Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Update

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 43,000 shares, a decrease of 36.5% from the February 13th total of 67,700 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 24,100 shares, the days-to-cover ratio is presently 1.8 days.

Insider Activity

In other Greene County Bancorp news, Director Jay P. Cahalan bought 1,944 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of $26.45 per share, for a total transaction of $51,418.80. Following the transaction, the director now owns 29,324 shares of the company’s stock, valued at $775,619.80. This represents a 7.10 % increase in their ownership of the stock. The transaction 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 Investors Weigh In On Greene County Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of GCBC. Barclays PLC grew its position in Greene County Bancorp by 8.4% in the 4th quarter. Barclays PLC now owns 12,703 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 980 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Greene County Bancorp by 1.4% in 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 purchasing an additional 1,025 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Greene County Bancorp by 248.5% in 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 purchasing an additional 1,091 shares during the last quarter. Wells Fargo & Company MN increased its stake in Greene County Bancorp by 9.5% in the 4th 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 during the period. Finally, 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 valued at $42,000 after buying an additional 1,344 shares in the last quarter. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

Greene County Bancorp Trading Down 2.7 %

GCBC traded down $0.65 during trading on Friday, reaching $23.70. The company had a trading volume of 29,663 shares, compared to its average volume of 20,096. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.03. The business has a 50 day simple moving average of $26.54 and a 200-day simple moving average of $29.12. The stock has a market cap of $403.54 million, a P/E ratio of 15.29 and a beta of 0.43. Greene County Bancorp has a 52 week low of $23.70 and a 52 week high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last released 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 net margin of 21.02% and a return on equity of 12.55%. During the same period last year, the firm posted $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 paid a dividend of $0.09 per share. The ex-dividend date was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.52%. Greene County Bancorp’s dividend payout ratio is 23.23%.

Analyst Upgrades and Downgrades

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

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.