Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Down 36.5% in February

Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 43,000 shares, a decrease of 36.5% from the February 13th total of 67,700 shares. Based on an average daily trading volume, of 24,100 shares, the short-interest ratio is currently 1.8 days. Currently, 0.6% of the company's stock are short sold.

Insiders Place Their Bets

In other Greene County Bancorp news, Director Jay P. Cahalan acquired 1,944 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $26.45 per share, for a total transaction of $51,418.80. Following the acquisition, the director now owns 29,324 shares in the company, valued at approximately $775,619.80. This trade represents a 7.10 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Greene County Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Greene County Bancorp by 1.5% in 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 acquiring an additional 2,458 shares during the last quarter. State Street Corp grew its position in Greene County Bancorp by 9.0% during the 3rd quarter. State Street Corp now owns 122,592 shares of the real estate investment trust's stock worth $3,788,000 after purchasing an additional 10,152 shares during the period. Dimensional Fund Advisors LP grew its position in Greene County Bancorp by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 75,670 shares of the real estate investment trust's stock worth $2,098,000 after purchasing an additional 1,025 shares during the period. Northern Trust Corp grew its position in Greene County Bancorp by 2.5% during the 4th quarter. Northern Trust Corp now owns 66,422 shares of the real estate investment trust's stock worth $1,841,000 after purchasing an additional 1,632 shares during the period. Finally, LPL Financial LLC grew its position in Greene County Bancorp by 417.6% during the 4th quarter. LPL Financial LLC now owns 33,718 shares of the real estate investment trust's stock worth $935,000 after purchasing an additional 27,204 shares during the period. Hedge funds and other institutional investors own 13.39% of the company's stock.

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Greene County Bancorp Stock Up 0.6 %

Shares of GCBC traded up $0.15 during midday trading on Wednesday, hitting $23.60. 87,875 shares of the company's stock traded hands, compared to its average volume of 20,569. The stock has a market capitalization of $401.84 million, a price-to-earnings ratio of 15.23 and a beta of 0.43. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average is $26.33 and its 200-day moving average is $28.88. Greene County Bancorp has a 1 year low of $23.07 and a 1 year high of $37.25.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 12.55% and a net margin of 21.02%. During the same period last year, the business posted $0.34 earnings per share.

Greene County Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.53%. Greene County Bancorp's dividend payout ratio (DPR) is 23.23%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Greene County Bancorp from a "sell" rating to a "hold" rating in a report on Tuesday.

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.