Fmr LLC Sells 102,190 Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC)

FMR LLC decreased its position in shares of Greene County Bancorp, Inc. (NASDAQ:GCBC - Free Report) by 10.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 908,636 shares of the real estate investment trust's stock after selling 102,190 shares during the period. FMR LLC owned 5.34% of Greene County Bancorp worth $28,077,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FineMark National Bank & Trust acquired a new stake in Greene County Bancorp during the second quarter valued at $229,000. Renaissance Technologies LLC acquired a new stake in shares of Greene County Bancorp in the second quarter worth about $260,000. Bank of New York Mellon Corp lifted its position in shares of Greene County Bancorp by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 22,546 shares of the real estate investment trust's stock worth $760,000 after buying an additional 300 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Greene County Bancorp by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the real estate investment trust's stock worth $2,182,000 after purchasing an additional 7,814 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Greene County Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust's stock worth $10,428,000 after purchasing an additional 2,407 shares during the period. Institutional investors and hedge funds own 13.39% of the company's stock.

Insider Transactions at Greene County Bancorp

In other news, CFO Nick Barzee acquired 892 shares of the firm's stock in a transaction on Friday, October 25th. The shares were purchased at an average cost of $28.57 per share, for a total transaction of $25,484.44. Following the transaction, the chief financial officer now owns 900 shares of the company's stock, valued at approximately $25,713. This represents a 11,150.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tejraj S. Hada acquired 2,000 shares of the firm's stock in a transaction on Friday, November 1st. The stock was purchased at an average price of $28.00 per share, for a total transaction of $56,000.00. Following the completion of the transaction, the director now directly owns 8,651 shares in the company, valued at approximately $242,228. The trade was a 30.07 % increase in their position. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by insiders.

Greene County Bancorp Stock Performance

GCBC traded down $0.46 on Tuesday, hitting $30.79. 21,542 shares of the stock traded hands, compared to its average volume of 17,822. The business has a fifty day moving average price of $30.36 and a two-hundred day moving average price of $31.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $524.35 million, a PE ratio of 21.23 and a beta of 0.43. Greene County Bancorp, Inc. has a 52 week low of $23.63 and a 52 week high of $37.25.

Greene County Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.36 annualized dividend and a yield of 1.17%. Greene County Bancorp's dividend payout ratio (DPR) is 24.83%.

About Greene County Bancorp

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.