StockNews.com upgraded shares of Greene County Bancorp (NASDAQ:GCBC - Free Report) from a sell rating to a hold rating in a research report sent to investors on Tuesday.
Greene County Bancorp Stock Down 4.8 %
NASDAQ:GCBC traded down $1.14 during trading hours on Tuesday, hitting $22.50. The company's stock had a trading volume of 96,613 shares, compared to its average volume of 21,330. The stock has a market capitalization of $383.11 million, a P/E ratio of 14.52 and a beta of 0.43. The stock has a fifty day moving average of $26.14 and a 200-day moving average of $28.70. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03. Greene County Bancorp has a 52-week low of $22.35 and a 52-week high of $37.25.
Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 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 firm earned $0.34 EPS.
Greene County Bancorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, February 14th. Greene County Bancorp's payout ratio is 23.23%.
Insiders Place Their Bets
In other news, Director Tejraj S. Hada acquired 7,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were bought at an average price of $23.39 per share, with a total value of $163,730.00. Following the completion of the acquisition, the director now owns 15,706 shares in the company, valued at $367,363.34. This trade represents a 80.40 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jay P. Cahalan acquired 1,944 shares of the company's stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $26.45 per share, for a total transaction of $51,418.80. Following the acquisition, the director now owns 29,324 shares of the company's stock, valued at approximately $775,619.80. The trade was a 7.10 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 9,784 shares of company stock valued at $237,409. 5.10% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Greene County Bancorp
Several hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Greene County Bancorp by 9.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,450 shares of the real estate investment trust's stock worth $484,000 after buying an additional 1,503 shares during the period. Squarepoint Ops LLC acquired a new stake in Greene County Bancorp in the fourth quarter valued at about $271,000. Millennium Management LLC acquired a new stake in Greene County Bancorp in the fourth quarter valued at about $403,000. Deutsche Bank AG lifted its position in Greene County Bancorp by 759.3% in the fourth quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 1,344 shares during the period. Finally, Citadel Advisors LLC lifted its position in Greene County Bancorp by 27.9% in the fourth quarter. Citadel Advisors LLC now owns 29,832 shares of the real estate investment trust's stock valued at $827,000 after purchasing an additional 6,499 shares during the period. Institutional investors and hedge funds own 13.39% of the company's stock.
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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