Insider Buying: Greene County Bancorp (NASDAQ:GCBC) Director Acquires $28,665.00 in Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Christopher Cannucciari purchased 1,300 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average cost of $22.05 per share, for a total transaction of $28,665.00. Following the completion of the purchase, the director owned 4,378 shares in the company, valued at $96,534.90. This trade represents a 42.24% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Greene County Bancorp Trading Down 2.9%

Shares of Greene County Bancorp stock opened at $22.22 on Friday. Greene County Bancorp, Inc. has a 52 week low of $20.00 and a 52 week high of $26.26. The stock has a 50 day moving average price of $22.82 and a two-hundred day moving average price of $22.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.63 and a quick ratio of 0.63.

Greene County Bancorp (NASDAQ:GCBC) last issued its earnings results on Wednesday, January 21st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $22.22 million for the quarter. Greene County Bancorp had a return on equity of 15.01% and a net margin of 26.03%.

Greene County Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, February 13th. Greene County Bancorp’s dividend payout ratio (DPR) is currently 18.69%.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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, Greene County Bancorp currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Greene County Bancorp

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Greene County Bancorp in the 3rd quarter worth $790,000. Hsbc Holdings PLC boosted its holdings in Greene County Bancorp by 202.8% during the second quarter. Hsbc Holdings PLC now owns 37,029 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 24,800 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Greene County Bancorp in the 2nd quarter worth about $460,000. Covalent Partners LLC grew its position in Greene County Bancorp by 37.9% in the 4th quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock worth $1,400,000 after purchasing an additional 17,329 shares in the last quarter. Finally, Angel Oak Capital Advisors LLC increased its stake in Greene County Bancorp by 35.7% in the 2nd quarter. Angel Oak Capital Advisors LLC now owns 57,000 shares of the real estate investment trust’s stock valued at $1,267,000 after buying an additional 15,000 shares during the last quarter. 13.39% of the stock is owned by hedge funds and other institutional investors.

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.