Greene County Bancorp (NASDAQ:GCBC) Stock Passes Below 200-Day Moving Average – Here’s Why

Greene County Bancorp, Inc. (NASDAQ:GCBC) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $22.91 and traded as low as $21.38. Greene County Bancorp shares last traded at $22.02, with a volume of 6,888 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Greene County Bancorp in a research report on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Greene County Bancorp presently has a consensus rating of “Hold”.

Greene County Bancorp Trading Down 0.8%

The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $22.80 and a 200-day simple moving average of $22.91.

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

Greene County Bancorp Announces Dividend

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

Insiders Place Their Bets

In other news, CFO Nick Barzee bought 1,280 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average price of $22.55 per share, for a total transaction of $28,864.00. Following the completion of the transaction, the chief financial officer directly owned 4,520 shares in the company, valued at $101,926. The trade was a 39.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Christopher Cannucciari acquired 1,300 shares of Greene County Bancorp stock in a transaction on Monday, March 2nd. The stock was acquired at an average cost of $22.05 per share, for a total transaction of $28,665.00. Following the completion of the purchase, the director owned 4,378 shares of the company’s stock, valued at approximately $96,534.90. The trade was a 42.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 59.20% of the stock is currently owned by company insiders.

Institutional Trading of Greene County Bancorp

Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Greene County Bancorp by 250.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Greene County Bancorp by 31.1% in the second quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 450 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Greene County Bancorp by 658.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,923 shares in the last quarter. CWM LLC boosted its holdings in Greene County Bancorp by 35.9% during the third quarter. CWM LLC now owns 2,296 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 607 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in Greene County Bancorp during the third quarter worth $221,000. 13.39% of the stock is currently owned by institutional investors and hedge funds.

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.