Greene County Bancorp (NASDAQ:GCBC) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $22.82 and traded as high as $22.84. Greene County Bancorp shares last traded at $22.18, with a volume of 10,891 shares trading hands.

Analysts Set New Price Targets

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

Greene County Bancorp Stock Performance

The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $377.66 million, a PE ratio of 10.36 and a beta of 0.41. The business has a 50 day simple moving average of $22.82 and a 200 day simple moving average of $22.81.

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

Greene County Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.10 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. Greene County Bancorp’s dividend payout ratio (DPR) is 18.69%.

Insider Activity at Greene County Bancorp

In related news, Director Peter W. Hogan acquired 3,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average cost of $22.10 per share, for a total transaction of $66,300.00. Following the completion of the purchase, the director owned 75,000 shares of the company’s stock, valued at approximately $1,657,500. This represents a 4.17% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher Cannucciari acquired 1,300 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were bought at an average cost of $22.05 per share, for a total transaction of $28,665.00. Following the completion of the acquisition, the director directly owned 4,378 shares of the company’s stock, valued at approximately $96,534.90. The trade was a 42.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 11,580 shares of company stock worth $255,609 in the last quarter. 59.20% of the stock is currently owned by company insiders.

Institutional Trading of Greene County Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in Greene County Bancorp by 31.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 450 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Greene County Bancorp by 2.4% in the first quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock worth $504,000 after acquiring an additional 500 shares in the last quarter. CWM LLC increased its position in shares of Greene County Bancorp by 35.9% during the third quarter. CWM LLC now owns 2,296 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 607 shares during the period. Bank of America Corp DE raised its stake 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 acquiring an additional 636 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Greene County Bancorp by 250.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 13.39% of the company’s stock.

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.