Short Interest in Greene County Bancorp, Inc. (NASDAQ:GCBC) Decreases By 35.6%

by · The Cerbat Gem

Greene County Bancorp, Inc. (NASDAQ:GCBC – Get Free Report) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 37,344 shares, a decrease of 35.6% from the December 15th total of 58,028 shares. Based on an average daily trading volume, of 15,100 shares, the short-interest ratio is presently 2.5 days. Based on an average daily trading volume, of 15,100 shares, the short-interest ratio is presently 2.5 days.

Greene County Bancorp Stock Performance

Shares of NASDAQ:GCBC traded down $0.27 during trading on Friday, hitting $22.45. 10,313 shares of the company were exchanged, compared to its average volume of 11,382. Greene County Bancorp has a fifty-two week low of $20.00 and a fifty-two week high of $27.62. The firm has a fifty day moving average price of $22.86 and a two-hundred day moving average price of $23.27. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02.

Greene County Bancorp (NASDAQ:GCBC – Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The real estate investment trust reported $0.52 EPS for the quarter. Greene County Bancorp had a net margin of 24.62% and a return on equity of 14.44%. The company had revenue of $19.75 million during the quarter.

Greene County Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.10 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. Greene County Bancorp’s dividend payout ratio is 20.20%.

Insider Buying and Selling at Greene County Bancorp

In related news, Director Tejraj S. Hada bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of $21.96 per share, for a total transaction of $65,880.00. Following the transaction, the director owned 27,923 shares of the company’s stock, valued at $613,189.08. This represents a 12.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jay P. Cahalan purchased 4,300 shares of the stock in a transaction dated Friday, October 24th. The stock was bought at an average cost of $22.73 per share, with a total value of $97,739.00. Following the completion of the purchase, the director owned 35,424 shares in the company, valued at $805,187.52. The trade was a 13.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 16,075 shares of company stock valued at $358,148. 59.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Greene County Bancorp

Large investors have recently made changes to their positions in the company. CWM LLC raised its stake in Greene County Bancorp by 55.8% in the second quarter. CWM LLC now owns 1,689 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 605 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Greene County Bancorp by 31.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 450 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Greene County Bancorp by 658.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,215 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,923 shares in the last quarter. Two Sigma Investments LP acquired a new position in shares of Greene County Bancorp in the 3rd quarter valued at approximately $221,000. Finally, First Trust Advisors LP bought a new stake in shares of Greene County Bancorp during the 2nd quarter worth approximately $241,000. Institutional investors own 13.39% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Greene County Bancorp in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Get Our Latest Stock Analysis on Greene County Bancorp

About Greene County Bancorp

(Get Free Report)

Greene County Bancorp, Inc is the bank holding company for Greene County Community Bank, a full-service commercial bank based in Waynesburg, Pennsylvania. The company traces its roots to the early 20th century and has cultivated a reputation for community-focused banking in Greene County and the surrounding region of southwestern Pennsylvania.

Through its subsidiary, the company offers a broad range of financial products and services, including personal and business deposit accounts, residential and commercial real estate loans, consumer installment loans, and agricultural financing.

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