BNP Paribas Financial Markets Cuts Position in Greene County Bancorp, Inc. (NASDAQ:GCBC)

BNP Paribas Financial Markets lessened its holdings in Greene County Bancorp, Inc. (NASDAQ:GCBC) by 62.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,567 shares of the real estate investment trust’s stock after selling 2,598 shares during the period. BNP Paribas Financial Markets’ holdings in Greene County Bancorp were worth $43,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GCBC. KLP Kapitalforvaltning AS purchased a new position in shares of Greene County Bancorp in the 4th quarter valued at about $39,000. Tower Research Capital LLC TRC increased its stake in Greene County Bancorp by 248.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 1,091 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Greene County Bancorp during the 4th quarter worth approximately $100,000. Angel Oak Capital Advisors LLC purchased a new stake in Greene County Bancorp during the 4th quarter worth approximately $222,000. Finally, Marshall Wace LLP purchased a new stake in Greene County Bancorp during the 4th quarter worth approximately $286,000. Hedge funds and other institutional investors own 13.39% of the company’s stock.

Greene County Bancorp Price Performance

NASDAQ:GCBC opened at $21.99 on Wednesday. Greene County Bancorp, Inc. has a 12 month low of $20.00 and a 12 month high of $37.25. The stock has a 50 day moving average of $22.22 and a two-hundred day moving average of $25.65. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03. The firm has a market cap of $374.49 million, a P/E ratio of 14.19 and a beta of 0.52.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $0.47 EPS for the quarter. Greene County Bancorp had a return on equity of 12.55% and a net margin of 21.02%. The company had revenue of $20.07 million during the quarter.

Greene County Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.64%. Greene County Bancorp’s dividend payout ratio (DPR) is presently 21.43%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Greene County Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 26th.

Insider Activity

In related news, CFO Nick Barzee purchased 1,500 shares of the company’s stock in a transaction dated Friday, April 25th. The stock was acquired at an average cost of $21.50 per share, for a total transaction of $32,250.00. Following the completion of the transaction, the chief financial officer now directly owns 3,240 shares of the company’s stock, valued at approximately $69,660. This trade represents a 86.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Tejraj S. Hada purchased 7,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was bought at an average price of $23.39 per share, with a total value of $163,730.00. Following the completion of the transaction, the director now directly owns 15,706 shares of the company’s stock, valued at approximately $367,363.34. This represents a 80.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 15,500 shares of company stock worth $356,630 over the last ninety days. Corporate insiders own 5.10% of the company’s stock.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.