Greene County Bancorp, Inc. (NASDAQ:GCBC – Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $36.02 and last traded at $34.25, with a volume of 66827 shares trading hands. The stock had previously closed at $34.50.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Greene County Bancorp presently has an average rating of “Hold”.
Check Out Our Latest Report on Greene County Bancorp
Greene County Bancorp Price Performance
Greene County Bancorp (NASDAQ:GCBC – Get Free Report) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $44.07 million during the quarter. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.
Greene County Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. Greene County Bancorp’s payout ratio is 17.47%.
Insider Activity
In related news, Director Michelle M. Plummer sold 10,000 shares of the company’s 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Brust acquired 2,080 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was acquired at an average price of $24.05 per share, with a total value of $50,024.00. Following the completion of the transaction, the director directly owned 4,180 shares of the company’s stock, valued at $100,529. This trade represents a 99.05% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 59.20% of the company’s stock.
Hedge Funds Weigh In On Greene County Bancorp
Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of Greene County Bancorp by 250.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Greene County Bancorp by 31.1% in 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 last quarter. Tower Research Capital LLC TRC boosted its stake in Greene County Bancorp by 658.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,923 shares during the period. Two Sigma Investments LP purchased a new position in Greene County Bancorp during the third quarter worth about $221,000. Finally, First Trust Advisors LP acquired a new stake in shares of Greene County Bancorp during the second quarter valued at about $241,000. 13.39% of the stock is currently owned by hedge funds and other institutional investors.
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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