Greene County Bancorp, Inc. (NASDAQ:GCBC) CFO Acquires $22,260.00 in Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) CFO Nick Barzee acquired 840 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $26.50 per share, for a total transaction of $22,260.00. Following the acquisition, the chief financial officer now owns 1,740 shares in the company, valued at approximately $46,110. The trade was a 93.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Greene County Bancorp Stock Up 0.7 %

Shares of GCBC opened at $26.31 on Thursday. The business’s fifty day moving average price is $28.23 and its two-hundred day moving average price is $30.25. The firm has a market capitalization of $447.98 million, a price-to-earnings ratio of 16.97 and a beta of 0.45. Greene County Bancorp, Inc. has a 52 week low of $24.49 and a 52 week high of $37.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.65 and a current ratio of 0.65.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings results 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 12.72% and a net margin of 21.02%. During the same period in the previous year, the business earned $0.34 EPS.

Greene County Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, February 14th. Greene County Bancorp’s dividend payout ratio is 23.23%.

Hedge Funds Weigh In On Greene County Bancorp

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Greene County Bancorp during the 4th quarter worth $100,000. BNP Paribas Financial Markets boosted its position in shares of Greene County Bancorp by 53.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,450 shares during the last quarter. Angel Oak Capital Advisors LLC bought a new position in shares of Greene County Bancorp in the 4th quarter worth $222,000. Renaissance Technologies LLC acquired a new stake in shares of Greene County Bancorp during the second quarter worth $260,000. Finally, JPMorgan Chase & Co. increased its holdings in Greene County Bancorp by 115.5% in the third 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 during the last quarter. 13.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, January 31st.

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.