Greene County Bancorp, Inc. (NASDAQ:GCBC) CFO Nick Barzee Acquires 840 Shares

Greene County Bancorp, Inc. (NASDAQ:GCBC) CFO Nick Barzee acquired 840 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $26.50 per share, for a total transaction of $22,260.00. Following the purchase, the chief financial officer now owns 1,740 shares of the company’s stock, valued at $46,110. The trade was a 93.33 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Greene County Bancorp Price Performance

NASDAQ GCBC opened at $26.14 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.14. The company has a market cap of $445.16 million, a PE ratio of 16.86 and a beta of 0.45. Greene County Bancorp, Inc. has a 52 week low of $24.10 and a 52 week high of $37.25. The firm’s 50-day simple moving average is $28.31 and its two-hundred day simple moving average is $30.28.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 EPS for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.72%. During the same quarter in the previous year, the company posted $0.34 EPS.

Greene County Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, February 14th. Greene County Bancorp’s payout ratio is currently 23.23%.

Hedge Funds Weigh In On Greene County Bancorp

Several hedge funds have recently made changes to their positions in GCBC. SG Americas Securities LLC purchased a new stake in Greene County Bancorp during the 4th quarter worth about $100,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 buying an additional 1,450 shares in the last quarter. Angel Oak Capital Advisors LLC bought a new position in shares of Greene County Bancorp in the fourth quarter valued at approximately $222,000. Renaissance Technologies LLC purchased a new position in Greene County Bancorp during the second quarter valued at approximately $260,000. Finally, JPMorgan Chase & Co. increased its holdings in Greene County Bancorp by 115.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock worth $338,000 after acquiring an additional 5,863 shares during the period. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Greene County Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, January 31st.

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.