Los Angeles Capital Management LLC Purchases Shares of 20,695 Greene County Bancorp, Inc. $GCBC

Los Angeles Capital Management LLC purchased a new position in shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,695 shares of the real estate investment trust’s stock, valued at approximately $460,000.

Several other institutional investors and hedge funds have also made changes to their positions in GCBC. Charles Schwab Investment Management Inc. raised its position in shares of Greene County Bancorp by 6.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 20,321 shares of the real estate investment trust’s stock worth $490,000 after acquiring an additional 1,203 shares in the last quarter. Deutsche Bank AG increased its stake in Greene County Bancorp by 204.7% in the first quarter. Deutsche Bank AG now owns 4,634 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 3,113 shares during the last quarter. Angel Oak Capital Advisors LLC raised its holdings in Greene County Bancorp by 425.0% during the first quarter. Angel Oak Capital Advisors LLC now owns 42,000 shares of the real estate investment trust’s stock worth $1,013,000 after purchasing an additional 34,000 shares in the last quarter. Nuveen LLC acquired a new stake in Greene County Bancorp during the first quarter worth approximately $624,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Greene County Bancorp during the 1st quarter worth approximately $292,000. 13.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Jay P. Cahalan purchased 4,300 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were purchased at an average price of $22.73 per share, with a total value of $97,739.00. Following the completion of the acquisition, the director directly owned 35,424 shares in the company, valued at $805,187.52. This represents a 13.82% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tejraj S. Hada acquired 1,500 shares of Greene County Bancorp stock in a transaction on Wednesday, November 5th. The shares were bought at an average cost of $22.52 per share, with a total value of $33,780.00. Following the completion of the purchase, the director owned 24,557 shares in the company, valued at $553,023.64. The trade was a 6.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 8,209 shares of company stock worth $185,336. 59.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Greene County Bancorp in a report on Thursday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Greene County Bancorp presently has an average rating of “Hold”.

Greene County Bancorp Trading Up 0.2%

NASDAQ:GCBC opened at $22.19 on Friday. The company has a market capitalization of $377.90 million, a PE ratio of 11.21 and a beta of 0.46. Greene County Bancorp, Inc. has a 52-week low of $20.00 and a 52-week high of $34.32. The stock’s 50 day moving average price is $22.70 and its 200 day moving average price is $23.11. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02.

Greene County Bancorp (NASDAQ:GCBC) last posted 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 $19.75 million during 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 declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. Greene County Bancorp’s dividend payout ratio is currently 20.20%.

Greene County Bancorp 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.