Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Update

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 43,000 shares, a decline of 36.5% from the February 13th total of 67,700 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 24,100 shares, the short-interest ratio is currently 1.8 days.

Insider Buying and Selling

In other Greene County Bancorp news, Director Jay P. Cahalan purchased 1,944 shares of Greene County Bancorp stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $26.45 per share, for a total transaction of $51,418.80. Following the completion of the transaction, the director now owns 29,324 shares of the company’s stock, valued at approximately $775,619.80. This trade represents a 7.10 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in Greene County Bancorp during the fourth quarter worth $39,000. Deutsche Bank AG boosted its stake in shares of Greene County Bancorp by 759.3% during the fourth quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,344 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Greene County Bancorp by 248.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 1,091 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Greene County Bancorp during the fourth quarter valued at $100,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Greene County Bancorp by 53.4% during the third quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 1,450 shares during the period. 13.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, February 17th.

Greene County Bancorp Trading Down 2.7 %

NASDAQ GCBC traded down $0.65 on Friday, hitting $23.70. 29,663 shares of the stock were exchanged, compared to its average volume of 20,085. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a fifty day moving average price of $26.47 and a two-hundred day moving average price of $29.02. The firm has a market capitalization of $403.54 million, a P/E ratio of 15.29 and a beta of 0.43. Greene County Bancorp has a 52-week low of $23.70 and a 52-week high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 EPS for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.55%. During the same quarter last year, the business earned $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, February 14th. Greene County Bancorp’s payout ratio is 23.23%.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.