Short Interest in Greene County Bancorp, Inc. (NASDAQ:GCBC) Drops By 7.7%

Greene County Bancorp, Inc. (NASDAQ:GCBC – Get Rating) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 33,400 shares, a drop of 7.7% from the January 31st total of 36,200 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 12,000 shares, the days-to-cover ratio is presently 2.8 days.

Greene County Bancorp Stock Up 0.4 %

Shares of GCBC stock opened at $55.00 on Wednesday. The company has a market cap of $468.22 million, a price-to-earnings ratio of 15.49 and a beta of 0.29. Greene County Bancorp has a 52 week low of $41.00 and a 52 week high of $79.79. The firm has a 50 day moving average of $26.42 and a 200-day moving average of $29.92.

Greene County Bancorp (NASDAQ:GCBC – Get Rating) last announced its quarterly earnings data on Friday, January 20th. The real estate investment trust reported $0.42 EPS for the quarter. Greene County Bancorp had a net margin of 36.35% and a return on equity of 18.82%. The company had revenue of $18.82 million during the quarter.

Greene County Bancorp Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 27th. Investors of record on Monday, February 13th were given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, February 10th. Greene County Bancorp’s payout ratio is currently 15.77%.

Insiders Place Their Bets

In other news, Director Jay P. Cahalan purchased 1,440 shares of the stock in a transaction on Tuesday, February 28th. The stock was purchased at an average price of $28.48 per share, for a total transaction of $41,004.00. Following the acquisition, the director now owns 27,380 shares in the company, valued at $779,645.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Tejraj S. Hada acquired 2,000 shares of Greene County Bancorp stock in a transaction dated Thursday, January 26th. The stock was bought at an average price of $23.18 per share, with a total value of $46,350.00. Following the transaction, the director now directly owns 2,408 shares in the company, valued at approximately $55,805.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay P. Cahalan acquired 1,440 shares of Greene County Bancorp stock in a transaction dated Tuesday, February 28th. The shares were bought at an average cost of $28.48 per share, with a total value of $41,004.00. Following the transaction, the director now owns 27,380 shares in the company, valued at $779,645.50. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 4,572 shares of company stock worth $114,522. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Greene County Bancorp

Several hedge funds have recently bought and sold shares of GCBC. Bank of New York Mellon Corp grew its position in Greene County Bancorp by 5.4% in the 1st quarter. Bank of New York Mellon Corp now owns 15,109 shares of the real estate investment trust’s stock valued at $675,000 after purchasing an additional 775 shares during the period. Citigroup Inc. acquired a new stake in Greene County Bancorp in the 1st quarter valued at $291,000. Dimensional Fund Advisors LP grew its position in Greene County Bancorp by 43.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 19,616 shares of the real estate investment trust’s stock valued at $879,000 after purchasing an additional 5,930 shares during the period. Vanguard Group Inc. grew its position in Greene County Bancorp by 19.0% in the 1st quarter. Vanguard Group Inc. now owns 144,536 shares of the real estate investment trust’s stock valued at $6,460,000 after purchasing an additional 23,121 shares during the period. Finally, Morgan Dempsey Capital Management LLC acquired a new stake in Greene County Bancorp in the 1st quarter valued at $1,297,000. Institutional investors and hedge funds own 12.98% of the company’s stock.

About Greene County Bancorp

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Greene County Bancorp, Inc operates as a bank holding company for Bank of Greene County. Its services include personal banking, checking accounts, savings accounts, loans, commercial lending, business accounts, municipal banking services and investment services. The company was founded in December 1998 and is headquartered in Catskill, NY.