Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 45,500 shares, a decline of 9.9% from the March 31st total of 50,500 shares. Based on an average daily trading volume, of 10,300 shares, the short-interest ratio is currently 4.4 days. Currently, 0.7% of the shares of the company are short sold.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Greene County Bancorp by 77.1% during the third quarter. Barclays PLC now owns 2,460 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 1,071 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Greene County Bancorp during the fourth quarter worth about $222,000. Swiss National Bank purchased a new stake in shares of Greene County Bancorp during the third quarter worth about $360,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Greene County Bancorp by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 56,836 shares of the real estate investment trust's stock worth $1,367,000 after purchasing an additional 2,635 shares in the last quarter. Hedge funds and other institutional investors own 13.39% of the company's stock.
Greene County Bancorp Stock Performance
GCBC traded down $0.46 on Monday, reaching $29.53. The stock had a trading volume of 7,822 shares, compared to its average volume of 9,991. Greene County Bancorp has a 12-month low of $17.50 and a 12-month high of $36.78. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.02. The business's 50-day moving average price is $27.84 and its two-hundred day moving average price is $26.80. The company has a market cap of $502.90 million, a P/E ratio of 20.83 and a beta of 0.42.
Greene County Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.08%. Greene County Bancorp's payout ratio is 22.22%.
Greene County Bancorp Company Profile
(
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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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