Insider Buying: Greene County Bancorp, Inc. (NASDAQ:GCBC) CFO Acquires 840 Shares of Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) CFO Nick Barzee acquired 840 shares of the business's stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $26.50 per share, with a total value of $22,260.00. Following the completion of the acquisition, the chief financial officer now owns 1,740 shares in the company, valued at approximately $46,110. This represents a 93.33 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Greene County Bancorp Trading Up 2.6 %

GCBC traded up $0.69 during trading on Thursday, reaching $27.00. The company had a trading volume of 16,148 shares, compared to its average volume of 26,123. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.14. Greene County Bancorp, Inc. has a 52 week low of $25.25 and a 52 week high of $37.25. The stock has a market cap of $459.81 million, a P/E ratio of 17.42 and a beta of 0.45. The business has a 50 day simple moving average of $28.23 and a 200-day simple moving average of $30.25.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 EPS for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.72%. During the same quarter in the previous year, the firm posted $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.33%. Greene County Bancorp's payout ratio is 23.23%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Greene County Bancorp from a "hold" rating to a "sell" rating in a research report on Friday, January 31st.

Hedge Funds Weigh In On Greene County Bancorp

Several hedge funds have recently bought and sold shares of GCBC. SG Americas Securities LLC bought a new stake in Greene County Bancorp during the 4th quarter valued at about $100,000. BNP Paribas Financial Markets raised its stake in shares of Greene County Bancorp by 53.4% during the third quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust's stock valued at $129,000 after acquiring an additional 1,450 shares in the last quarter. Angel Oak Capital Advisors LLC purchased a new stake in shares of Greene County Bancorp in the fourth quarter valued at approximately $222,000. Renaissance Technologies LLC bought a new position in Greene County Bancorp in the second quarter worth approximately $260,000. Finally, JPMorgan Chase & Co. increased its holdings in Greene County Bancorp by 115.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust's stock worth $338,000 after purchasing an additional 5,863 shares during the period. Institutional investors own 13.39% of the company's stock.

Greene County Bancorp Company Profile

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.