Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Update

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 43,000 shares, a drop of 36.5% from the February 13th total of 67,700 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 24,100 shares, the days-to-cover ratio is presently 1.8 days.

Insider Activity

In related news, Director Jay P. Cahalan purchased 1,944 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $26.45 per share, with a total value of $51,418.80. Following the acquisition, the director now directly owns 29,324 shares in the company, valued at $775,619.80. The trade was a 7.10 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Greene County Bancorp

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Greene County Bancorp by 1.5% during the third quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust’s stock valued at $5,048,000 after buying an additional 2,458 shares during the last quarter. State Street Corp raised its position in shares of Greene County Bancorp by 9.0% during the third quarter. State Street Corp now owns 122,592 shares of the real estate investment trust’s stock valued at $3,788,000 after buying an additional 10,152 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Greene County Bancorp by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 75,670 shares of the real estate investment trust’s stock valued at $2,098,000 after buying an additional 1,025 shares during the last quarter. Northern Trust Corp raised its position in shares of Greene County Bancorp by 2.5% during the fourth quarter. Northern Trust Corp now owns 66,422 shares of the real estate investment trust’s stock valued at $1,841,000 after buying an additional 1,632 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Greene County Bancorp by 417.6% during the fourth quarter. LPL Financial LLC now owns 33,718 shares of the real estate investment trust’s stock valued at $935,000 after buying an additional 27,204 shares during the last quarter. Hedge funds and other institutional investors own 13.39% of the company’s stock.

Greene County Bancorp Stock Performance

Shares of GCBC traded down $0.65 on Friday, reaching $23.70. The company’s stock had a trading volume of 29,663 shares, compared to its average volume of 20,085. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $403.54 million, a P/E ratio of 15.29 and a beta of 0.43. The stock’s 50 day simple moving average is $26.47 and its two-hundred day simple moving average is $29.02. Greene County Bancorp has a 12-month low of $23.70 and a 12-month high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.55%. During the same quarter in the prior year, the company earned $0.34 EPS.

Greene County Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, February 14th. Greene County Bancorp’s dividend payout ratio is currently 23.23%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a report on Monday, February 17th.

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.