Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Up 5.0% in October

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 85,700 shares, an increase of 5.0% from the September 30th total of 81,600 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average trading volume of 14,700 shares, the days-to-cover ratio is currently 5.8 days.

Greene County Bancorp Trading Down 0.2 %

Shares of Greene County Bancorp stock opened at $27.95 on Friday. The stock has a market capitalization of $475.99 million, a P/E ratio of 19.28 and a beta of 0.41. Greene County Bancorp has a 52-week low of $23.51 and a 52-week high of $37.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s 50-day simple moving average is $30.33 and its 200 day simple moving average is $31.04.

Greene County Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, November 15th. Greene County Bancorp’s payout ratio is currently 24.83%.

Insider Buying and Selling at Greene County Bancorp

In related news, CFO Nick Barzee purchased 892 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were bought at an average price of $28.57 per share, with a total value of $25,484.44. Following the acquisition, the chief financial officer now owns 900 shares of the company’s stock, valued at $25,713. This trade represents a 11,100.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of Greene County Bancorp by 12.7% during the first quarter. BNP Paribas Financial Markets now owns 4,272 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 483 shares in the last quarter. FineMark National Bank & Trust bought a new stake in shares of Greene County Bancorp during the 2nd quarter valued at $229,000. Renaissance Technologies LLC purchased a new stake in Greene County Bancorp during the 2nd quarter worth about $260,000. Janus Henderson Group PLC bought a new position in Greene County Bancorp in the 1st quarter worth about $272,000. Finally, Bank of New York Mellon Corp grew its holdings in Greene County Bancorp by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 22,546 shares of the real estate investment trust’s stock valued at $760,000 after buying an additional 300 shares in the last quarter. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

About Greene County Bancorp

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.