Greene County Bancorp (NASDAQ:GCBC) Issues Quarterly Earnings Results

Greene County Bancorp (NASDAQ:GCBC) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.62 EPS for the quarter, Zacks reports. Greene County Bancorp had a net margin of 27.28% and a return on equity of 15.71%. The company had revenue of $23.89 million during the quarter.

Greene County Bancorp Stock Up 0.5%

Shares of NASDAQ:GCBC traded up $0.12 during trading on Friday, hitting $23.13. 688 shares of the company were exchanged, compared to its average volume of 11,939. The stock has a market capitalization of $393.82 million, a P/E ratio of 10.10 and a beta of 0.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.63 and a quick ratio of 0.63. Greene County Bancorp has a 12-month low of $21.16 and a 12-month high of $26.04. The firm’s 50 day moving average price is $22.79 and its 200-day moving average price is $22.78.

Greene County Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 15th. Greene County Bancorp’s payout ratio is currently 18.69%.

Insider Activity at Greene County Bancorp

In related news, Director Tejraj S. Hada acquired 4,000 shares of Greene County Bancorp stock in a transaction dated Wednesday, March 18th. The stock was acquired at an average price of $21.95 per share, for a total transaction of $87,800.00. Following the transaction, the director owned 35,427 shares of the company’s stock, valued at $777,622.65. This represents a 12.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher Cannucciari acquired 1,300 shares of Greene County Bancorp stock in a transaction dated Monday, March 2nd. The shares were bought at an average price of $22.05 per share, with a total value of $28,665.00. Following the transaction, the director directly owned 4,378 shares in the company, valued at approximately $96,534.90. The trade was a 42.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 11,580 shares of company stock worth $255,609 over the last 90 days. 59.20% of the stock is owned by corporate insiders.

Institutional Trading of Greene County Bancorp

Several institutional investors have recently modified their holdings of GCBC. Goldman Sachs Group Inc. lifted its position in shares of Greene County Bancorp by 2.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock worth $504,000 after buying an additional 500 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Greene County Bancorp during the 1st quarter worth approximately $296,000. Geode Capital Management LLC lifted its position in shares of Greene County Bancorp by 3.0% during 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 buying an additional 4,985 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Greene County Bancorp by 17.7% during the 2nd quarter. Rhumbline Advisers now owns 11,168 shares of the real estate investment trust’s stock worth $248,000 after buying an additional 1,679 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of Greene County Bancorp during the 2nd quarter worth approximately $241,000. Hedge funds and other institutional investors own 13.39% of the company’s stock.

About Greene County Bancorp

Greene County Bancorp, Inc is the bank holding company for Greene County Community Bank, a full-service commercial bank based in Waynesburg, Pennsylvania. The company traces its roots to the early 20th century and has cultivated a reputation for community-focused banking in Greene County and the surrounding region of southwestern Pennsylvania.

Through its subsidiary, the company offers a broad range of financial products and services, including personal and business deposit accounts, residential and commercial real estate loans, consumer installment loans, and agricultural financing.