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

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares gapped down prior to trading on Wednesday . The stock had previously closed at $31.93, but opened at $31.23. Greene County Bancorp shares last traded at $31.23, with a volume of 268 shares trading hands.

Greene County Bancorp Trading Down 2.4 %

The stock’s fifty day simple moving average is $30.41 and its two-hundred day simple moving average is $31.39. The firm has a market cap of $530.48 million, a PE ratio of 21.48 and a beta of 0.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.14.

Greene County Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, November 15th. Greene County Bancorp’s payout ratio is 24.83%.

Insiders Place Their Bets

In related news, CFO Nick Barzee bought 892 shares of the business’s stock in a transaction on Friday, October 25th. The shares were bought at an average price of $28.57 per share, for a total transaction of $25,484.44. Following the completion of the purchase, the chief financial officer now directly owns 900 shares of the company’s stock, valued at approximately $25,713. This trade represents a 11,150.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tejraj S. Hada purchased 2,000 shares of Greene County Bancorp stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $28.00 per share, for a total transaction of $56,000.00. Following the completion of the transaction, the director now owns 8,651 shares of the company’s stock, valued at approximately $242,228. This represents a 30.07 % increase in their position. The disclosure for this purchase can be found here. 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 added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its stake in shares of Greene County Bancorp by 53.4% during 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 in the last quarter. FineMark National Bank & Trust acquired a new position in Greene County Bancorp in the second quarter valued at about $229,000. Renaissance Technologies LLC purchased a new position in shares of Greene County Bancorp during the second quarter worth $260,000. Janus Henderson Group PLC purchased a new stake in Greene County Bancorp during the 1st quarter worth approximately $272,000. Finally, Barclays PLC raised its position in Greene County Bancorp by 370.0% in the 3rd quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 9,229 shares in the last quarter. 13.39% of the stock is owned by institutional investors and hedge funds.

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.