Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Up 42.8% in February

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 67,700 shares, an increase of 42.8% from the January 31st total of 47,400 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 23,000 shares, the short-interest ratio is presently 2.9 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Greene County Bancorp from a “hold” rating to a “sell” rating in a report on Monday, February 17th.

Greene County Bancorp Price Performance

Shares of GCBC traded up $0.21 on Tuesday, hitting $26.46. The company’s stock had a trading volume of 44,730 shares, compared to its average volume of 23,610. The company has a market capitalization of $450.53 million, a PE ratio of 17.07 and a beta of 0.45. 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 has a fifty-two week low of $25.25 and a fifty-two week high of $37.25. The company has a 50 day moving average price of $26.93 and a 200 day moving average price of $29.41.

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

Greene County Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, February 14th. Greene County Bancorp’s dividend payout ratio is 23.23%.

Insider Activity

In related news, Director Jay P. Cahalan acquired 1,944 shares of the stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of $26.45 per share, for a total transaction of $51,418.80. Following the purchase, the director now owns 29,324 shares in the company, valued at approximately $775,619.80. This trade represents a 7.10 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in Greene County Bancorp during the 4th quarter worth $39,000. Deutsche Bank AG lifted its holdings 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 worth $42,000 after buying an additional 1,344 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Greene County Bancorp by 248.5% during the 4th 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. SG Americas Securities LLC acquired a new position in Greene County Bancorp during the 4th quarter worth $100,000. Finally, BNP Paribas Financial Markets lifted its holdings in Greene County Bancorp by 53.4% during the 3rd 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. Institutional investors and hedge funds 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.