Greene County Bancorp (NASDAQ:GCBC) Sees Unusually-High Trading Volume – Here’s What Happened

Greene County Bancorp, Inc. (NASDAQ:GCBCGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 14,319 shares changed hands during trading, a decline of 37% from the previous session’s volume of 22,696 shares.The stock last traded at $32.4720 and had previously closed at $32.48.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on GCBC

Greene County Bancorp Trading Up 0.5%

The firm has a market capitalization of $555.77 million, a price-to-earnings ratio of 14.25 and a beta of 0.40. The business’s 50 day moving average price is $29.12 and its 200-day moving average price is $25.10. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.65 and a quick ratio of 0.65.

Greene County Bancorp (NASDAQ:GCBCGet Free Report) last announced its quarterly earnings data 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 firm had revenue of $44.07 million during the quarter.

Greene County Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid 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 at Greene County Bancorp

In related news, Director Michelle M. Plummer sold 10,000 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00. Following the transaction, the director owned 99,560 shares of the company’s stock, valued at $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 SEC, which is available at this link. Also, Director John Brust acquired 2,041 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was acquired at an average price of $24.50 per share, with a total value of $50,004.50. Following the transaction, the director directly owned 6,221 shares of the company’s stock, valued at $152,414.50. This represents a 48.83% increase in their position. The disclosure for this purchase is available in the SEC filing. 59.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Greene County Bancorp

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in shares of 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 during the period. Jane Street Group LLC acquired a new stake in shares of Greene County Bancorp in the first quarter valued at about $296,000. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 4,985 shares during the period. Rhumbline Advisers boosted its holdings in Greene County Bancorp by 17.7% during the second quarter. Rhumbline Advisers now owns 11,168 shares of the real estate investment trust’s stock worth $248,000 after buying an additional 1,679 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in Greene County Bancorp during the second quarter worth about $241,000. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

About Greene County Bancorp

(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.

Further Reading

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