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

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 37,344 shares, a decrease of 35.6% from the December 15th total of 58,028 shares. Based on an average daily trading volume, of 15,100 shares, the days-to-cover ratio is currently 2.5 days. Based on an average daily trading volume, of 15,100 shares, the days-to-cover ratio is currently 2.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Greene County Bancorp in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Greene County Bancorp has an average rating of “Hold”.

Insider Activity at Greene County Bancorp

In related news, Director Jay P. Cahalan acquired 4,300 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was bought at an average cost of $22.73 per share, with a total value of $97,739.00. Following the acquisition, the director owned 35,424 shares of the company’s stock, valued at approximately $805,187.52. The trade was a 13.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tejraj S. Hada acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were purchased at an average cost of $21.96 per share, for a total transaction of $65,880.00. Following the completion of the acquisition, the director owned 27,923 shares in the company, valued at $613,189.08. This represents a 12.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 16,075 shares of company stock worth $358,148. Company insiders own 59.20% of the company’s stock.

Hedge Funds Weigh In On Greene County Bancorp

Several institutional investors have recently bought and sold shares of GCBC. Bank of America Corp DE boosted its stake in 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 valued at $409,000 after acquiring an additional 636 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Greene County Bancorp during the third quarter worth approximately $790,000. Two Sigma Investments LP acquired a new stake in shares of Greene County Bancorp in the third quarter valued at about $221,000. BNP Paribas Financial Markets boosted its stake in shares of Greene County Bancorp by 67.9% in the third quarter. BNP Paribas Financial Markets now owns 3,186 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 1,289 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Greene County Bancorp by 8.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 86,205 shares of the real estate investment trust’s stock valued at $1,948,000 after acquiring an additional 6,830 shares in the last quarter. 13.39% of the stock is owned by hedge funds and other institutional investors.

Greene County Bancorp Stock Down 1.2%

Shares of GCBC traded down $0.27 on Friday, reaching $22.45. The company’s stock had a trading volume of 10,313 shares, compared to its average volume of 11,382. The stock’s 50 day simple moving average is $22.86 and its two-hundred day simple moving average is $23.27. Greene County Bancorp has a 12-month low of $20.00 and a 12-month high of $27.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65.

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

Greene County Bancorp Announces Dividend

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

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.