Greene County Bancorp, Inc. (NASDAQ:GCBC – Get Free Report) shares saw strong trading volume on Wednesday . Approximately 16,963 shares traded hands during mid-day trading, a decline of 17% from the previous session’s volume of 20,467 shares.The stock last traded at $34.34 and had previously closed at $33.10.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Get Our Latest Stock Report on GCBC
Greene County Bancorp Stock Up 1.2%
Greene County Bancorp (NASDAQ:GCBC – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 EPS for the quarter. Greene County Bancorp had a net margin of 27.28% and a return on equity of 15.41%. The business had revenue of $44.07 million during the quarter.
Greene County Bancorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, May 15th. Greene County Bancorp’s dividend payout ratio is 17.47%.
Insider Activity
In other Greene County Bancorp news, Director Michelle M. Plummer sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $28.77, for a total value of $287,700.00. Following the transaction, the director owned 99,560 shares in the company, valued at approximately $2,864,341.20. This represents a 9.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Brust acquired 2,041 shares of Greene County Bancorp stock in a transaction on Tuesday, April 28th. The stock was purchased at an average cost of $24.50 per share, with a total value of $50,004.50. Following the purchase, the director directly owned 6,221 shares of the company’s stock, valued at approximately $152,414.50. This trade represents a 48.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 59.20% of the company’s stock.
Institutional Investors Weigh In On Greene County Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of Greene County Bancorp by 5.2% in the 1st quarter. Bank of America Corp DE now owns 21,302 shares of the real estate investment trust’s stock worth $477,000 after purchasing an additional 1,046 shares in the last quarter. Renaissance Technologies LLC grew its position in Greene County Bancorp by 2.6% in the 1st quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust’s stock valued at $1,143,000 after purchasing an additional 1,300 shares during the period. Dimensional Fund Advisors LP increased its stake in Greene County Bancorp by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock valued at $2,076,000 after purchasing an additional 1,006 shares in the last quarter. Hsbc Holdings PLC increased its stake in Greene County Bancorp by 1.2% during the 1st quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust’s stock valued at $968,000 after purchasing an additional 521 shares in the last quarter. Finally, Covalent Partners LLC increased its stake in Greene County Bancorp by 37.9% during the 4th quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock valued at $1,400,000 after purchasing an additional 17,329 shares in the last quarter. Institutional investors own 13.39% of the company’s stock.
Greene County Bancorp Company Profile
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.
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