Insider Selling: Greene County Bancorp (NASDAQ:GCBC) Director Sells 10,000 Shares of Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Michelle Plummer sold 10,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 99,560 shares of the company’s stock, valued at $2,864,341.20. This represents 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 the SEC website.

Greene County Bancorp Stock Performance

Shares of GCBC traded down $0.39 during mid-day trading on Monday, hitting $29.78. The company’s stock had a trading volume of 15,750 shares, compared to its average volume of 13,242. Greene County Bancorp, Inc. has a one year low of $21.25 and a one year high of $30.70. 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 market capitalization of $507.22 million, a PE ratio of 12.85 and a beta of 0.44. The stock’s 50-day moving average is $24.78 and its two-hundred day moving average is $23.56.

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

Greene County Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, May 15th. Greene County Bancorp’s dividend payout ratio is currently 17.47%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Greene County Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its position in Greene County Bancorp by 5.2% in 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 purchasing an additional 1,046 shares during the period. Renaissance Technologies LLC lifted its position 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 worth $1,143,000 after purchasing an additional 1,300 shares during the period. Dimensional Fund Advisors LP lifted its position 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 worth $2,076,000 after purchasing an additional 1,006 shares during the period. Hsbc Holdings PLC lifted its position in Greene County Bancorp by 1.2% in the first quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust’s stock worth $968,000 after purchasing an additional 521 shares during the period. Finally, Covalent Partners LLC lifted its position 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 worth $1,400,000 after purchasing an additional 17,329 shares during the period. 13.39% of the stock is owned by institutional investors.

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.