Greene County Bancorp (NASDAQ:GCBC) Shares Gap Down – Time to Sell?

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $34.25, but opened at $31.60. Greene County Bancorp shares last traded at $31.82, with a volume of 1,278 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Greene County Bancorp Price Performance

The company has a 50 day simple moving average of $28.05 and a 200-day simple moving average of $24.67. The stock has a market cap of $546.15 million, a price-to-earnings ratio of 14.00 and a beta of 0.40. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02.

Greene County Bancorp (NASDAQ:GCBC) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 EPS for the quarter. The company had revenue of $44.07 million for the quarter. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.

Greene County Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 15th. Greene County Bancorp’s dividend payout ratio is currently 17.47%.

Insider Buying and Selling at Greene County Bancorp

In other Greene County Bancorp news, Director Michelle M. Plummer sold 10,000 shares of Greene County Bancorp stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the transaction, the director owned 99,560 shares of the company’s stock, valued at $2,864,341.20. The trade was a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Brust bought 2,080 shares of the stock in a transaction on Monday, April 27th. The shares were acquired at an average price of $24.05 per share, with a total value of $50,024.00. Following the purchase, the director owned 4,180 shares of the company’s stock, valued at $100,529. The trade was a 99.05% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 59.20% of the company’s stock.

Institutional Investors Weigh In On Greene County Bancorp

A number of institutional investors have recently modified their holdings of GCBC. Bank of America Corp DE raised its stake in Greene County Bancorp by 5.2% during the first quarter. Bank of America Corp DE now owns 21,302 shares of the real estate investment trust’s stock worth $477,000 after acquiring an additional 1,046 shares during the period. Renaissance Technologies LLC boosted its stake in Greene County Bancorp by 2.6% in the first quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust’s stock valued at $1,143,000 after acquiring an additional 1,300 shares during the period. Dimensional Fund Advisors LP boosted its stake in Greene County Bancorp by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock valued at $2,076,000 after acquiring an additional 1,006 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Greene County Bancorp by 1.2% during the first quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust’s stock valued at $968,000 after purchasing an additional 521 shares during the last quarter. Finally, Covalent Partners LLC grew its holdings in shares of Greene County Bancorp by 37.9% during the fourth quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock valued at $1,400,000 after purchasing an additional 17,329 shares during the last quarter. Institutional investors own 13.39% of the company’s stock.

About Greene County Bancorp

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.