Greene County Bancorp (NASDAQ:GCBC) Sees Large Volume Increase

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) saw unusually-high trading volume on Monday . Approximately 20,461 shares changed hands during mid-day trading, an increase of 21% from the previous session’s volume of 16,974 shares.The stock last traded at $31.91 and had previously closed at $33.71.

Greene County Bancorp Trading Down 3.3 %

The firm has a market capitalization of $555.18 million, a P/E ratio of 23.41 and a beta of 0.42. The stock’s 50-day simple moving average is $30.87 and its two-hundred day simple moving average is $28.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.66 and a quick ratio of 0.66.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings results on Tuesday, April 23rd. The real estate investment trust reported $0.34 earnings per share 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 business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Wednesday, May 15th were given 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 dividend payout ratio is 22.22%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Greene County Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC increased its stake in Greene County Bancorp by 77.1% in the 3rd quarter. Barclays PLC now owns 2,460 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 1,071 shares during the period. BNP Paribas Financial Markets increased its stake in 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 worth $123,000 after buying an additional 483 shares during the period. Stratos Wealth Partners LTD. purchased a new position in Greene County Bancorp in the 4th quarter worth about $222,000. Janus Henderson Group PLC purchased a new position in Greene County Bancorp in the 1st quarter worth about $272,000. Finally, Swiss National Bank purchased a new position in Greene County Bancorp in the 3rd quarter worth about $360,000. Hedge funds and other institutional investors own 13.39% of the company’s stock.

About Greene County Bancorp

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.