Short Interest in Greene County Bancorp, Inc. (NASDAQ:GCBC) Expands By 5.0%

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 85,700 shares, an increase of 5.0% from the September 30th total of 81,600 shares. Based on an average daily trading volume, of 14,700 shares, the days-to-cover ratio is presently 5.8 days. Approximately 1.2% of the company’s shares are short sold.

Greene County Bancorp Stock Performance

NASDAQ:GCBC opened at $27.95 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.17. Greene County Bancorp has a twelve month low of $23.51 and a twelve month high of $37.25. The company has a fifty day moving average of $30.33 and a 200-day moving average of $31.04. The firm has a market capitalization of $475.99 million, a P/E ratio of 19.28 and a beta of 0.41.

Greene County Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.09 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.36 annualized dividend and a yield of 1.29%. Greene County Bancorp’s payout ratio is currently 24.83%.

Insider Transactions at Greene County Bancorp

In other news, CFO Nick Barzee purchased 892 shares of the business’s stock in a transaction on Friday, October 25th. The shares were acquired at an average price of $28.57 per share, with a total value of $25,484.44. Following the completion of the transaction, the chief financial officer now owns 900 shares of the company’s stock, valued at $25,713. The trade was a 11,100.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Greene County Bancorp

A number of hedge funds have recently added to or reduced their stakes in GCBC. BNP Paribas Financial Markets grew its position in Greene County Bancorp by 12.7% in the 1st quarter. BNP Paribas Financial Markets now owns 4,272 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 483 shares during the period. Vanguard Group Inc. increased its position in shares of Greene County Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust’s stock worth $10,428,000 after acquiring an additional 2,407 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Greene County Bancorp in the 1st quarter worth about $272,000. Bank of New York Mellon Corp lifted its position in Greene County Bancorp by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 22,546 shares of the real estate investment trust’s stock valued at $760,000 after acquiring an additional 300 shares in the last quarter. Finally, FineMark National Bank & Trust acquired a new position in Greene County Bancorp during the 2nd quarter valued at about $229,000. Institutional investors and hedge funds own 13.39% of the company’s stock.

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.