Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Update

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 43,000 shares, a drop of 36.5% from the February 13th total of 67,700 shares. Based on an average daily trading volume, of 24,100 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.6% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, Director Jay P. Cahalan bought 1,944 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $26.45 per share, with a total value of $51,418.80. Following the transaction, the director now directly owns 29,324 shares in the company, valued at $775,619.80. This represents a 7.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new position in Greene County Bancorp in the 4th quarter valued at approximately $39,000. Deutsche Bank AG grew its position in shares of 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 purchasing an additional 1,344 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of 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 in the last quarter. SG Americas Securities LLC purchased a new position in shares of Greene County Bancorp during the 4th quarter valued at $100,000. Finally, BNP Paribas Financial Markets grew its position in shares of Greene County Bancorp by 53.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 1,450 shares in the last quarter. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

Greene County Bancorp Stock Performance

Shares of GCBC stock traded down $0.13 during trading hours on Monday, hitting $23.57. 31,372 shares of the company were exchanged, compared to its average volume of 20,130. The firm has a fifty day simple moving average of $26.47 and a 200 day simple moving average of $29.02. 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 has a 52-week low of $23.48 and a 52-week high of $37.25. The stock has a market capitalization of $401.33 million, a price-to-earnings ratio of 15.21 and a beta of 0.43.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings results 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 quarter last year, the company posted $0.34 earnings per share.

Greene County Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.53%. Greene County Bancorp’s dividend payout ratio is 23.23%.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, February 17th.

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.