Tejraj Hada Acquires 4,000 Shares of Greene County Bancorp (NASDAQ:GCBC) Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Tejraj Hada bought 4,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were bought at an average price of $21.95 per share, for a total transaction of $87,800.00. Following the completion of the acquisition, the director owned 35,427 shares in the company, valued at approximately $777,622.65. The trade was a 12.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Greene County Bancorp Stock Performance

Shares of GCBC stock traded up $0.02 during trading hours on Wednesday, reaching $21.75. The company had a trading volume of 25,990 shares, compared to its average volume of 11,648. Greene County Bancorp, Inc. has a 12-month low of $20.00 and a 12-month high of $26.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a fifty day moving average of $22.79 and a 200-day moving average of $22.85.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $0.60 EPS for the quarter. The firm had revenue of $41.27 million for the quarter. Greene County Bancorp had a return on equity of 15.01% and a net margin of 26.03%.

Greene County Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, February 13th. Greene County Bancorp’s payout ratio is currently 18.69%.

Institutional Trading of Greene County Bancorp

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in Greene County Bancorp by 31.1% in the second quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 450 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Greene County Bancorp by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock worth $504,000 after acquiring an additional 500 shares during the last quarter. CWM LLC increased its stake in Greene County Bancorp by 35.9% during the third quarter. CWM LLC now owns 2,296 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 607 shares during the last quarter. Bank of America Corp DE raised its position in Greene County Bancorp by 3.6% in the third quarter. Bank of America Corp DE now owns 18,085 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 636 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Greene County Bancorp by 250.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 13.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Greene County Bancorp in a research report on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc is the bank holding company for Greene County Community Bank, a full-service commercial bank based in Waynesburg, Pennsylvania. The company traces its roots to the early 20th century and has cultivated a reputation for community-focused banking in Greene County and the surrounding region of southwestern Pennsylvania.

Through its subsidiary, the company offers a broad range of financial products and services, including personal and business deposit accounts, residential and commercial real estate loans, consumer installment loans, and agricultural financing.