Greene County Bancorp (NASDAQ:GCBC) Releases Earnings Results

Greene County Bancorp (NASDAQ:GCBC) issued its earnings results on Thursday. The real estate investment trust reported $0.67 EPS for the quarter, Zacks reports. The company had revenue of $24.98 million during the quarter. Greene County Bancorp had a return on equity of 15.90% and a net margin of 28.14%.

Greene County Bancorp Stock Up 1.0%

NASDAQ:GCBC opened at $33.00 on Friday. The business’s fifty day moving average price is $29.78 and its 200 day moving average price is $25.38. The firm has a market capitalization of $561.99 million, a price-to-earnings ratio of 13.69 and a beta of 0.40. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02. Greene County Bancorp has a 1-year low of $21.25 and a 1-year high of $36.02.

Greene County Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.11 per share. This is a positive change from Greene County Bancorp’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 14th. Greene County Bancorp’s dividend payout ratio is presently 17.47%.

Analysts Set New Price Targets

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 analyst has rated the stock with a Hold rating, According to MarketBeat, Greene County Bancorp currently has an average rating of “Hold”.

Insider Transactions 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 dated Thursday, June 11th. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John Brust purchased 2,041 shares of Greene County Bancorp stock in a transaction dated Tuesday, April 28th. The stock was bought at an average cost of $24.50 per share, with a total value of $50,004.50. Following the completion of the transaction, the director directly owned 6,221 shares of the company’s stock, valued at $152,414.50. This represents a 48.83% 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 the stock. Goldman Sachs Group Inc. grew its holdings in shares of Greene County Bancorp by 2.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock valued at $504,000 after acquiring an additional 500 shares in the last quarter. Jane Street Group LLC acquired a new stake in Greene County Bancorp during the first quarter valued at $296,000. Geode Capital Management LLC boosted its position in Greene County Bancorp by 3.0% during the second quarter. Geode Capital Management LLC now owns 169,308 shares of the real estate investment trust’s stock valued at $3,763,000 after purchasing an additional 4,985 shares during the last quarter. Rhumbline Advisers grew its stake 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 purchasing an additional 1,679 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in Greene County Bancorp in the second quarter valued at about $241,000. Institutional investors and hedge funds own 13.39% of the company’s stock.

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.