Nick Barzee Buys 840 Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) Stock

Greene County Bancorp, Inc. (NASDAQ:GCBCGet Free Report) CFO Nick Barzee acquired 840 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $26.50 per share, for a total transaction of $22,260.00. Following the completion of the purchase, the chief financial officer now directly owns 1,740 shares of the company’s stock, valued at approximately $46,110. The trade was a 93.33 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Greene County Bancorp Price Performance

Shares of GCBC traded down $0.25 during mid-day trading on Monday, hitting $26.25. 10,761 shares of the company traded hands, compared to its average volume of 27,456. Greene County Bancorp, Inc. has a one year low of $24.10 and a one year high of $37.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average of $28.51 and a 200 day moving average of $30.38. The stock has a market capitalization of $447.04 million, a price-to-earnings ratio of 16.94 and a beta of 0.45.

Greene County Bancorp (NASDAQ:GCBCGet Free Report) last released 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 earned $0.34 EPS.

Greene County Bancorp Announces Dividend

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 paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.37%. Greene County Bancorp’s dividend payout ratio (DPR) is currently 23.23%.

Institutional Trading of Greene County Bancorp

Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Greene County Bancorp in the fourth quarter valued at approximately $100,000. BNP Paribas Financial Markets boosted its stake in 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 valued at $129,000 after acquiring an additional 1,450 shares during the last quarter. Angel Oak Capital Advisors LLC bought a new position in Greene County Bancorp in the fourth quarter valued at approximately $222,000. Renaissance Technologies LLC bought a new position in Greene County Bancorp in the second quarter valued at approximately $260,000. Finally, JPMorgan Chase & Co. boosted its stake in Greene County Bancorp by 115.5% in the third quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 5,863 shares during the last quarter. 13.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a research note on Friday.

Read Our Latest Stock Analysis on GCBC

Greene County Bancorp Company Profile

(Get Free Report)

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.

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