Insider Buying: Greene County Bancorp (GCBC) Director Acquires 500 Shares of Stock
Greene County Bancorp (NASDAQ:GCBC) Director Paul Slutzky acquired 500 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were acquired at an average price of $30.50 per share, with a total value of $15,250.00. Following the completion of the purchase, the director now owns 92,403 shares of the company’s stock, valued at $2,818,291.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
GCBC traded down $0.44 during trading on Thursday, hitting $30.30. 1,262 shares of the company’s stock were exchanged, compared to its average volume of 2,130. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.12. Greene County Bancorp has a 1 year low of $28.85 and a 1 year high of $35.00. The company has a market cap of $262.46 million, a P/E ratio of 15.30 and a beta of 0.39.
Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter. Greene County Bancorp had a net margin of 32.05% and a return on equity of 16.60%. The company had revenue of $12.04 million during the quarter.
Separately, BidaskClub downgraded shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, January 19th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new stake in Greene County Bancorp during the first quarter worth approximately $47,000. Wells Fargo & Company MN grew its stake in Greene County Bancorp by 24.1% during the first quarter. Wells Fargo & Company MN now owns 5,274 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 1,025 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Greene County Bancorp by 22.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,035 shares of the real estate investment trust’s stock worth $244,000 after buying an additional 1,473 shares during the period. Geode Capital Management LLC grew its stake in Greene County Bancorp by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 17,977 shares of the real estate investment trust’s stock worth $559,000 after buying an additional 1,726 shares during the period. Finally, Vanguard Group Inc boosted its stake in shares of Greene County Bancorp by 2.3% in the third quarter. Vanguard Group Inc now owns 122,262 shares of the real estate investment trust’s stock valued at $3,925,000 after purchasing an additional 2,718 shares during the period. Institutional investors own 4.74% of the company’s stock.
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About Greene County Bancorp
Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services. Its deposit products include savings, NOW accounts, money market accounts, certificates of deposit and non-interest bearing checking accounts, and individual retirement accounts.
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