Greene County Bancorp (NASDAQ:GCBC) Hits New 12-Month High – Here’s Why
by Scott Moore · The Cerbat GemGreene County Bancorp, Inc. (NASDAQ:GCBC – Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $29.40 and last traded at $29.4740, with a volume of 42036 shares trading hands. The stock had previously closed at $29.15.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Greene County Bancorp from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Greene County Bancorp presently has a consensus rating of “Hold”.
Get Our Latest Stock Report on GCBC
Greene County Bancorp Trading Up 1.5%
The stock has a market cap of $503.66 million, a P/E ratio of 12.91 and a beta of 0.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s fifty day moving average is $24.63 and its 200 day moving average is $23.50.
Greene County Bancorp (NASDAQ:GCBC – Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.The company had revenue of $44.07 million for the quarter.
Greene County Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. Greene County Bancorp’s payout ratio is currently 17.47%.
Insider Activity at Greene County Bancorp
In related news, Director Tejraj S. Hada purchased 4,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average cost of $21.95 per share, for a total transaction of $87,800.00. Following the completion of the transaction, the director directly owned 35,427 shares in the company, valued at $777,622.65. This represents a 12.73% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John Brust acquired 2,041 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were purchased at an average cost of $24.50 per share, with a total value of $50,004.50. Following the completion of the purchase, the director directly owned 6,221 shares of the company’s stock, valued at $152,414.50. This trade represents a 48.83% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have purchased 13,121 shares of company stock worth $298,109. Company insiders own 59.20% of the company’s stock.
Hedge Funds Weigh In On Greene County Bancorp
A number of large investors have recently made changes to their positions in GCBC. Goldman Sachs Group Inc. raised its position in Greene County Bancorp by 2.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock worth $504,000 after purchasing an additional 500 shares during the period. Jane Street Group LLC purchased a new position in shares of Greene County Bancorp during the first quarter valued at approximately $296,000. Geode Capital Management LLC grew its stake in shares of Greene County Bancorp by 3.0% during the second quarter. Geode Capital Management LLC now owns 169,308 shares of the real estate investment trust’s stock valued at $3,763,000 after buying an additional 4,985 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Greene County Bancorp by 17.7% in the second quarter. Rhumbline Advisers now owns 11,168 shares of the real estate investment trust’s stock worth $248,000 after buying an additional 1,679 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of Greene County Bancorp in the second quarter worth approximately $241,000. 13.39% of the stock is owned by hedge funds and other institutional investors.
About Greene County Bancorp
Greene County Bancorp, Inc is the bank holding company for Greene County Community Bank, a full-service commercial bank based in Waynesburg, Pennsylvania. The company traces its roots to the early 20th century and has cultivated a reputation for community-focused banking in Greene County and the surrounding region of southwestern Pennsylvania.
Through its subsidiary, the company offers a broad range of financial products and services, including personal and business deposit accounts, residential and commercial real estate loans, consumer installment loans, and agricultural financing.