Key Points
- Director Michelle Plummer sold 10,000 Greene County Bancorp shares for $355,200 at an average price of $35.52, reducing her holdings by 10.04% to 89,560 shares.
- For its latest reported quarter, the company posted earnings of $0.73 per share and revenue of $24.8 million.
- Greene County Bancorp declared a quarterly dividend of $0.11 per share, equivalent to a 1.2% annualized yield; its analyst consensus rating is “Buy.”
Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) Director Michelle Plummer sold 10,000 shares of the company's stock in a transaction on Monday, November 9th. The stock was sold at an average price of $35.52, for a total transaction of $355,200.00. Following the completion of the transaction, the director directly owned 89,560 shares in the company, valued at approximately $3,181,171.20. The trade was a 10.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Greene County Bancorp Trading Up 0.8%
Shares of GCBC stock opened at $36.42 on Tuesday. 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 52-week low of $21.38 and a 52-week high of $37.25. The company has a market capitalization of $619.87 million, a PE ratio of 13.90 and a beta of 0.52. The business's fifty day moving average is $35.01 and its 200 day moving average is $29.08.
Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 16.67% and a net margin of 30.24%. The company had revenue of $24.80 million during the quarter.
Greene County Bancorp Dividend Announcement
The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.2%. Greene County Bancorp's dividend payout ratio (DPR) is presently 16.79%.
Hedge Funds Weigh In On Greene County Bancorp
A number of hedge funds and other institutional investors have recently bought and sold shares of GCBC. BlackRock Inc. bought a new position in shares of Greene County Bancorp in the 2nd quarter worth $22,428,000. Dimensional Fund Advisors LP lifted its holdings in shares of Greene County Bancorp by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust's stock worth $2,076,000 after acquiring an additional 1,006 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Greene County Bancorp during the 2nd quarter worth $1,354,000. Renaissance Technologies LLC grew its position in Greene County Bancorp by 2.6% in the first quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust's stock worth $1,143,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Greene County Bancorp in the second quarter worth $959,000. Hedge funds and other institutional investors own 13.39% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Greene County Bancorp from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company currently has a consensus rating of "Buy".
Check Out Our Latest Research Report on Greene County Bancorp
Greene County Bancorp Company Profile
(
Get Free Report)
Greene County Bancorp, Inc is a bank holding company headquartered in Catskill, New York. Through its principal subsidiary, The Bank of Greene County, the company provides community banking services to individuals, families, businesses and nonprofit organizations.
The Bank of Greene County offers deposit products, residential and commercial real estate loans, consumer lending, business loans and other financial services. Its product offerings include checking and savings accounts, certificates of deposit, online and mobile banking, treasury management and investment-related services.
Founded in 1889, the bank has a long history of serving communities in New York's Hudson Valley.
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