Greene County Bancorp (NASDAQ:GCBC) Sees Large Volume Increase – Here’s Why

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares saw an uptick in trading volume on Monday . Approximately 33,399 shares changed hands during mid-day trading, an increase of 41% from the previous session’s volume of 23,609 shares.The stock last traded at $34.16 and had previously closed at $33.46.

Wall Street Analyst Weigh In

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 analyst has rated the stock with a Hold rating, According to MarketBeat.com, Greene County Bancorp presently has a consensus rating of “Hold”.

Greene County Bancorp Stock Performance

The stock has a market cap of $578.10 million, a price-to-earnings ratio of 14.09 and a beta of 0.39. 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 stock’s 50-day simple moving average is $30.65 and its two-hundred day simple moving average is $25.81.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter. The company had revenue of $24.98 million during the quarter. Greene County Bancorp had a net margin of 28.14% and a return on equity of 15.90%.

Greene County Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors 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 yield of 1.3%. The ex-dividend date is Friday, August 14th. This is a positive change from Greene County Bancorp’s previous quarterly dividend of $0.10. Greene County Bancorp’s dividend payout ratio is currently 16.60%.

Insider Activity

In related news, Director Michelle M. Plummer sold 10,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were 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 approximately $2,864,341.20. The trade was a 9.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 59.20% of the company’s stock.

Institutional Investors Weigh In On Greene County Bancorp

A number of institutional investors have recently added to or reduced their stakes in GCBC. Northwestern Mutual Wealth Management Co. increased its stake 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 acquiring an additional 1,000 shares during the period. BNP Paribas Financial Markets raised its holdings 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 acquiring an additional 450 shares in the last quarter. Tower Research Capital LLC TRC lifted 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 acquiring an additional 1,923 shares during the period. Two Sigma Investments LP bought a new stake in shares of Greene County Bancorp in the 3rd quarter worth approximately $221,000. Finally, First Trust Advisors LP acquired a new stake in shares of Greene County Bancorp during the 2nd quarter worth approximately $241,000. 13.39% of the stock is 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.