Greene County Bancorp (NASDAQ:GCBC) Posts Earnings Results

Greene County Bancorp (NASDAQ:GCBC) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.62 earnings per share for the quarter, Zacks reports. The firm had revenue of $23.89 million for the quarter. Greene County Bancorp had a net margin of 26.03% and a return on equity of 15.01%.

Greene County Bancorp Stock Down 1.3%

NASDAQ:GCBC opened at $22.75 on Thursday. The firm has a market capitalization of $387.43 million, a P/E ratio of 10.63 and a beta of 0.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.63 and a quick ratio of 0.63. The company’s fifty day moving average price is $22.80 and its 200-day moving average price is $22.78. Greene County Bancorp has a 1-year low of $20.72 and a 1-year high of $26.04.

Greene County Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.10 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. Greene County Bancorp’s dividend payout ratio is presently 18.69%.

Insider Activity

In other news, Director Tejraj S. Hada purchased 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were bought at an average price of $21.95 per share, for a total transaction of $87,800.00. Following the completion of the transaction, the director owned 35,427 shares in the company, valued at $777,622.65. This represents a 12.73% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Nick Barzee purchased 1,280 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average price of $22.55 per share, for a total transaction of $28,864.00. Following the transaction, the chief financial officer owned 4,520 shares of the company’s stock, valued at $101,926. This trade represents a 39.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 11,580 shares of company stock worth $255,609 in the last ninety days. Corporate insiders own 59.20% of the company’s stock.

Institutional Trading of Greene County Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in Greene County Bancorp by 31.1% during 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 buying an additional 450 shares during the period. Goldman Sachs Group Inc. grew its position in Greene County Bancorp by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 500 shares during the period. Bank of America Corp DE grew its position in Greene County Bancorp by 3.6% during the third quarter. Bank of America Corp DE now owns 18,085 shares of the real estate investment trust’s stock valued at $409,000 after buying an additional 636 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Greene County Bancorp by 250.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,000 shares during the period. Finally, Geode Capital Management LLC grew its position in Greene County Bancorp by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 170,538 shares of the real estate investment trust’s stock valued at $3,792,000 after buying an additional 1,276 shares during the period. Institutional investors and hedge funds own 13.39% of the company’s stock.

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.