Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Jay P. Cahalan Purchases 1,944 Shares

Greene County Bancorp, Inc. (NASDAQ:GCBC) Director Jay P. Cahalan purchased 1,944 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $26.45 per share, with a total value of $51,418.80. Following the acquisition, the director now directly owns 29,324 shares in the company, valued at $775,619.80. This represents a 7.10 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Greene County Bancorp Stock Performance

Greene County Bancorp stock opened at $25.94 on Thursday. The company’s 50-day moving average price is $26.88 and its 200-day moving average price is $29.38. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.03. The company has a market cap of $441.68 million, a PE ratio of 16.74 and a beta of 0.45. Greene County Bancorp, Inc. has a twelve month low of $25.25 and a twelve month high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) 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 return on equity of 12.55% and a net margin of 21.02%. During the same period last year, the company earned $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Friday, February 14th. Greene County Bancorp’s dividend payout ratio is currently 23.23%.

Institutional Trading of Greene County Bancorp

A number of institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Greene County Bancorp by 9.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,450 shares of the real estate investment trust’s stock valued at $484,000 after acquiring an additional 1,503 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Greene County Bancorp during the 4th quarter worth about $271,000. Millennium Management LLC bought a new position in Greene County Bancorp during the 4th quarter valued at about $403,000. Deutsche Bank AG raised its position in Greene County Bancorp by 759.3% in the 4th quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,344 shares during the period. Finally, Citadel Advisors LLC lifted its stake in Greene County Bancorp by 27.9% in the fourth quarter. Citadel Advisors LLC now owns 29,832 shares of the real estate investment trust’s stock worth $827,000 after purchasing an additional 6,499 shares during the last quarter. 13.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Greene County Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, February 17th.

About Greene County Bancorp

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.