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

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 94,400 shares, a growth of 30.0% from the October 31st total of 72,600 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 14,300 shares, the days-to-cover ratio is currently 6.6 days.

Greene County Bancorp Stock Up 0.2 %

GCBC opened at $30.42 on Monday. Greene County Bancorp has a 12 month low of $23.51 and a 12 month high of $37.25. The company has a market cap of $518.05 million, a PE ratio of 20.98 and a beta of 0.42. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average of $30.42 and a 200 day moving average of $31.39.

Greene County Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, November 15th. Greene County Bancorp’s dividend payout ratio (DPR) is presently 24.83%.

Insider Buying and Selling

In other Greene County Bancorp news, CFO Nick Barzee bought 892 shares of the business’s stock in a transaction on Friday, October 25th. The stock was purchased at an average price of $28.57 per share, for a total transaction of $25,484.44. Following the completion of the transaction, the chief financial officer now directly owns 900 shares of the company’s stock, valued at $25,713. This trade represents a 11,150.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Tejraj S. Hada bought 2,000 shares of Greene County Bancorp stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of $28.00 per share, with a total value of $56,000.00. Following the purchase, the director now directly owns 8,651 shares of the company’s stock, valued at approximately $242,228. This represents a 30.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by insiders.

Institutional Trading of Greene County Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in GCBC. BNP Paribas Financial Markets grew its holdings in Greene County Bancorp by 53.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 1,450 shares in the last quarter. FineMark National Bank & Trust bought a new position in shares of Greene County Bancorp in the second quarter valued at approximately $229,000. Renaissance Technologies LLC purchased a new position in Greene County Bancorp during the second quarter valued at approximately $260,000. Janus Henderson Group PLC bought a new stake in Greene County Bancorp during the 1st quarter worth approximately $272,000. Finally, Barclays PLC lifted its stake in Greene County Bancorp by 370.0% in the 3rd quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 9,229 shares in the last quarter. 13.39% of the stock is currently owned by institutional investors.

About Greene County Bancorp

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.