Greene County Bancorp, Inc. (NASDAQ:GCBC) CFO Nick Barzee Buys 840 Shares

Greene County Bancorp, Inc. (NASDAQ:GCBC) CFO Nick Barzee bought 840 shares of Greene County Bancorp stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $26.50 per share, for a total transaction of $22,260.00. Following the acquisition, the chief financial officer now owns 1,740 shares of the company’s stock, valued at $46,110. This represents a 93.33 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Greene County Bancorp Stock Performance

NASDAQ:GCBC opened at $26.30 on Tuesday. The stock has a market cap of $447.89 million, a PE ratio of 16.97 and a beta of 0.45. Greene County Bancorp, Inc. has a fifty-two week low of $24.10 and a fifty-two week high of $37.25. The firm’s fifty day simple moving average is $28.41 and its 200-day simple moving average is $30.33. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.14.

Greene County Bancorp (NASDAQ:GCBC) last posted its earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 12.72% and a net margin of 21.02%. During the same period last year, the company posted $0.34 EPS.

Greene County Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.37%. Greene County Bancorp’s dividend payout ratio (DPR) is 23.23%.

Analysts Set New Price Targets

Separately, StockNews.com cut Greene County Bancorp from a “hold” rating to a “sell” rating in a research note on Friday.

Institutional Investors Weigh In On Greene County Bancorp

Several hedge funds have recently modified their holdings of the stock. Stoneridge Investment Partners LLC acquired a new stake in shares of Greene County Bancorp in the 4th quarter valued at about $365,000. State Street Corp grew its position in Greene County Bancorp by 9.0% in the 3rd quarter. State Street Corp now owns 122,592 shares of the real estate investment trust’s stock worth $3,788,000 after purchasing an additional 10,152 shares during the last quarter. Barclays PLC increased its position in Greene County Bancorp by 370.0% in the 3rd quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock valued at $362,000 after acquiring an additional 9,229 shares during the period. Angel Oak Capital Advisors LLC bought a new stake in shares of Greene County Bancorp during the fourth quarter valued at about $222,000. Finally, Dimensional Fund Advisors LP grew its position in Greene County Bancorp by 13.7% in 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 buying an additional 7,814 shares in the last quarter. 13.39% of the stock is currently owned by hedge funds and other 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.