Jay P. Cahalan Buys 1,944 Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Jay P. Cahalan acquired 1,944 shares of Greene County Bancorp stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $26.45 per share, with a total value of $51,418.80. Following the completion of the purchase, the director now directly owns 29,324 shares of the company’s stock, valued at $775,619.80. The trade was a 7.10 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Greene County Bancorp Price Performance

NASDAQ:GCBC opened at $26.46 on Wednesday. The stock has a market cap of $450.53 million, a P/E ratio of 17.07 and a beta of 0.45. Greene County Bancorp, Inc. has a one year low of $25.25 and a one year high of $37.25. The company has a fifty day moving average price of $26.93 and a 200 day moving average price of $29.41. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.63 and a quick ratio of 0.63.

Greene County Bancorp (NASDAQ:GCBC) last released its earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 EPS for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.55%. During the same quarter in the previous year, the company posted $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, February 14th. Greene County Bancorp’s payout ratio is currently 23.23%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, February 17th.

Hedge Funds Weigh In On Greene County Bancorp

Several large investors have recently bought and sold shares of GCBC. Barclays PLC increased its holdings in Greene County Bancorp by 8.4% in the 4th quarter. Barclays PLC now owns 12,703 shares of the real estate investment trust’s stock valued at $352,000 after buying an additional 980 shares during the period. Dimensional Fund Advisors LP increased its holdings in Greene County Bancorp by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 75,670 shares of the real estate investment trust’s stock valued at $2,098,000 after buying an additional 1,025 shares during the period. Tower Research Capital LLC TRC increased its holdings in Greene County Bancorp by 248.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,091 shares during the period. Wells Fargo & Company MN increased its holdings in Greene County Bancorp by 9.5% in the 4th quarter. Wells Fargo & Company MN now owns 12,883 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 1,114 shares during the period. Finally, Deutsche Bank AG increased its holdings in Greene County Bancorp by 759.3% in the 4th quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,344 shares during the period. 13.39% of the stock is currently owned by institutional investors and hedge funds.

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.