Greene County Bancorp (NASDAQ:GCBC) Releases Quarterly Earnings Results

Greene County Bancorp (NASDAQ:GCBC) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.60 earnings per share for the quarter, Zacks reports. The firm had revenue of $22.22 million for the quarter. Greene County Bancorp had a net margin of 24.62% and a return on equity of 14.44%.

Greene County Bancorp Price Performance

Shares of Greene County Bancorp stock opened at $23.03 on Thursday. The company has a 50-day moving average of $22.85 and a two-hundred day moving average of $23.22. Greene County Bancorp has a 12-month low of $20.00 and a 12-month high of $27.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02.

Greene County Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, February 13th. Greene County Bancorp’s dividend payout ratio is presently 20.20%.

Insider Transactions at Greene County Bancorp

In other news, EVP John Antalek bought 1,500 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of $22.00 per share, for a total transaction of $33,000.00. Following the completion of the transaction, the executive vice president owned 7,567 shares in the company, valued at $166,474. This trade represents a 24.72% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jay P. Cahalan bought 4,300 shares of the stock in a transaction on Friday, October 24th. The stock was purchased at an average cost of $22.73 per share, for a total transaction of $97,739.00. Following the acquisition, the director directly owned 35,424 shares of the company’s stock, valued at $805,187.52. The trade was a 13.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 16,075 shares of company stock valued at $358,148 in the last quarter. 59.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Greene County Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its stake in Greene County Bancorp by 31.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 450 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Greene County Bancorp by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock worth $504,000 after buying an additional 500 shares in the last quarter. Bank of America Corp DE raised its position in shares of Greene County Bancorp by 3.6% in the third quarter. Bank of America Corp DE now owns 18,085 shares of the real estate investment trust’s stock valued at $409,000 after buying an additional 636 shares during the last quarter. Rhumbline Advisers raised its position in shares of Greene County Bancorp by 17.7% in the second quarter. Rhumbline Advisers now owns 11,168 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 1,679 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of 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 valued at $49,000 after buying an additional 1,923 shares during the period. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Greene County Bancorp in a report on Monday, December 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Greene County Bancorp Company Profile

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.