BlackRock Inc. Acquires New Shares in Greene County Bancorp, Inc. $GCBC

BlackRock Inc. acquired a new position in shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 667,689 shares of the real estate investment trust’s stock, valued at approximately $22,428,000.

A number of other institutional investors also recently bought and sold shares of GCBC. Deutsche Bank AG purchased a new stake in Greene County Bancorp during the second quarter worth $233,000. Bank of New York Mellon Corp acquired a new position in shares of Greene County Bancorp during the 2nd quarter worth $959,000. GSA Capital Partners LLP acquired a new position in shares of Greene County Bancorp during the 2nd quarter worth $297,000. Bank of America Corp DE boosted its position in shares of Greene County Bancorp by 5.2% in the 1st quarter. Bank of America Corp DE now owns 21,302 shares of the real estate investment trust’s stock worth $477,000 after buying an additional 1,046 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Greene County Bancorp by 2.6% in the 1st quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust’s stock worth $1,143,000 after buying an additional 1,300 shares in the last quarter. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Greene County Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Greene County Bancorp Trading Up 1.3%

Shares of Greene County Bancorp stock opened at $34.74 on Thursday. Greene County Bancorp, Inc. has a 1 year low of $21.25 and a 1 year high of $36.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50 day moving average price of $33.84 and a 200 day moving average price of $27.69. The company has a market capitalization of $591.62 million, a P/E ratio of 14.41 and a beta of 0.39.

Greene County Bancorp (NASDAQ:GCBC) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.67 EPS for the quarter. The firm had revenue of $24.98 million for the quarter. Greene County Bancorp had a return on equity of 15.90% and a net margin of 28.14%.

Greene County Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were given a $0.11 dividend. This is an increase from Greene County Bancorp’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 14th. Greene County Bancorp’s dividend payout ratio (DPR) is currently 18.26%.

Insider Activity at Greene County Bancorp

In related news, Director Michelle M. Plummer sold 10,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $28.77, for a total transaction of $287,700.00. Following the sale, the director owned 99,560 shares of the company’s stock, valued at $2,864,341.20. This trade represents a 9.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 59.20% of the stock is currently owned by insiders.

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.