Greene County Bancorp (NASDAQ:GCBC) Sees Strong Trading Volume – Here’s What Happened

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) saw strong trading volume on Tuesday . 55,528 shares were traded during mid-day trading, an increase of 216% from the previous session’s volume of 17,566 shares.The stock last traded at $29.55 and had previously closed at $29.67.

Greene County Bancorp Stock Down 1.3 %

The stock has a market capitalization of $498.47 million, a price-to-earnings ratio of 20.23 and a beta of 0.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $30.40 and a 200 day moving average price of $31.37.

Greene County Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.23%. Greene County Bancorp’s dividend payout ratio (DPR) is presently 24.83%.

Insider Activity at Greene County Bancorp

In other Greene County Bancorp news, Director Tejraj S. Hada purchased 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of $28.00 per share, for a total transaction of $56,000.00. Following the acquisition, the director now owns 8,651 shares of the company’s stock, valued at approximately $242,228. This represents a 30.07 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nick Barzee acquired 892 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were bought at an average cost of $28.57 per share, for a total transaction of $25,484.44. Following the transaction, the chief financial officer now directly owns 900 shares in the company, valued at approximately $25,713. This represents a 11,150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Greene County Bancorp by 0.7% in the first quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust’s stock worth $10,428,000 after purchasing an additional 2,407 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Greene County Bancorp during the first quarter valued at $272,000. Bank of New York Mellon Corp increased its stake in Greene County Bancorp by 1.3% in 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 acquiring an additional 300 shares during the last quarter. FineMark National Bank & Trust purchased a new stake in shares of Greene County Bancorp in the 2nd quarter valued at about $229,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Greene County Bancorp by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the real estate investment trust’s stock valued at $2,182,000 after acquiring an additional 7,814 shares during the last quarter. 13.39% of the stock is owned by institutional investors.

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.