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Greene County Bancorp (NASDAQ:GCBC) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Greene County Bancorp logo with Finance background

Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $31.30 and traded as high as $31.63. Greene County Bancorp shares last traded at $31.63, with a volume of 16,657 shares changing hands.

Greene County Bancorp Stock Performance

The stock's 50-day moving average is $30.62 and its 200-day moving average is $31.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $505.02 million, a price-to-earnings ratio of 20.46 and a beta of 0.43.

Greene County Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Friday, November 15th. Greene County Bancorp's dividend payout ratio is currently 24.83%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Greene County Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of GCBC. FineMark National Bank & Trust purchased a new position in Greene County Bancorp in the second quarter valued at approximately $229,000. Renaissance Technologies LLC acquired a new stake in shares of Greene County Bancorp in the second quarter worth $260,000. Dimensional Fund Advisors LP raised its stake in shares of Greene County Bancorp by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the real estate investment trust's stock valued at $2,182,000 after acquiring an additional 7,814 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Greene County Bancorp by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 22,546 shares of the real estate investment trust's stock valued at $760,000 after acquiring an additional 300 shares in the last quarter. Finally, Barclays PLC lifted 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 valued at $362,000 after acquiring an additional 9,229 shares in the last quarter. 13.39% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

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