StockNews.com upgraded shares of Greene County Bancorp (NASDAQ:GCBC - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.
Greene County Bancorp Stock Performance
GCBC traded up $0.17 during trading hours on Friday, hitting $22.00. 10,799 shares of the stock were exchanged, compared to its average volume of 27,671. The stock has a 50-day simple moving average of $23.52 and a 200-day simple moving average of $27.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.63 and a quick ratio of 0.63. Greene County Bancorp has a 12 month low of $20.00 and a 12 month high of $37.25. The stock has a market cap of $374.59 million, a price-to-earnings ratio of 14.19 and a beta of 0.36.
Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter. The business had revenue of $20.07 million for the quarter. Greene County Bancorp had a return on equity of 12.55% and a net margin of 21.02%.
Greene County Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.36 annualized dividend and a yield of 1.64%. Greene County Bancorp's payout ratio is 21.43%.
Insider Buying and Selling
In other news, CFO Nick Barzee bought 1,500 shares of the firm's stock in a transaction that occurred on Friday, April 25th. The stock was acquired at an average price of $21.50 per share, with a total value of $32,250.00. Following the completion of the purchase, the chief financial officer now directly owns 3,240 shares of the company's stock, valued at $69,660. This represents a 86.21 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay P. Cahalan purchased 1,944 shares of the company's stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $26.45 per share, for a total transaction of $51,418.80. Following the completion of the transaction, the director now owns 29,324 shares of the company's stock, valued at $775,619.80. This represents a 7.10 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 11,284 shares of company stock valued at $269,659 over the last quarter. Corporate insiders own 5.10% of the company's stock.
Institutional Trading of Greene County Bancorp
A number of large investors have recently added to or reduced their stakes in GCBC. Geode Capital Management LLC boosted its holdings in shares of Greene County Bancorp by 1.5% in the third quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust's stock worth $5,048,000 after buying an additional 2,458 shares during the period. Barclays PLC increased its stake in shares of 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 purchasing an additional 9,229 shares during the last quarter. SG Americas Securities LLC bought a new position in Greene County Bancorp during the fourth quarter valued at about $100,000. JPMorgan Chase & Co. lifted its holdings in Greene County Bancorp by 115.5% in 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 last quarter. Finally, State Street Corp grew its stake in Greene County Bancorp by 9.0% in the 3rd quarter. State Street Corp now owns 122,592 shares of the real estate investment trust's stock valued at $3,788,000 after buying an additional 10,152 shares during the last quarter. 13.39% of the stock is currently owned by institutional investors.
About Greene County Bancorp
(
Get Free Report)
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.
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