Greene County Bancorp (NASDAQ:GCBC) Shares Gap Down to $30.15

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBCGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $30.15, but opened at $29.00. Greene County Bancorp shares last traded at $29.39, with a volume of 6,005 shares.

Greene County Bancorp Stock Performance

The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.17. The firm has a 50-day simple moving average of $29.99 and a two-hundred day simple moving average of $28.36. The company has a market capitalization of $502.90 million, a price-to-earnings ratio of 20.41 and a beta of 0.40.

Greene County Bancorp (NASDAQ:GCBCGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The real estate investment trust reported $0.34 EPS for the quarter. Greene County Bancorp had a return on equity of 12.86% and a net margin of 21.65%. The company had revenue of $15.71 million during the quarter.

Greene County Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a yield of 1.08%. Greene County Bancorp’s dividend payout ratio is 22.22%.

Insider Activity at Greene County Bancorp

In other news, Director Jay P. Cahalan sold 7,060 shares of Greene County Bancorp stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $31.65, for a total value of $223,449.00. Following the completion of the sale, the director now directly owns 27,380 shares of the company’s stock, valued at approximately $866,577. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GCBC. Barclays PLC lifted its holdings in Greene County Bancorp by 77.1% during the third quarter. Barclays PLC now owns 2,460 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 1,071 shares in the last quarter. Swiss National Bank acquired a new stake in shares of Greene County Bancorp in the 3rd quarter valued at about $360,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Greene County Bancorp in the 4th quarter valued at about $222,000. BNP Paribas Financial Markets raised its stake in shares of Greene County Bancorp by 12.7% in the 1st quarter. BNP Paribas Financial Markets now owns 4,272 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 483 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Greene County Bancorp by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust’s stock valued at $10,428,000 after purchasing an additional 2,407 shares during the period. 13.39% of the stock is currently owned by institutional investors.

About Greene County Bancorp

(Get Free Report)

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.

Further Reading

Receive News & Ratings for Greene County Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greene County Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.