Greene County Bancorp (NASDAQ:GCBC) Reaches New 52-Week High – Still a Buy?

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) reached a new 52-week high on Friday . The company traded as high as $29.40 and last traded at $29.4740, with a volume of 42036 shares traded. The stock had previously closed at $29.15.

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 note on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Greene County Bancorp Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a fifty day simple moving average of $24.63 and a 200 day simple moving average of $23.50. The company has a market capitalization of $503.66 million, a PE ratio of 12.91 and a beta of 0.44.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter. The business 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. Greene County Bancorp’s dividend payout ratio (DPR) is 17.47%.

Insider Activity

In other Greene County Bancorp news, Director Peter W. Hogan acquired 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were bought at an average cost of $22.10 per share, with a total value of $66,300.00. Following the completion of the acquisition, the director directly owned 75,000 shares in the company, valued at $1,657,500. This represents a 4.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Brust bought 2,041 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were bought at an average cost of $24.50 per share, for a total transaction of $50,004.50. Following the transaction, the director directly owned 6,221 shares in the company, valued at approximately $152,414.50. This represents a 48.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 13,121 shares of company stock worth $298,109. 59.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Greene County Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in GCBC. Vanguard Group Inc. raised its holdings in Greene County Bancorp by 1.3% in the third quarter. Vanguard Group Inc. now owns 369,486 shares of the real estate investment trust’s stock worth $8,350,000 after purchasing an additional 4,650 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Greene County Bancorp by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 170,538 shares of the real estate investment trust’s stock worth $3,792,000 after acquiring an additional 1,276 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Greene County Bancorp by 1.1% during 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 last quarter. Goldman Sachs Group Inc. lifted its position in Greene County Bancorp by 14.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 66,370 shares of the real estate investment trust’s stock valued at $1,475,000 after acquiring an additional 8,313 shares during the last quarter. Finally, Covalent Partners LLC boosted its stake in Greene County Bancorp by 37.9% in 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 acquiring an additional 17,329 shares in the last quarter. Hedge funds and other 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.