Greene County Bancorp (NASDAQ:GCBC) Share Price Passes Above 50 Day Moving Average of $28.76

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC – Get Rating) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $28.76 and traded as high as $49.80. Greene County Bancorp shares last traded at $47.99, with a volume of 30,760 shares trading hands.

Greene County Bancorp Stock Performance

The stock has a market cap of $408.39 million, a price-to-earnings ratio of 13.52 and a beta of 0.29. The company has a 50-day moving average of $28.76 and a 200-day moving average of $30.84.

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

Greene County Bancorp Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 27th. Investors of record on Monday, February 13th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 10th. Greene County Bancorp’s dividend payout ratio (DPR) is 15.77%.

Insider Buying and Selling at Greene County Bancorp

In other news, Director Tejraj S. Hada bought 1,132 shares of Greene County Bancorp stock in a transaction on Friday, February 10th. The stock was purchased at an average cost of $24.00 per share, with a total value of $27,168.00. Following the purchase, the director now directly owns 3,540 shares of the company’s stock, valued at approximately $84,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Tejraj S. Hada acquired 1,132 shares of the business’s stock in a transaction dated Friday, February 10th. The stock was bought at an average price of $24.00 per share, for a total transaction of $27,168.00. Following the transaction, the director now owns 3,540 shares of the company’s stock, valued at $84,960. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Tejraj S. Hada purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, January 26th. The shares were acquired at an average cost of $23.18 per share, for a total transaction of $46,350.00. Following the completion of the transaction, the director now directly owns 2,408 shares of the company’s stock, valued at approximately $55,805.40. The disclosure for this purchase can be found here. Insiders have bought 4,572 shares of company stock worth $114,522 over the last quarter. 6.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Greene County Bancorp

A number of hedge funds have recently made changes to their positions in GCBC. Lazard Asset Management LLC bought a new position in Greene County Bancorp in the fourth quarter valued at approximately $27,000. Dorsey Wright & Associates bought a new stake in Greene County Bancorp in the 4th quarter valued at $28,000. Bank of America Corp DE grew its position in shares of Greene County Bancorp by 135.3% in the first quarter. Bank of America Corp DE now owns 680 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 391 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Greene County Bancorp by 8,562.5% in the second quarter. BNP Paribas Arbitrage SA now owns 693 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 685 shares during the period. Finally, Barclays PLC boosted its position in shares of Greene County Bancorp by 531.9% during the 4th quarter. Barclays PLC now owns 910 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 766 shares in the last quarter. 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.