Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Up 138.8% in June

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 147,180 shares, a growth of 138.8% from the June 15th total of 61,636 shares. Based on an average trading volume of 97,758 shares, the short-interest ratio is currently 1.5 days. Approximately 2.1% of the shares of the stock are short sold.

Greene County Bancorp Trading Down 0.2%

NASDAQ:GCBC traded down $0.07 during midday trading on Tuesday, reaching $32.77. 2,587 shares of the stock traded hands, compared to its average volume of 22,567. The company has a fifty day moving average of $28.22 and a 200 day moving average of $24.75. Greene County Bancorp has a 12 month low of $21.25 and a 12 month high of $36.02. The stock has a market capitalization of $558.14 million, a P/E ratio of 14.29 and a beta of 0.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65.

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

Greene County Bancorp Announces Dividend

The firm also recently declared 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 1.2%. Greene County Bancorp’s dividend payout ratio is presently 17.47%.

Insider Buying and Selling

In other Greene County Bancorp news, Director Michelle M. Plummer sold 10,000 shares of Greene County Bancorp stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $28.77, for a total transaction of $287,700.00. Following the transaction, the director directly owned 99,560 shares of the company’s stock, valued at approximately $2,864,341.20. This trade represents a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Brust acquired 2,080 shares of the business’s stock in a transaction dated Monday, April 27th. The stock was acquired at an average cost of $24.05 per share, with a total value of $50,024.00. Following the purchase, the director directly owned 4,180 shares in the company, valued at $100,529. This represents a 99.05% increase in their position. The disclosure for this purchase is available in the SEC filing. 59.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Greene County Bancorp

A number of large investors have recently made changes to their positions in GCBC. Goldman Sachs Group Inc. increased its stake in shares of 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 valued at $504,000 after buying an additional 500 shares during the period. Jane Street Group LLC purchased a new stake in Greene County Bancorp in the first quarter worth $296,000. Geode Capital Management LLC lifted its stake in Greene County Bancorp by 3.0% in the second quarter. Geode Capital Management LLC now owns 169,308 shares of the real estate investment trust’s stock worth $3,763,000 after acquiring an additional 4,985 shares during the period. Rhumbline Advisers boosted its holdings in Greene County Bancorp by 17.7% in the second quarter. Rhumbline Advisers now owns 11,168 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 1,679 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in Greene County Bancorp in the second quarter valued at $241,000. 13.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded 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 MarketBeat.com, Greene County Bancorp currently 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.