Greene County Bancorp, Inc. (NASDAQ:GCBC) Sees Large Increase in Short Interest

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 79,900 shares, a growth of 47.1% from the May 31st total of 54,300 shares. Based on an average daily trading volume, of 20,600 shares, the days-to-cover ratio is presently 3.9 days. Currently, 1.2% of the shares of the stock are sold short.

Insider Activity at Greene County Bancorp

In other Greene County Bancorp news, CFO Michelle M. Plummer sold 3,154 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $30.32, for a total transaction of $95,629.28. Following the completion of the sale, the chief financial officer now directly owns 118,726 shares of the company’s stock, valued at approximately $3,599,772.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Michelle M. Plummer sold 3,154 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $30.32, for a total value of $95,629.28. Following the completion of the sale, the chief financial officer now directly owns 118,726 shares of the company’s stock, valued at approximately $3,599,772.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jay P. Cahalan sold 7,060 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $31.65, for a total value of $223,449.00. Following the completion of the transaction, the director now owns 27,380 shares of the company’s stock, valued at $866,577. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Greene County Bancorp

Large investors have recently added to or reduced their stakes in the business. Barclays PLC increased its position in Greene County Bancorp by 77.1% during the 3rd quarter. Barclays PLC now owns 2,460 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 1,071 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Greene County Bancorp by 12.7% during the 1st quarter. BNP Paribas Financial Markets now owns 4,272 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 483 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Greene County Bancorp during the 4th quarter worth $222,000. Janus Henderson Group PLC acquired a new stake in shares of Greene County Bancorp during the 1st quarter worth $272,000. Finally, Swiss National Bank acquired a new stake in shares of Greene County Bancorp during the 3rd quarter worth $360,000. Institutional investors own 13.39% of the company’s stock.

Greene County Bancorp Stock Down 3.3 %

NASDAQ:GCBC traded down $1.11 during trading hours on Monday, reaching $32.60. 28,866 shares of the stock were exchanged, compared to its average volume of 17,041. Greene County Bancorp has a twelve month low of $22.33 and a twelve month high of $36.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a 50 day moving average of $30.87 and a 200 day moving average of $28.90. The stock has a market cap of $555.18 million, a PE ratio of 23.41 and a beta of 0.42.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 12.86% and a net margin of 21.65%. The company had revenue of $15.71 million for the quarter.

Greene County Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, May 14th. Greene County Bancorp’s dividend payout ratio (DPR) is presently 22.22%.

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.