Greene County Bancorp (NASDAQ:GCBC) Shares Gap Down – What’s Next?

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares gapped down prior to trading on Thursday . The stock had previously closed at $34.25, but opened at $31.60. Greene County Bancorp shares last traded at $31.82, with a volume of 1,278 shares.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Greene County Bancorp Trading Up 0.6%

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 company’s 50 day simple moving average is $27.73 and its two-hundred day simple moving average is $24.57. The stock has a market cap of $543.09 million, a price-to-earnings ratio of 13.94 and a beta of 0.40.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter. The company had revenue of $44.07 million during the quarter. Greene County Bancorp had a return on equity of 15.41% and a net margin of 27.28%.

Greene County Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 15th. This represents a $0.40 annualized dividend and a yield of 1.3%. Greene County Bancorp’s dividend payout ratio is presently 17.47%.

Insider Buying and Selling at Greene County Bancorp

In other Greene County Bancorp news, Director Michelle M. Plummer sold 10,000 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $28.77, for a total value of $287,700.00. Following the completion of the sale, the director directly owned 99,560 shares of the company’s stock, valued at $2,864,341.20. This represents a 9.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Brust purchased 2,080 shares of the stock in a transaction on Monday, April 27th. The stock was acquired at an average cost of $24.05 per share, for a total transaction of $50,024.00. Following the acquisition, the director directly owned 4,180 shares in the company, valued at approximately $100,529. This trade represents a 99.05% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 59.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Greene County Bancorp

A number of hedge funds have recently added to or reduced their stakes in GCBC. Vanguard Group Inc. increased its holdings in Greene County Bancorp by 1.3% in the third quarter. Vanguard Group Inc. now owns 369,486 shares of the real estate investment trust’s stock valued at $8,350,000 after purchasing an additional 4,650 shares during the last quarter. Geode Capital Management LLC boosted its stake in Greene County Bancorp by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 170,538 shares of the real estate investment trust’s stock worth $3,792,000 after purchasing an additional 1,276 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Greene County Bancorp by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock worth $2,076,000 after buying an additional 1,006 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Greene County Bancorp by 14.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 66,370 shares of the real estate investment trust’s stock worth $1,475,000 after acquiring an additional 8,313 shares in the last quarter. Finally, Covalent Partners LLC increased its stake in Greene County Bancorp by 37.9% in the 4th quarter. Covalent Partners LLC now owns 63,000 shares of the real estate investment trust’s stock valued at $1,400,000 after buying an additional 17,329 shares during the last quarter. Institutional investors own 13.39% of the company’s stock.

Greene County Bancorp Company Profile

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.