Insider Buying: Greene County Bancorp, Inc. (NASDAQ:GCBC) CFO Purchases 840 Shares of Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) CFO Nick Barzee bought 840 shares of the stock in a transaction dated Friday, January 31st. The stock was purchased 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 $46,110. The trade was a 93.33 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Greene County Bancorp Trading Down 0.8 %

GCBC opened at $26.30 on Tuesday. The firm has a 50 day simple moving average of $28.41 and a 200 day simple moving average of $30.33. Greene County Bancorp, Inc. has a fifty-two week low of $24.10 and a fifty-two week high of $37.25. The company has a market cap of $447.89 million, a price-to-earnings ratio of 16.97 and a beta of 0.45. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.65 and a quick ratio of 0.65.

Greene County Bancorp (NASDAQ:GCBC) last posted its 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 quarter last year, the company posted $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

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

Hedge Funds Weigh In On Greene County Bancorp

Several institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Greene County Bancorp during the 4th quarter worth approximately $100,000. BNP Paribas Financial Markets grew 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 worth $129,000 after buying an additional 1,450 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Greene County Bancorp in the second quarter valued at approximately $260,000. Angel Oak Capital Advisors LLC acquired a new position in Greene County Bancorp during the fourth quarter worth $222,000. Finally, JPMorgan Chase & Co. grew its position 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 in the last quarter. Institutional investors own 13.39% of the company’s stock.

Analyst Ratings Changes

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

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.