Insider Buying: Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Acquires 1,944 Shares of Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) Director Jay P. Cahalan acquired 1,944 shares of the stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $26.45 per share, for a total transaction of $51,418.80. Following the completion of the purchase, the director now directly owns 29,324 shares in the company, valued at $775,619.80. The trade was a 7.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Greene County Bancorp Stock Performance

Shares of GCBC stock traded up $0.21 during trading on Thursday, reaching $26.15. 15,213 shares of the company's stock were exchanged, compared to its average volume of 23,421. Greene County Bancorp, Inc. has a twelve month low of $25.25 and a twelve month high of $37.25. The firm's fifty day moving average price is $26.81 and its 200-day moving average price is $29.35. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $445.26 million, a PE ratio of 16.87 and a beta of 0.45.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last released its quarterly earnings data 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 12.55%. During the same period in the prior year, the company earned $0.34 EPS.

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Greene County Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 annualized dividend and a yield of 1.38%. Greene County Bancorp's dividend payout ratio (DPR) is presently 23.23%.

Institutional Investors Weigh In On Greene County Bancorp

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Greene County Bancorp by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust's stock worth $5,048,000 after purchasing an additional 2,458 shares during the last quarter. Barclays PLC increased its position in Greene County Bancorp by 370.0% during the 3rd quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust's stock worth $362,000 after buying an additional 9,229 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Greene County Bancorp by 69.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,947 shares of the real estate investment trust's stock worth $493,000 after buying an additional 6,517 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Greene County Bancorp in the fourth quarter valued at about $100,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Greene County Bancorp by 115.5% in the third quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust's stock valued at $338,000 after acquiring an additional 5,863 shares in the last quarter. Institutional investors own 13.39% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Greene County Bancorp from a "hold" rating to a "sell" rating in a research report on Monday, February 17th.

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.