Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Tejraj S. Hada Acquires 1,000 Shares

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Tejraj S. Hada acquired 1,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were acquired at an average price of $24.50 per share, for a total transaction of $24,500.00. Following the completion of the purchase, the director now owns 6,576 shares of the company’s stock, valued at approximately $161,112. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Greene County Bancorp Stock Performance

GCBC traded up $0.30 during trading on Tuesday, hitting $24.08. The stock had a trading volume of 4,325 shares, compared to its average volume of 18,864. The stock has a 50 day simple moving average of $31.35 and a two-hundred day simple moving average of $29.24. Greene County Bancorp, Inc. has a twelve month low of $17.50 and a twelve month high of $39.90. The company has a market capitalization of $410.08 million, a PE ratio of 12.96 and a beta of 0.32.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.38 earnings per share for the quarter. The firm had revenue of $17.33 million during the quarter. Greene County Bancorp had a return on equity of 18.24% and a net margin of 31.81%.

Greene County Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 14th were paid a $0.08 dividend. The ex-dividend date was Friday, August 11th. This is a boost from Greene County Bancorp’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 1.33%. Greene County Bancorp’s dividend payout ratio (DPR) is 17.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GCBC. Charles Schwab Investment Management Inc. grew its holdings in shares of Greene County Bancorp by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,290 shares of the real estate investment trust’s stock valued at $533,000 after buying an additional 234 shares during the last quarter. Renaissance Technologies LLC lifted its position in Greene County Bancorp by 4.8% during the 3rd quarter. Renaissance Technologies LLC now owns 6,500 shares of the real estate investment trust’s stock worth $372,000 after acquiring an additional 300 shares during the period. Bank of America Corp DE grew its stake in Greene County Bancorp by 135.3% during the 1st quarter. Bank of America Corp DE now owns 680 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 391 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Greene County Bancorp in the fourth quarter valued at about $27,000. Finally, Dorsey Wright & Associates purchased a new position in shares of Greene County Bancorp in the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 13.37% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Greene County Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, August 25th.

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. Its deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.