Greene County Bancorp (NASDAQ:GCBC) Shares Pass Below Fifty Day Moving Average - What's Next?

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $30.56 and traded as low as $27.40. Greene County Bancorp shares last traded at $27.70, with a volume of 34,175 shares changing hands.

Greene County Bancorp Price Performance

The firm has a market cap of $471.99 million, a PE ratio of 19.12 and a beta of 0.43. The company has a 50 day moving average price of $30.53 and a 200 day moving average price of $31.18. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.14.

Greene County Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.30%. Greene County Bancorp's payout ratio is 24.83%.

Insider Buying and Selling at Greene County Bancorp

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

Hedge Funds Weigh In On Greene County Bancorp

A number of institutional investors have recently modified their holdings of GCBC. BNP Paribas Financial Markets increased its stake in Greene County Bancorp by 53.4% in 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 purchasing an additional 1,450 shares during the last quarter. FineMark National Bank & Trust acquired a new stake in shares of Greene County Bancorp during the 2nd quarter worth $229,000. Renaissance Technologies LLC purchased a new stake in Greene County Bancorp during the second quarter valued at about $260,000. JPMorgan Chase & Co. lifted its stake in shares of 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 valued at $338,000 after purchasing an additional 5,863 shares in the last quarter. Finally, Barclays PLC grew its holdings 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 period. Institutional investors and hedge funds own 13.39% of the company's stock.

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.