Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Update

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 85,700 shares, a growth of 5.0% from the September 30th total of 81,600 shares. Based on an average daily trading volume, of 14,700 shares, the short-interest ratio is currently 5.8 days. Currently, 1.2% of the shares of the company are short sold.

Greene County Bancorp Price Performance

NASDAQ:GCBC traded up $0.01 during mid-day trading on Thursday, hitting $28.45. The company’s stock had a trading volume of 3,129 shares, compared to its average volume of 17,127. Greene County Bancorp has a fifty-two week low of $22.87 and a fifty-two week high of $37.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $484.42 million, a price-to-earnings ratio of 19.90 and a beta of 0.41. The stock has a fifty day moving average of $30.39 and a 200-day moving average of $31.06.

Greene County Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, November 15th. Greene County Bancorp’s dividend payout ratio (DPR) is presently 25.00%.

Insider Activity

In related news, CFO Nick Barzee acquired 892 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was acquired at an average price of $28.57 per share, with a total value of $25,484.44. Following the completion of the transaction, the chief financial officer now owns 900 shares of the company’s stock, valued at approximately $25,713. This represents a 11,100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC bought a new stake in Greene County Bancorp during the first quarter worth about $272,000. Dimensional Fund Advisors LP grew its stake in shares of Greene County Bancorp by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the real estate investment trust’s stock valued at $2,182,000 after purchasing an additional 7,814 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Greene County Bancorp during the second quarter valued at approximately $260,000. FineMark National Bank & Trust bought a new stake in shares of Greene County Bancorp during the second quarter valued at approximately $229,000. Finally, Vanguard Group Inc. grew its stake 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 purchasing an additional 2,407 shares during the last quarter. Institutional investors and hedge funds 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.