Tejraj S. Hada Buys 7,000 Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Tejraj S. Hada acquired 7,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average cost of $23.39 per share, with a total value of $163,730.00. Following the completion of the purchase, the director now owns 15,706 shares of the company’s stock, valued at $367,363.34. This trade represents a 80.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Greene County Bancorp Stock Performance

Shares of Greene County Bancorp stock opened at $22.50 on Friday. The company has a market capitalization of $383.11 million, a PE ratio of 14.52 and a beta of 0.43. 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 company has a 50-day simple moving average of $26.14 and a two-hundred day simple moving average of $28.73. Greene County Bancorp, Inc. has a one year low of $22.35 and a one year high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last announced 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 period in the prior year, the firm earned $0.34 earnings per share.

Greene County Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued 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 dividend yield of 1.60%. Greene County Bancorp’s dividend payout ratio (DPR) is currently 23.23%.

Hedge Funds Weigh In On Greene County Bancorp

Several hedge funds have recently modified their holdings of GCBC. BNP Paribas Financial Markets increased its holdings in shares of 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Greene County Bancorp by 69.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,947 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 6,517 shares in the last quarter. State Street Corp increased its holdings in shares of Greene County Bancorp by 9.0% during the third quarter. State Street Corp now owns 122,592 shares of the real estate investment trust’s stock valued at $3,788,000 after acquiring an additional 10,152 shares in the last quarter. Barclays PLC increased its holdings in shares of Greene County Bancorp by 370.0% during the third 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 in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Greene County Bancorp by 1.5% during the third quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust’s stock valued at $5,048,000 after acquiring an additional 2,458 shares in the last quarter. Institutional investors and hedge funds own 13.39% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Greene County Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday.

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.