Greene County Bancorp, Inc. (NASDAQ:GCBC) Sees Significant Decrease in Short Interest

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 43,000 shares, a decline of 36.5% from the February 13th total of 67,700 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 24,100 shares, the days-to-cover ratio is presently 1.8 days.

Greene County Bancorp Stock Performance

Shares of Greene County Bancorp stock traded down $0.65 on Friday, hitting $23.70. 29,663 shares of the company’s stock were exchanged, compared to its average volume of 20,096. Greene County Bancorp has a 1 year low of $23.70 and a 1 year high of $37.25. The company has a 50-day simple moving average of $26.54 and a 200-day simple moving average of $29.12. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $403.54 million, a PE ratio of 15.29 and a beta of 0.43.

Greene County Bancorp (NASDAQ:GCBC) last released its earnings results 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 prior year, the firm earned $0.34 EPS.

Greene County Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Friday, February 14th. Greene County Bancorp’s payout ratio is 23.23%.

Analyst Ratings Changes

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

Insider Transactions at Greene County Bancorp

In other news, Director Jay P. Cahalan acquired 1,944 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $26.45 per share, for a total transaction of $51,418.80. Following the acquisition, the director now directly owns 29,324 shares in the company, valued at approximately $775,619.80. The trade was a 7.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 5.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Greene County Bancorp

Several large investors have recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of Greene County Bancorp by 417.6% during the 4th quarter. LPL Financial LLC now owns 33,718 shares of the real estate investment trust’s stock valued at $935,000 after purchasing an additional 27,204 shares during the period. Millennium Management LLC bought a new stake in Greene County Bancorp during the fourth quarter valued at about $403,000. JPMorgan Chase & Co. raised its holdings in Greene County Bancorp by 127.2% during the fourth quarter. JPMorgan Chase & Co. now owns 24,859 shares of the real estate investment trust’s stock valued at $689,000 after acquiring an additional 13,918 shares during the period. Stoneridge Investment Partners LLC purchased a new position in shares of Greene County Bancorp in the fourth quarter valued at about $365,000. Finally, Marshall Wace LLP bought a new position in shares of Greene County Bancorp in the fourth quarter worth about $286,000. Hedge funds and other institutional investors own 13.39% of the company’s stock.

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.