Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Up 42.8% in February

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 67,700 shares, a growth of 42.8% from the January 31st total of 47,400 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 23,000 shares, the days-to-cover ratio is presently 2.9 days.

Wall Street Analyst Weigh In

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

Insider Activity

In other Greene County Bancorp news, Director Jay P. Cahalan purchased 1,944 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $26.45 per share, for a total transaction of $51,418.80. Following the completion of the acquisition, the director now owns 29,324 shares of the company’s stock, valued at $775,619.80. This represents a 7.10 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Greene County Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in Greene County Bancorp during the fourth quarter valued at about $39,000. Deutsche Bank AG increased its stake in Greene County Bancorp by 759.3% during the fourth quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,344 shares during the period. Tower Research Capital LLC TRC increased its stake in Greene County Bancorp by 248.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,091 shares during the period. SG Americas Securities LLC bought a new position in Greene County Bancorp during the fourth quarter valued at about $100,000. Finally, BNP Paribas Financial Markets increased its stake in Greene County Bancorp by 53.4% during the third quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 1,450 shares during the period. 13.39% of the stock is currently owned by institutional investors.

Greene County Bancorp Stock Up 0.8 %

Shares of NASDAQ:GCBC traded up $0.21 on Tuesday, reaching $26.46. The company had a trading volume of 44,730 shares, compared to its average volume of 23,610. Greene County Bancorp has a twelve month low of $25.25 and a twelve month high of $37.25. The stock has a 50-day moving average price of $26.93 and a 200 day moving average price of $29.41. The stock has a market capitalization of $450.53 million, a P/E ratio of 17.07 and a beta of 0.45. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.03.

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

Greene County Bancorp Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 annualized dividend and a yield of 1.36%. Greene County Bancorp’s dividend payout ratio is 23.23%.

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.