Greene County Bancorp (NASDAQ:GCBC) Shares Gap Up to $30.57

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $30.57, but opened at $31.40. Greene County Bancorp shares last traded at $31.40, with a volume of 314 shares traded.

Greene County Bancorp Trading Up 2.7 %

The firm’s 50 day simple moving average is $32.53 and its 200-day simple moving average is $30.49. The company has a market capitalization of $534.74 million, a PE ratio of 21.23 and a beta of 0.41. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.17.

Greene County Bancorp (NASDAQ:GCBC) last issued its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.40 earnings per share for the quarter. The company had revenue of $16.58 million during the quarter. Greene County Bancorp had a return on equity of 12.84% and a net margin of 21.07%.

Greene County Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were given a $0.09 dividend. This is a boost from Greene County Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Thursday, August 15th. Greene County Bancorp’s dividend payout ratio is presently 25.00%.

Insider Buying and Selling at Greene County Bancorp

In other news, CFO Michelle M. Plummer sold 3,154 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were 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 owns 118,726 shares of the company’s stock, valued at $3,599,772.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Greene County Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in GCBC. Janus Henderson Group PLC acquired a new stake in Greene County Bancorp during the first quarter worth about $272,000. FineMark National Bank & Trust bought a new stake in shares of Greene County Bancorp in the 2nd quarter worth approximately $229,000. Vanguard Group Inc. boosted its position in Greene County Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust’s stock valued at $10,428,000 after purchasing an additional 2,407 shares during the period. BNP Paribas Financial Markets grew its stake in 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 buying an additional 483 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Greene County Bancorp in the second quarter worth $260,000. 13.39% of the stock is owned by institutional investors and hedge funds.

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.