Greene County Bancorp (NASDAQ:GCBC) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Greene County Bancorp, Inc. (NASDAQ:GCBC) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $22.84 and traded as low as $22.67. Greene County Bancorp shares last traded at $22.82, with a volume of 10,269 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Greene County Bancorp in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Greene County Bancorp Stock Down 0.4%

The stock’s 50 day simple moving average is $22.84 and its two-hundred day simple moving average is $22.74. The firm has a market cap of $388.56 million, a P/E ratio of 10.66 and a beta of 0.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.63 and a quick ratio of 0.63.

Greene County Bancorp (NASDAQ:GCBC) last announced its earnings results on Wednesday, January 21st. The real estate investment trust reported $0.60 earnings per share for the quarter. Greene County Bancorp had a net margin of 26.03% and a return on equity of 15.01%. The business had revenue of $41.27 million during the quarter.

Greene County Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. Greene County Bancorp’s dividend payout ratio is presently 18.69%.

Insider Activity

In other news, CFO Nick Barzee purchased 1,280 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were purchased at an average price of $22.55 per share, for a total transaction of $28,864.00. Following the completion of the acquisition, the chief financial officer directly owned 4,520 shares in the company, valued at $101,926. This represents a 39.51% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter W. Hogan purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average price of $22.10 per share, for a total transaction of $66,300.00. Following the acquisition, the director owned 75,000 shares of the company’s stock, valued at approximately $1,657,500. The trade was a 4.17% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 11,580 shares of company stock worth $255,609. Corporate insiders own 59.20% of the company’s stock.

Institutional Investors Weigh In On Greene County Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its holdings in Greene County Bancorp by 4.6% in the fourth quarter. Hsbc Holdings PLC now owns 41,900 shares of the real estate investment trust’s stock worth $926,000 after purchasing an additional 1,827 shares during the last quarter. Covalent Partners LLC boosted its holdings in Greene County Bancorp by 37.9% in the fourth quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock worth $1,400,000 after purchasing an additional 17,329 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Greene County Bancorp by 18.3% in the fourth quarter. Wells Fargo & Company MN now owns 19,461 shares of the real estate investment trust’s stock worth $433,000 after purchasing an additional 3,012 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Greene County Bancorp by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 91,601 shares of the real estate investment trust’s stock worth $2,036,000 after purchasing an additional 5,396 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Greene County Bancorp by 26.8% in the fourth quarter. LPL Financial LLC now owns 42,892 shares of the real estate investment trust’s stock worth $953,000 after purchasing an additional 9,062 shares during the last quarter. Hedge funds and other institutional investors own 13.39% of the company’s stock.

About Greene County Bancorp

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.