Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Purchases $51,418.80 in Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Jay P. Cahalan bought 1,944 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $26.45 per share, for a total transaction of $51,418.80. Following the completion of the acquisition, the director now owns 29,324 shares in the company, valued at $775,619.80. This trade represents a 7.10 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Greene County Bancorp Trading Down 2.0 %

Greene County Bancorp stock opened at $25.94 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03. Greene County Bancorp, Inc. has a 12-month low of $25.25 and a 12-month high of $37.25. The firm has a market capitalization of $441.68 million, a price-to-earnings ratio of 16.74 and a beta of 0.45. The firm has a 50 day moving average of $26.88 and a 200 day moving average of $29.38.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.55%. During the same period in the previous year, the firm earned $0.34 earnings per share.

Greene County Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.39%. Greene County Bancorp’s dividend payout ratio is presently 23.23%.

Hedge Funds Weigh In On Greene County Bancorp

Hedge funds have recently made changes to their positions in the business. KLP Kapitalforvaltning AS bought a new stake in Greene County Bancorp during the 4th quarter valued at approximately $39,000. Deutsche Bank AG grew its holdings in Greene County Bancorp by 759.3% during the 4th quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,344 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Greene County Bancorp by 248.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,091 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Greene County Bancorp in the fourth quarter worth $100,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Greene County Bancorp by 53.4% during the third quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 1,450 shares during the last quarter. Institutional investors own 13.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Greene County Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, February 17th.

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.