Greene County Bancorp (NASDAQ:GCBC) Shares Gap Down – Should You Sell?

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s stock price gapped down before the market opened 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.

Greene County Bancorp Price Performance

The company has a debt-to-equity ratio of 0.14, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s 50 day moving average is $30.44 and its 200 day moving average is $31.39. The firm has a market cap of $525.72 million, a P/E ratio of 21.57 and a beta of 0.42.

Greene County Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.17%. Greene County Bancorp’s dividend payout ratio is presently 24.83%.

Insider Transactions at Greene County Bancorp

In related news, Director Tejraj S. Hada acquired 2,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $28.00 per share, for a total transaction of $56,000.00. Following the completion of the transaction, the director now directly owns 8,651 shares in the company, valued at approximately $242,228. This trade represents a 30.07 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Nick Barzee acquired 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, for a total transaction of $25,484.44. Following the transaction, the chief financial officer now owns 900 shares of the company’s stock, valued at $25,713. This trade represents a 11,150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.10% of the company’s stock.

Institutional Trading of Greene County Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in 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 valued at $129,000 after buying an additional 1,450 shares during the last quarter. FineMark National Bank & Trust purchased a new stake in Greene County Bancorp in the 2nd quarter worth approximately $229,000. Renaissance Technologies LLC bought a new stake in Greene County Bancorp during the 2nd quarter worth approximately $260,000. Janus Henderson Group PLC purchased a new position in Greene County Bancorp during the first quarter valued at approximately $272,000. Finally, Barclays PLC boosted its position in shares of Greene County Bancorp by 370.0% in the third quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 9,229 shares during the period. 13.39% of the stock is owned by hedge funds and other institutional investors.

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.