Greene County Bancorp (NASDAQ:GCBC) Releases Earnings Results

Greene County Bancorp (NASDAQ:GCBCGet Free Report) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $24.98 million for the quarter. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.

Greene County Bancorp Trading Up 0.2%

Shares of GCBC opened at $32.67 on Friday. Greene County Bancorp has a 1 year low of $21.25 and a 1 year high of $36.02. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $29.61 and a 200-day simple moving average of $25.33. The stock has a market cap of $556.37 million, a PE ratio of 14.27 and a beta of 0.40.

Greene County Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a $0.11 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.3%. This is an increase from Greene County Bancorp’s previous quarterly dividend of $0.10. Greene County Bancorp’s dividend payout ratio is currently 17.47%.

Insider Activity at Greene County Bancorp

In related news, Director John Brust purchased 2,080 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were acquired at an average price of $24.05 per share, with a total value of $50,024.00. Following the purchase, the director directly owned 4,180 shares in the company, valued at $100,529. This represents a 99.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michelle M. Plummer sold 10,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the sale, the director owned 99,560 shares in the company, valued at $2,864,341.20. This trade represents a 9.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 59.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Greene County Bancorp

Several institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of Greene County Bancorp by 26.8% in the 4th quarter. LPL Financial LLC now owns 42,892 shares of the real estate investment trust’s stock worth $953,000 after acquiring an additional 9,062 shares in the last quarter. Bank of America Corp DE grew its position in Greene County Bancorp by 3.6% during the 3rd quarter. Bank of America Corp DE now owns 18,085 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 636 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Greene County Bancorp during the 3rd quarter valued at $790,000. Rhumbline Advisers increased its holdings in Greene County Bancorp by 17.7% during the 2nd quarter. Rhumbline Advisers now owns 11,168 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 1,679 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Greene County Bancorp in the 1st quarter valued at $296,000. 13.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

View Our Latest Stock Report on Greene County Bancorp

Greene County Bancorp Company Profile

(Get Free Report)

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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Earnings History for Greene County Bancorp (NASDAQ:GCBC)

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