares during the last quarter. Citigroup Inc. purchased a new position in shares of Greene County Bancorp during the 1st quarter valued at $291,000. Dimensional Fund Advisors LP lifted its position in shares of Greene County Bancorp by 43.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,616 shares of the real estate investment trust's stock valued at $879,000 after buying an additional 5,930 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Greene County Bancorp by 19.0% during the 1st quarter. Vanguard Group Inc. now owns 144,536 shares of the real estate investment trust's stock valued at $6,460,000 after buying an additional 23,121 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC purchased a new stake in Greene County Bancorp during the 1st quarter worth about $1,297,000. Hedge funds and other institutional investors own 13.39% of the company's stock.

Greene County Bancorp Price Performance

GCBC stock remained flat at $26.57 during midday trading on Friday. The company's stock had a trading volume of 21,646 shares, compared to its average volume of 8,537. The company's 50-day moving average is $27.89 and its 200-day moving average is $26.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.02. Greene County Bancorp has a twelve month low of $17.50 and a twelve month high of $36.78. The stock has a market cap of $452.41 million, a PE ratio of 16.82 and a beta of 0.42.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The real estate investment trust reported $0.34 earnings per share for the quarter. Greene County Bancorp had a return on equity of 14.42% and a net margin of 24.60%. The business had revenue of $15.87 million for the quarter.

Greene County Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 annualized dividend and a yield of 1.20%. Greene County Bancorp's dividend payout ratio is currently 20.25%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Greene County Bancorp from a "hold" rating to a "sell" rating in a report on Saturday, December 23rd.

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.