Greene County Bancorp (NASDAQ:GCBC) Director Michelle Plummer Sells 10,000 Shares

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Michelle Plummer sold 10,000 shares of Greene County Bancorp stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the transaction, the director owned 99,560 shares of the company’s stock, valued at approximately $2,864,341.20. This represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Greene County Bancorp Stock Down 1.7%

Shares of GCBC stock opened at $29.66 on Tuesday. The stock has a 50 day moving average of $24.92 and a 200 day moving average of $23.61. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02. The stock has a market cap of $505.11 million, a P/E ratio of 12.95 and a beta of 0.44. Greene County Bancorp, Inc. has a twelve month low of $21.25 and a twelve month high of $30.70.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter. The company had revenue of $44.07 million during the quarter. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.

Greene County Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Friday, May 15th. Greene County Bancorp’s dividend payout ratio (DPR) is currently 17.47%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Greene County Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Greene County Bancorp presently has an average rating of “Hold”.

Institutional Trading of Greene County Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in GCBC. Northwestern Mutual Wealth Management Co. increased its position in shares of Greene County Bancorp by 250.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Greene County Bancorp by 31.1% in the second quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 450 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Greene County Bancorp by 658.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,923 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Greene County Bancorp in the third quarter valued at approximately $221,000. Finally, First Trust Advisors LP purchased a new stake in shares of Greene County Bancorp in the second quarter valued at approximately $241,000. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

Greene County Bancorp Company Profile

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.