Jay Cahalan Purchases 4,300 Shares of Greene County Bancorp (NASDAQ:GCBC) Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Jay Cahalan acquired 4,300 shares of the company’s stock in a transaction on Friday, October 24th. The shares were bought at an average price of $22.73 per share, for a total transaction of $97,739.00. Following the completion of the purchase, the director owned 35,424 shares in the company, valued at approximately $805,187.52. This represents a 13.82% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Greene County Bancorp Price Performance

Shares of NASDAQ:GCBC opened at $22.85 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s fifty day simple moving average is $23.12 and its two-hundred day simple moving average is $23.01. Greene County Bancorp, Inc. has a 1-year low of $20.00 and a 1-year high of $35.34.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings data on Tuesday, October 21st. The real estate investment trust reported $0.52 earnings per share for the quarter. The business had revenue of $21.51 million for the quarter. Greene County Bancorp had a return on equity of 14.75% and a net margin of 24.62%.

Greene County Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, November 14th. Greene County Bancorp’s payout ratio is presently 20.20%.

Institutional Investors Weigh In On Greene County Bancorp

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Greene County Bancorp by 3.0% in the 2nd quarter. Geode Capital Management LLC now owns 169,308 shares of the real estate investment trust’s stock worth $3,763,000 after acquiring an additional 4,985 shares during the last quarter. Angel Oak Capital Advisors LLC increased its holdings in Greene County Bancorp by 35.7% in the 2nd quarter. Angel Oak Capital Advisors LLC now owns 57,000 shares of the real estate investment trust’s stock worth $1,267,000 after acquiring an additional 15,000 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Greene County Bancorp by 202.8% in the 2nd quarter. Hsbc Holdings PLC now owns 37,029 shares of the real estate investment trust’s stock worth $852,000 after acquiring an additional 24,800 shares during the last quarter. Nuveen LLC purchased a new stake in Greene County Bancorp in the 1st quarter worth about $624,000. Finally, Goldman Sachs Group Inc. increased its holdings in Greene County Bancorp by 2.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock worth $504,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 13.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Greene County Bancorp in a research note on Saturday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

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.