Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Jay P. Cahalan Acquires 1,944 Shares

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Jay P. Cahalan purchased 1,944 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average price of $26.45 per share, for a total transaction of $51,418.80. Following the acquisition, the director now directly owns 29,324 shares of the company’s stock, valued at $775,619.80. This trade represents a 7.10 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Greene County Bancorp Stock Up 1.4 %

Shares of NASDAQ:GCBC opened at $26.25 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.03. Greene County Bancorp, Inc. has a 52-week low of $25.25 and a 52-week high of $37.25. The company has a 50 day moving average of $27.00 and a two-hundred day moving average of $29.45. The company has a market capitalization of $446.96 million, a price-to-earnings ratio of 16.94 and a beta of 0.45.

Greene County Bancorp (NASDAQ:GCBC) last issued 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 net margin of 21.02% and a return on equity of 12.55%. During the same period in the prior year, the business earned $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

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

Institutional Trading of Greene County Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its position in shares of Greene County Bancorp by 8.4% during the fourth quarter. Barclays PLC now owns 12,703 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 980 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Greene County Bancorp by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 75,670 shares of the real estate investment trust’s stock worth $2,098,000 after buying an additional 1,025 shares in the last quarter. Tower Research Capital LLC TRC grew its position 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 worth $42,000 after buying an additional 1,091 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Greene County Bancorp by 9.5% during the fourth quarter. Wells Fargo & Company MN now owns 12,883 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 1,114 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of 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 worth $42,000 after buying an additional 1,344 shares in the last quarter. Institutional investors and hedge funds own 13.39% of the company’s stock.

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 report on Monday, February 17th.

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.