Greene County Bancorp (NASDAQ:GCBC) Director Sells $287,700.00 in Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Michelle 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 owned 99,560 shares in the company, valued at $2,864,341.20. This trade represents a 9.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Greene County Bancorp Stock Down 1.5%

GCBC stock opened at $28.39 on Thursday. Greene County Bancorp, Inc. has a fifty-two week low of $21.25 and a fifty-two week high of $30.70. The business’s 50 day moving average price is $25.15 and its two-hundred day moving average price is $23.69. 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 company has a market capitalization of $483.48 million, a price-to-earnings ratio of 12.40 and a beta of 0.44.

Greene County Bancorp (NASDAQ:GCBC) last posted its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.The firm had revenue of $44.07 million for the quarter.

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 issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. Greene County Bancorp’s dividend payout ratio is 17.47%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Greene County Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Greene County Bancorp has an average rating of “Hold”.

Institutional Investors Weigh In On Greene County Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in GCBC. Northwestern Mutual Wealth Management Co. grew its position in Greene County Bancorp by 250.0% in 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 period. BNP Paribas Financial Markets boosted its stake in shares of Greene County Bancorp by 31.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 450 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Greene County Bancorp by 658.6% in the 2nd 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 last quarter. Two Sigma Investments LP bought a new stake in shares of Greene County Bancorp in the third quarter worth $221,000. Finally, First Trust Advisors LP bought a new stake in shares of Greene County Bancorp in the second quarter worth $241,000. Hedge funds and other institutional investors own 13.39% of the company’s stock.

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.