Greene County Bancorp (NASDAQ:GCBC) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $24.25 and traded as high as $28.44. Greene County Bancorp shares last traded at $28.21, with a volume of 42,084 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Greene County Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Greene County Bancorp presently has an average rating of “Hold”.

Greene County Bancorp Price Performance

The stock has a fifty day moving average of $24.25 and a two-hundred day moving average of $23.36. The stock has a market capitalization of $480.42 million, a price-to-earnings ratio of 12.32 and a beta of 0.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.The firm had revenue of $44.07 million during the quarter.

Greene County Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, May 15th. Greene County Bancorp’s dividend payout ratio (DPR) is currently 17.47%.

Insider Buying and Selling at Greene County Bancorp

In other news, Director John Brust acquired 2,080 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were purchased at an average cost of $24.05 per share, for a total transaction of $50,024.00. Following the transaction, the director owned 4,180 shares of the company’s stock, valued at approximately $100,529. This represents a 99.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter W. Hogan acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was purchased at an average price of $22.10 per share, for a total transaction of $66,300.00. Following the completion of the transaction, the director directly owned 75,000 shares in the company, valued at approximately $1,657,500. The trade was a 4.17% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have bought 13,121 shares of company stock worth $298,109. Insiders own 59.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position 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 buying an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets grew its stake 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 purchasing an additional 450 shares during the period. Tower Research Capital LLC TRC grew its stake 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 purchasing an additional 1,923 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Greene County Bancorp during the third quarter worth $221,000. Finally, First Trust Advisors LP acquired a new stake in shares of Greene County Bancorp during the second quarter worth $241,000. 13.39% of the stock is currently owned by 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.