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

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 79,900 shares, a growth of 47.1% from the May 31st total of 54,300 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 20,600 shares, the short-interest ratio is currently 3.9 days.

Greene County Bancorp Stock Down 3.3 %

Shares of NASDAQ:GCBC traded down $1.11 during trading on Monday, hitting $32.60. The company’s stock had a trading volume of 28,866 shares, compared to its average volume of 17,041. The business has a 50 day moving average price of $30.87 and a two-hundred day moving average price of $28.90. The company has a market capitalization of $555.18 million, a PE ratio of 23.41 and a beta of 0.42. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.66 and a current ratio of 0.66. Greene County Bancorp has a fifty-two week low of $22.33 and a fifty-two week high of $36.78.

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

Greene County Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.98%. Greene County Bancorp’s payout ratio is currently 22.22%.

Insider Activity

In other Greene County Bancorp news, CFO Michelle M. Plummer sold 3,154 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $30.32, for a total value of $95,629.28. Following the transaction, the chief financial officer now directly owns 118,726 shares of the company’s stock, valued at approximately $3,599,772.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jay P. Cahalan sold 7,060 shares of Greene County Bancorp stock in a transaction that occurred on Wednesday, May 15th. The shares were 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 owns 27,380 shares in the company, valued at approximately $866,577. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michelle M. Plummer sold 3,154 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $30.32, for a total transaction of $95,629.28. Following the completion of the transaction, the chief financial officer now owns 118,726 shares of the company’s stock, valued at approximately $3,599,772.32. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Greene County Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC purchased a new stake in Greene County Bancorp in the first quarter valued at $272,000. Vanguard Group Inc. raised its holdings in shares of Greene County Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust’s stock valued at $10,428,000 after buying an additional 2,407 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Greene County Bancorp by 12.7% in the first quarter. BNP Paribas Financial Markets now owns 4,272 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 483 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Greene County Bancorp in the fourth quarter valued at about $222,000. Finally, Swiss National Bank purchased a new stake in shares of Greene County Bancorp in the third quarter valued at about $360,000. Institutional investors and hedge funds own 13.39% of the company’s stock.

Greene County Bancorp Company Profile

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.