Greene County Bancorp (NASDAQ:GCBC) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.27 and traded as low as $21.50. Greene County Bancorp shares last traded at $21.76, with a volume of 15,162 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Greene County Bancorp in a research report on Monday, December 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Greene County Bancorp Trading Down 2.1%

The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $22.86 and its 200-day moving average is $23.29.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings data on Tuesday, October 21st. The real estate investment trust reported $0.52 earnings per share for the quarter. Greene County Bancorp had a return on equity of 14.44% and a net margin of 24.62%.The firm had revenue of $19.75 million during the quarter.

Greene County Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, November 14th. This represents a $0.40 annualized dividend and a yield of 1.8%. Greene County Bancorp’s payout ratio is 20.20%.

Insider Transactions at Greene County Bancorp

In other Greene County Bancorp news, EVP John Antalek bought 1,500 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $33,000.00. Following the purchase, the executive vice president directly owned 7,567 shares of the company’s stock, valued at $166,474. The trade was a 24.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tejraj S. Hada acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average price of $21.96 per share, with a total value of $65,880.00. Following the completion of the acquisition, the director directly owned 27,923 shares in the company, valued at approximately $613,189.08. This represents a 12.04% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 16,075 shares of company stock worth $358,148 in the last ninety days. Company insiders own 59.20% of the company’s stock.

Institutional Trading of Greene County Bancorp

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in Greene County Bancorp by 31.1% during 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Greene County Bancorp by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 500 shares during the last quarter. CWM LLC boosted its stake in Greene County Bancorp by 55.8% during the 2nd quarter. CWM LLC now owns 1,689 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 605 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Greene County Bancorp by 3.6% in the third quarter. Bank of America Corp DE now owns 18,085 shares of the real estate investment trust’s stock worth $409,000 after purchasing an additional 636 shares during the last quarter. Finally, Stoneridge Investment Partners LLC lifted its holdings in shares of Greene County Bancorp by 8.3% during the third quarter. Stoneridge Investment Partners LLC now owns 21,546 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 1,650 shares in the last quarter. 13.39% of the stock is owned by institutional investors.

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.