Short Interest in Greene County Bancorp, Inc. (NASDAQ:GCBC) Increases By 42.8%

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 67,700 shares, a growth of 42.8% from the January 31st total of 47,400 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 23,000 shares, the short-interest ratio is presently 2.9 days.

Greene County Bancorp Stock Up 1.4 %

GCBC traded up $0.35 on Monday, reaching $26.25. The company’s stock had a trading volume of 21,663 shares, compared to its average volume of 23,084. Greene County Bancorp has a 1 year low of $25.25 and a 1 year high of $37.25. The business’s 50 day moving average is $27.00 and its 200 day moving average is $29.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market cap of $446.96 million, a price-to-earnings ratio of 16.94 and a beta of 0.45.

Greene County Bancorp (NASDAQ:GCBC) last released its earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 EPS for the quarter. Greene County Bancorp had a return on equity of 12.55% and a net margin of 21.02%. During the same quarter in the previous year, the company posted $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. Shareholders of record on Friday, February 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, February 14th. Greene County Bancorp’s dividend payout ratio is currently 23.23%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a report on Monday, February 17th.

Insider Transactions at Greene County Bancorp

In other news, Director Jay P. Cahalan acquired 1,944 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $26.45 per share, for a total transaction of $51,418.80. Following the completion of the purchase, the director now directly owns 29,324 shares of the company’s stock, valued at approximately $775,619.80. This trade represents a 7.10 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Greene County Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new stake in Greene County Bancorp in the fourth quarter valued at about $39,000. Tower Research Capital LLC TRC increased its holdings in shares of Greene County Bancorp by 248.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,091 shares during the last quarter. Deutsche Bank AG raised its position in shares of Greene County Bancorp by 759.3% during the 4th quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,344 shares in the last quarter. SG Americas Securities LLC bought a new position in Greene County Bancorp during the fourth quarter worth $100,000. Finally, BNP Paribas Financial Markets boosted its holdings in Greene County Bancorp by 53.4% in the third quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,450 shares during the period. Institutional investors own 13.39% of the company’s stock.

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.