Greene County Bancorp (NASDAQ:GCBC) Stock: Insider Michelle Plummer Sells 10,000 Shares

Greene County Bancorp, Inc. (NASDAQ:GCBC – Get Free Report) Director Michelle Plummer sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $35.52, for a total transaction of $355,200.00. Following the completion of the transaction, the director directly owned 89,560 shares of the company’s stock, valued at $3,181,171.20. This trade represents a 10.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Greene County Bancorp Stock Up 0.8%

Greene County Bancorp stock traded up $0.29 during mid-day trading on Monday, reaching $36.42. 25,926 shares of the company were exchanged, compared to its average volume of 26,132. The business has a fifty day moving average of $34.97 and a 200 day moving average of $29.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $620.05 million, a P/E ratio of 13.90 and a beta of 0.52. Greene County Bancorp, Inc. has a 12-month low of $21.38 and a 12-month high of $37.25.

Greene County Bancorp (NASDAQ:GCBC – Get Free Report) last announced its earnings results on Thursday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 16.67% and a net margin of 30.24%. The business had revenue of $24.80 million for the quarter.

Greene County Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 13th. Greene County Bancorp’s dividend payout ratio is 16.79%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Greene County Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy”.

View Our Latest Research Report on Greene County Bancorp

Institutional Investors Weigh In On Greene County Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in Greene County Bancorp by 1.2% in the first quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust’s stock worth $968,000 after purchasing an additional 521 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Greene County Bancorp by 211.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,244 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 844 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 during the last quarter. Bank of America Corp DE lifted its holdings in shares of Greene County Bancorp by 5.2% during the 1st quarter. Bank of America Corp DE now owns 21,302 shares of the real estate investment trust’s stock valued at $477,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Greene County Bancorp by 2.6% during 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 last quarter. Hedge funds and other institutional investors own 13.39% of the company’s stock.

Greene County Bancorp Company Profile

(Get Free Report)

Greene County Bancorp, Inc is a bank holding company headquartered in Catskill, New York. Through its principal subsidiary, The Bank of Greene County, the company provides community banking services to individuals, families, businesses and nonprofit organizations.

The Bank of Greene County offers deposit products, residential and commercial real estate loans, consumer lending, business loans and other financial services. Its product offerings include checking and savings accounts, certificates of deposit, online and mobile banking, treasury management and investment-related services.

Founded in 1889, the bank has a long history of serving communities in New York’s Hudson Valley.

Further Reading

Insider Buying and Selling by Quarter for Greene County Bancorp (NASDAQ:GCBC)

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