Greene County Bancorp (NASDAQ:GCBC) Sees Unusually-High Trading Volume – Here’s Why

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) saw unusually-strong trading volume on Wednesday. 28,696 shares changed hands during trading, an increase of 11% from the average daily volume of 25,969 shares. The stock last traded at $35.7290 and had previously closed at $35.82.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Greene County Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Greene County Bancorp Stock Performance

The stock has a fifty day simple moving average of $34.82 and a 200-day simple moving average of $28.60. The stock has a market cap of $610.51 million, a P/E ratio of 13.69 and a beta of 0.47. 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 (NASDAQ:GCBC) last announced its quarterly earnings results on Thursday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter. Greene County Bancorp had a net margin of 30.24% and a return on equity of 16.67%. The company had revenue of $24.80 million during the quarter.

Greene County Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 13th. Greene County Bancorp’s payout ratio is currently 16.79%.

Hedge Funds Weigh In On Greene County Bancorp

A number of large investors have recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in Greene County Bancorp by 1.2% in the first quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust’s stock valued at $968,000 after purchasing an additional 521 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Greene County Bancorp by 211.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,244 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 844 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Greene County Bancorp by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock worth $2,076,000 after purchasing an additional 1,006 shares during the period. Bank of America Corp DE grew its stake in Greene County Bancorp by 5.2% in the 1st quarter. Bank of America Corp DE now owns 21,302 shares of the real estate investment trust’s stock valued at $477,000 after buying an additional 1,046 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Greene County Bancorp by 2.6% during the first quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust’s stock worth $1,143,000 after purchasing an additional 1,300 shares during the period. Institutional investors and hedge funds own 13.39% of the company’s stock.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc is a bank holding company headquartered in Catskill, New York. Through its principal subsidiary, The Bank of Greene County, the company provides community banking services to individuals, families, businesses and nonprofit organizations.

The Bank of Greene County offers deposit products, residential and commercial real estate loans, consumer lending, business loans and other financial services. Its product offerings include checking and savings accounts, certificates of deposit, online and mobile banking, treasury management and investment-related services.

Founded in 1889, the bank has a long history of serving communities in New York’s Hudson Valley.