Greene County Bancorp (NASDAQ:GCBC) Issues Earnings Results

Greene County Bancorp (NASDAQ:GCBC) announced its earnings results on Thursday. The real estate investment trust reported $0.67 earnings per share for the quarter, Zacks reports. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.

Greene County Bancorp Stock Performance

Shares of GCBC stock traded up $0.03 during midday trading on Thursday, hitting $32.63. The company had a trading volume of 71,477 shares, compared to its average volume of 23,585. 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 has a 52-week low of $21.25 and a 52-week high of $36.02. The stock has a market cap of $555.59 million, a price-to-earnings ratio of 14.25 and a beta of 0.40. The company’s 50 day simple moving average is $29.46 and its 200 day simple moving average is $25.25.

Greene County Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.3%. This is a positive change from Greene County Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, August 14th. Greene County Bancorp’s payout ratio is currently 17.47%.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of 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, According to MarketBeat.com, the company has an average rating of “Hold”.

Insider Buying and Selling at Greene County Bancorp

In other news, Director John Brust bought 2,080 shares of Greene County Bancorp stock in a transaction on Monday, April 27th. The shares were bought at an average cost of $24.05 per share, for a total transaction of $50,024.00. Following the acquisition, the director owned 4,180 shares in the company, valued at approximately $100,529. This trade represents a 99.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michelle M. Plummer sold 10,000 shares of Greene County Bancorp stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the transaction, the director directly owned 99,560 shares in the company, valued at $2,864,341.20. This represents a 9.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 59.20% of the company’s stock.

Institutional Investors Weigh In On Greene County Bancorp

A number of large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Greene County Bancorp by 250.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets boosted its position in 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 valued at $42,000 after buying an additional 450 shares during the last quarter. Tower Research Capital LLC TRC boosted its position 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 purchasing 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 3rd quarter valued at $221,000. Finally, First Trust Advisors LP acquired a new stake in shares of Greene County Bancorp during the second quarter worth $241,000. Institutional investors and hedge funds own 13.39% of the company’s stock.

About Greene County Bancorp

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.