Greene County Bancorp (NASDAQ:GCBC) Shares Gap Up to $30.57

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $30.57, but opened at $31.40. Greene County Bancorp shares last traded at $31.40, with a volume of 314 shares changing hands.

Greene County Bancorp Price Performance

The company has a market cap of $534.74 million, a PE ratio of 21.23 and a beta of 0.41. The stock has a fifty day moving average price of $32.53 and a 200-day moving average price of $30.49. 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 announced its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 12.84% and a net margin of 21.07%. The firm had revenue of $16.58 million during the quarter.

Greene County Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.15%. This is a positive change from Greene County Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, August 15th. Greene County Bancorp’s dividend payout ratio is 25.00%.

Insider Buying and Selling at Greene County Bancorp

In other news, CFO Michelle M. Plummer sold 3,154 shares of the firm’s 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 transaction, the chief financial officer now owns 118,726 shares in the company, valued at approximately $3,599,772.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Greene County Bancorp

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its position in shares of Greene County Bancorp by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 22,546 shares of the real estate investment trust’s stock worth $760,000 after buying an additional 300 shares during the period. BNP Paribas Financial Markets raised its stake in Greene County Bancorp by 12.7% during the first quarter. BNP Paribas Financial Markets now owns 4,272 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 483 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Greene County Bancorp by 0.7% during 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 acquiring an additional 2,407 shares during the period. FineMark National Bank & Trust bought a new position in shares of Greene County Bancorp during the second quarter valued at $229,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Greene County Bancorp in the 2nd quarter valued at $260,000. 13.39% of the stock is owned by institutional investors.

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.