Greene County Bancorp (NASDAQ:GCBC) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $22.38 and traded as high as $23.42. Greene County Bancorp shares last traded at $22.70, with a volume of 29,616 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Greene County Bancorp in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Greene County Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $386.58 million, a PE ratio of 11.46 and a beta of 0.46. The firm’s 50 day moving average price is $22.38 and its 200-day moving average price is $23.09.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings results on Tuesday, October 21st. The real estate investment trust reported $0.52 earnings per share for the quarter. The company had revenue of $19.75 million during the quarter. Greene County Bancorp had a return on equity of 14.75% and a net margin of 24.62%.

Greene County Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. Greene County Bancorp’s dividend payout ratio (DPR) is 20.20%.

Insider Activity at Greene County Bancorp

In related news, Director Tejraj S. Hada acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were acquired at an average cost of $21.96 per share, with a total value of $65,880.00. Following the completion of the acquisition, the director directly owned 27,923 shares in the company, valued at approximately $613,189.08. This trade represents a 12.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jay P. Cahalan bought 4,300 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was bought at an average price of $22.73 per share, for a total transaction of $97,739.00. Following the transaction, the director owned 35,424 shares of the company’s stock, valued at approximately $805,187.52. This trade represents a 13.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 16,075 shares of company stock valued at $358,148. 59.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GCBC. Vanguard Group Inc. boosted its holdings in Greene County Bancorp by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 369,486 shares of the real estate investment trust’s stock worth $8,350,000 after buying an additional 4,650 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Greene County Bancorp by 3.0% in the second quarter. Geode Capital Management LLC now owns 169,308 shares of the real estate investment trust’s stock valued at $3,763,000 after acquiring an additional 4,985 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Greene County Bancorp by 8.6% in the third quarter. Dimensional Fund Advisors LP now owns 86,205 shares of the real estate investment trust’s stock worth $1,948,000 after acquiring an additional 6,830 shares during the last quarter. Angel Oak Capital Advisors LLC increased its position in shares of Greene County Bancorp by 35.7% during the second quarter. Angel Oak Capital Advisors LLC now owns 57,000 shares of the real estate investment trust’s stock worth $1,267,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in Greene County Bancorp by 202.8% in the 2nd quarter. Hsbc Holdings PLC now owns 37,029 shares of the real estate investment trust’s stock valued at $852,000 after purchasing an additional 24,800 shares during the last quarter. 13.39% of the stock is owned by hedge funds and other institutional investors.

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.