Greene County Bancorp, Inc. (NASDAQ:GCBC – Get Free Report) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 147,180 shares, a growth of 138.8% from the June 15th total of 61,636 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average trading volume of 97,758 shares, the short-interest ratio is presently 1.5 days.
Greene County Bancorp Trading Up 0.7%
Shares of NASDAQ GCBC traded up $0.24 during midday trading on Wednesday, reaching $32.61. 20,164 shares of the stock were exchanged, compared to its average volume of 22,715. Greene County Bancorp has a 12 month low of $21.25 and a 12 month high of $36.02. The company has a market capitalization of $555.35 million, a price-to-earnings ratio of 14.24 and a beta of 0.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50-day simple moving average of $28.39 and a two-hundred day simple moving average of $24.81.
Greene County Bancorp (NASDAQ:GCBC – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.62 EPS for the quarter. The business had revenue of $44.07 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 Announces Dividend
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 investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Greene County Bancorp presently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on GCBC
Insiders Place Their Bets
In related news, Director John Brust purchased 2,080 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were bought 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 trade represents a 99.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Michelle M. Plummer sold 10,000 shares of Greene County Bancorp stock in a transaction 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 sale, the director directly owned 99,560 shares of the company’s stock, valued at approximately $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. Corporate insiders own 59.20% of the company’s stock.
Hedge Funds Weigh In On Greene County Bancorp
Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in Greene County Bancorp by 2.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock worth $504,000 after purchasing an additional 500 shares in the last quarter. Jane Street Group LLC bought a new position in Greene County Bancorp in the first quarter valued at approximately $296,000. Geode Capital Management LLC lifted its stake in Greene County Bancorp by 3.0% in the second quarter. Geode Capital Management LLC now owns 169,308 shares of the real estate investment trust’s stock valued at $3,763,000 after buying an additional 4,985 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Greene County Bancorp by 17.7% in the second quarter. Rhumbline Advisers now owns 11,168 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 1,679 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Greene County Bancorp in the second quarter valued at approximately $241,000. 13.39% of the stock is currently owned by institutional investors and hedge funds.
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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