Greene County Bancorp (NASDAQ:GCBC) Sets New 1-Year High – Here’s What Happened

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $31.46 and last traded at $31.2160, with a volume of 13562 shares trading hands. The stock had previously closed at $30.45.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Greene County Bancorp has an average rating of “Hold”.

Greene County Bancorp Stock Performance

The stock’s 50 day moving average is $26.05 and its two-hundred day moving average is $24.04. The stock has a market capitalization of $559.09 million, a price-to-earnings ratio of 14.34 and a beta of 0.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02.

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

Greene County Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. Greene County Bancorp’s dividend payout ratio (DPR) is presently 17.47%.

Insider Buying and Selling

In other Greene County Bancorp news, Director Michelle M. Plummer sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the sale, the director owned 99,560 shares in the company, valued at approximately $2,864,341.20. The trade was a 9.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Brust bought 2,041 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was purchased at an average price of $24.50 per share, for a total transaction of $50,004.50. Following the purchase, the director directly owned 6,221 shares in the company, valued at approximately $152,414.50. This represents a 48.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 59.20% of the stock is currently owned by company insiders.

Institutional Trading of Greene County Bancorp

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Greene County Bancorp by 250.0% during the fourth 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 during the last quarter. BNP Paribas Financial Markets increased its stake in Greene County Bancorp by 31.1% in the 2nd 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 during the last quarter. Tower Research Capital LLC TRC lifted its position in Greene County Bancorp by 658.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,923 shares in the last quarter. Two Sigma Investments LP bought a new stake in Greene County Bancorp during the 3rd quarter worth about $221,000. Finally, First Trust Advisors LP acquired a new position in shares of Greene County Bancorp during the 2nd quarter worth about $241,000. Institutional investors 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.