Tejraj S. Hada Purchases 7,000 Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Tejraj S. Hada bought 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were bought at an average price of $23.39 per share, for a total transaction of $163,730.00. Following the acquisition, the director now directly owns 15,706 shares of the company’s stock, valued at $367,363.34. This represents a 80.40 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Greene County Bancorp Price Performance

GCBC stock traded up $0.26 during midday trading on Thursday, reaching $23.86. 56,886 shares of the stock were exchanged, compared to its average volume of 20,726. The company has a fifty day moving average price of $26.27 and a 200 day moving average price of $28.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.63 and a quick ratio of 0.63. Greene County Bancorp, Inc. has a 52 week low of $23.11 and a 52 week high of $37.25. The stock has a market capitalization of $406.26 million, a PE ratio of 15.39 and a beta of 0.43.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 EPS for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.55%. During the same period in the previous year, the business earned $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, February 14th. Greene County Bancorp’s dividend payout ratio is presently 23.23%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Greene County Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday.

Hedge Funds Weigh In On Greene County Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS purchased a new position in shares of Greene County Bancorp in the fourth quarter worth about $39,000. Tower Research Capital LLC TRC grew its stake in shares of 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 during the last quarter. Deutsche Bank AG boosted its position in Greene County Bancorp by 759.3% during the 4th 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 during the period. SG Americas Securities LLC purchased a new position in Greene County Bancorp during the 4th quarter valued at about $100,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Greene County Bancorp by 53.4% during 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 acquiring an additional 1,450 shares in the last quarter. Institutional investors 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.