Tejraj Hada Purchases 2,000 Shares of Greene County Bancorp (NASDAQ:GCBC) Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Tejraj Hada bought 2,000 shares of the stock in a transaction dated Tuesday, March 17th. The stock was acquired at an average price of $21.99 per share, with a total value of $43,980.00. Following the completion of the purchase, the director owned 31,427 shares of the company’s stock, valued at $691,079.73. This represents a 6.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Greene County Bancorp Stock Up 1.9%

Shares of NASDAQ GCBC opened at $22.16 on Friday. The firm’s 50-day simple moving average is $22.79 and its 200 day simple moving average is $22.84. The company has a market cap of $377.38 million, a price-to-earnings ratio of 10.36 and a beta of 0.41. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.02. Greene County Bancorp, Inc. has a 12-month low of $20.00 and a 12-month high of $26.04.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $0.60 EPS for the quarter. The firm had revenue of $41.27 million for the quarter. Greene County Bancorp had a net margin of 26.03% and a return on equity of 15.01%.

Greene County Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, February 13th. Greene County Bancorp’s dividend payout ratio is 18.69%.

Hedge Funds Weigh In On Greene County Bancorp

Several large investors have recently bought and sold shares of the business. Covalent Partners LLC boosted its stake in Greene County Bancorp by 37.9% in the fourth quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock valued at $1,400,000 after acquiring an additional 17,329 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Greene County Bancorp by 18.3% during the 4th quarter. Wells Fargo & Company MN now owns 19,461 shares of the real estate investment trust’s stock valued at $433,000 after acquiring an additional 3,012 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Greene County Bancorp by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 91,601 shares of the real estate investment trust’s stock valued at $2,036,000 after acquiring an additional 5,396 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Greene County Bancorp by 26.8% in the 4th quarter. LPL Financial LLC now owns 42,892 shares of the real estate investment trust’s stock valued at $953,000 after purchasing an additional 9,062 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Greene County Bancorp by 14.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 66,370 shares of the real estate investment trust’s stock valued at $1,475,000 after purchasing an additional 8,313 shares during the period. 13.39% of the stock is currently owned by institutional investors and hedge funds.

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, According to data from MarketBeat, Greene County Bancorp has an average rating of “Hold”.

About Greene County Bancorp

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.