Greene County Bancorp (NASDAQ:GCBC) Sees Large Volume Increase – Still a Buy?

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) saw an uptick in trading volume on Tuesday . 55,528 shares were traded during mid-day trading, an increase of 216% from the previous session’s volume of 17,566 shares.The stock last traded at $29.55 and had previously closed at $29.67.

Greene County Bancorp Stock Down 1.3 %

The stock’s 50-day moving average price is $30.40 and its two-hundred day moving average price is $31.37. The stock has a market capitalization of $498.47 million, a PE ratio of 20.23 and a beta of 0.43. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.09 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.23%. Greene County Bancorp’s dividend payout ratio is presently 24.83%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Greene County Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in GCBC. BNP Paribas Financial Markets boosted its position in Greene County Bancorp by 53.4% in 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 buying an additional 1,450 shares during the last quarter. FineMark National Bank & Trust acquired a new position in Greene County Bancorp in the second quarter valued at approximately $229,000. Renaissance Technologies LLC purchased a new stake in Greene County Bancorp in the 2nd quarter worth approximately $260,000. Janus Henderson Group PLC purchased a new position in shares of Greene County Bancorp during the 1st quarter valued at approximately $272,000. Finally, Barclays PLC boosted its holdings in Greene County Bancorp by 370.0% during the third quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 9,229 shares in the last quarter. 13.39% of the stock is currently owned by institutional investors and hedge funds.

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.