Greene County Bancorp, Inc. (NASDAQ:GCBC) Sees Significant Increase in Short Interest

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 44,019 shares, an increase of 24.1% from the February 26th total of 35,470 shares. Based on an average trading volume of 9,158 shares, the short-interest ratio is currently 4.8 days. Currently, 0.6% of the shares of the company are short sold.

Greene County Bancorp Stock Performance

Shares of NASDAQ GCBC traded up $0.50 during mid-day trading on Wednesday, reaching $22.91. 2,643 shares of the company were exchanged, compared to its average volume of 12,582. The company’s 50-day simple moving average is $22.82 and its 200-day simple moving average is $22.77. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $390.09 million, a P/E ratio of 10.71 and a beta of 0.41. Greene County Bancorp has a twelve month low of $20.00 and a twelve month high of $26.04.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings results on Wednesday, January 21st. The real estate investment trust reported $0.60 EPS for the quarter. The business had revenue of $41.27 million for the quarter. Greene County Bancorp had a net margin of 26.03% and a return on equity of 15.01%.

Greene County Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. Greene County Bancorp’s dividend payout ratio is presently 18.69%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 presently has a consensus rating of “Hold”.

Insider Activity

In other news, Director Christopher Cannucciari bought 1,300 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were bought at an average cost of $22.05 per share, with a total value of $28,665.00. Following the acquisition, the director owned 4,378 shares in the company, valued at $96,534.90. This trade represents a 42.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tejraj S. Hada bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average price of $21.95 per share, with a total value of $87,800.00. Following the completion of the purchase, the director directly owned 35,427 shares in the company, valued at $777,622.65. The trade was a 12.73% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 11,580 shares of company stock valued at $255,609 over the last quarter. 59.20% of the stock is currently owned by company insiders.

Institutional Trading of Greene County Bancorp

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in Greene County Bancorp by 250.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,400 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 1,000 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Greene County Bancorp by 31.1% during the second quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 450 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Greene County Bancorp by 658.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,923 shares in the last quarter. CWM LLC boosted its position in shares of Greene County Bancorp by 35.9% in the third quarter. CWM LLC now owns 2,296 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 607 shares during the period. Finally, Two Sigma Investments LP bought a new stake in shares of Greene County Bancorp in the third quarter valued at about $221,000. 13.39% of the stock is owned by institutional investors and hedge funds.

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.