Greene County Bancorp (NASDAQ:GCBC) Director Sells $355,200.00 in Stock

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Michelle Plummer sold 10,000 shares of Greene County Bancorp stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $35.52, for a total value of $355,200.00. Following the transaction, the director directly owned 89,560 shares in the company, valued at approximately $3,181,171.20. This trade represents a 10.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Greene County Bancorp Price Performance

Shares of NASDAQ:GCBC opened at $35.77 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65. Greene County Bancorp, Inc. has a one year low of $21.38 and a one year high of $37.25. The company has a 50-day simple moving average of $35.06 and a 200-day simple moving average of $29.21. The stock has a market capitalization of $608.81 million, a price-to-earnings ratio of 13.65 and a beta of 0.52.

Greene County Bancorp (NASDAQ:GCBC) last released its earnings results on Thursday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter. The business had revenue of $24.80 million for the quarter. Greene County Bancorp had a return on equity of 16.39% and a net margin of 30.24%.

Greene County Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 13th. Greene County Bancorp’s payout ratio is currently 16.79%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Greene County Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Institutional Trading of Greene County Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Greene County Bancorp during the second quarter valued at approximately $22,428,000. Dimensional Fund Advisors LP increased its stake in Greene County Bancorp by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock valued at $2,076,000 after purchasing an additional 1,006 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Greene County Bancorp in the 2nd quarter worth about $1,354,000. Renaissance Technologies LLC boosted its stake in Greene County Bancorp by 2.6% in the 1st quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust’s stock worth $1,143,000 after buying an additional 1,300 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Greene County Bancorp in the 2nd quarter worth about $959,000. 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 The Bank of Greene County, a community bank founded in 1889 and headquartered in Catskill, New York. The company provides banking services to individuals, businesses and municipalities. Its offerings include checking and savings accounts, certificates of deposit, residential mortgages, consumer loans and commercial lending. The bank also provides business banking and wealth management services. The company primarily serves New York’s Hudson Valley, with branches across Greene, Columbia, Albany and Ulster counties.