Millennium Management LLC Invests $403,000 in Greene County Bancorp, Inc. (NASDAQ:GCBC)

Millennium Management LLC bought a new position in Greene County Bancorp, Inc. (NASDAQ:GCBC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,523 shares of the real estate investment trust’s stock, valued at approximately $403,000. Millennium Management LLC owned 0.09% of Greene County Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GCBC. Deutsche Bank AG boosted its holdings in shares of Greene County Bancorp by 759.3% in the 4th quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,344 shares during the last quarter. Citadel Advisors LLC lifted its holdings in Greene County Bancorp by 27.9% in the 4th quarter. Citadel Advisors LLC now owns 29,832 shares of the real estate investment trust’s stock worth $827,000 after buying an additional 6,499 shares in the last quarter. Bank of America Corp DE increased its position in shares of Greene County Bancorp by 26.0% in the 4th quarter. Bank of America Corp DE now owns 7,010 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 1,447 shares during the last quarter. Northern Trust Corp increased its position in shares of Greene County Bancorp by 2.5% in the 4th quarter. Northern Trust Corp now owns 66,422 shares of the real estate investment trust’s stock worth $1,841,000 after purchasing an additional 1,632 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Greene County Bancorp by 248.5% in 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 purchasing an additional 1,091 shares during the last quarter. 13.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Greene County Bancorp Trading Up 1.9%

Greene County Bancorp stock opened at $22.21 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $22.07 and a two-hundred day moving average price of $25.33. The firm has a market capitalization of $378.24 million, a price-to-earnings ratio of 14.33 and a beta of 0.49. Greene County Bancorp, Inc. has a 52-week low of $20.00 and a 52-week high of $37.25.

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

Greene County Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, May 16th. Greene County Bancorp’s dividend payout ratio is presently 21.43%.

Insider Activity at Greene County Bancorp

In other Greene County Bancorp news, Director Tejraj S. Hada bought 6,612 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average cost of $22.95 per share, with a total value of $151,745.40. Following the completion of the purchase, the director now directly owns 22,318 shares in the company, valued at approximately $512,198.10. This trade represents a 42.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Nick Barzee purchased 1,500 shares of the business’s stock in a transaction dated Friday, April 25th. The shares were purchased at an average price of $21.50 per share, for a total transaction of $32,250.00. Following the acquisition, the chief financial officer now directly owns 3,240 shares of the company’s stock, valued at $69,660. This trade represents a 86.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 15,500 shares of company stock valued at $356,630 over the last ninety days. 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.