Short Interest in Greene County Bancorp, Inc. (NASDAQ:GCBC) Increases By 42.8%

Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 67,700 shares, a growth of 42.8% from the January 31st total of 47,400 shares. Based on an average trading volume of 23,000 shares, the short-interest ratio is currently 2.9 days. Approximately 1.0% of the company's stock are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Greene County Bancorp from a "hold" rating to a "sell" rating in a research note on Monday, February 17th.

Insider Buying and Selling

In other news, Director Jay P. Cahalan acquired 1,944 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $26.45 per share, for a total transaction of $51,418.80. Following the completion of the purchase, the director now directly owns 29,324 shares of the company's stock, valued at approximately $775,619.80. This trade represents a 7.10 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

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Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new stake in shares of Greene County Bancorp in the 4th quarter valued at about $39,000. Deutsche Bank AG raised its stake in Greene County Bancorp by 759.3% during the fourth quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 1,344 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Greene County Bancorp by 248.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 1,091 shares in the last quarter. SG Americas Securities LLC bought a new position in Greene County Bancorp during the 4th quarter worth approximately $100,000. Finally, BNP Paribas Financial Markets raised its position in shares of Greene County Bancorp by 53.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust's stock valued at $129,000 after acquiring an additional 1,450 shares in the last quarter. 13.39% of the stock is owned by institutional investors and hedge funds.

Greene County Bancorp Stock Down 0.3 %

Shares of NASDAQ GCBC traded down $0.08 during midday trading on Friday, reaching $26.07. 31,645 shares of the company's stock were exchanged, compared to its average volume of 23,608. The stock has a market capitalization of $443.89 million, a PE ratio of 16.82 and a beta of 0.45. Greene County Bancorp has a 52-week low of $25.25 and a 52-week high of $37.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.63 and a current ratio of 0.63. The business's fifty day moving average price is $26.76 and its two-hundred day moving average price is $29.33.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last posted its quarterly earnings data 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 quarter in the prior year, the firm posted $0.34 EPS.

Greene County Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.38%. Greene County Bancorp's dividend payout ratio (DPR) is 23.23%.

Greene County Bancorp Company Profile

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.