Greene County Bancorp (NASDAQ:GCBC) Shares Gap Down – What’s Next?

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares gapped down before the market opened on Tuesday . The stock had previously closed at $34.95, but opened at $33.20. Greene County Bancorp shares last traded at $34.43, with a volume of 802 shares.

Greene County Bancorp Stock Performance

The stock has a market cap of $578.85 million, a price-to-earnings ratio of 23.44 and a beta of 0.42. The company’s fifty day simple moving average is $30.26 and its two-hundred day simple moving average is $31.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.65 and a quick ratio of 0.65.

Greene County Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.36 annualized dividend and a yield of 1.06%. Greene County Bancorp’s payout ratio is 24.83%.

Insider Buying and Selling at Greene County Bancorp

In related news, Director Tejraj S. Hada acquired 2,000 shares of the stock in a transaction dated Friday, November 1st. The stock was purchased at an average cost of $28.00 per share, with a total value of $56,000.00. Following the completion of the purchase, the director now directly owns 8,651 shares in the company, valued at $242,228. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Tejraj S. Hada bought 2,000 shares of Greene County Bancorp stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of $28.00 per share, for a total transaction of $56,000.00. Following the purchase, the director now directly owns 8,651 shares in the company, valued at $242,228. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nick Barzee purchased 892 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were purchased at an average cost of $28.57 per share, for a total transaction of $25,484.44. Following the completion of the transaction, the chief financial officer now directly owns 900 shares of the company’s stock, valued at $25,713. This represents a 11,100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Greene County Bancorp

Institutional investors have recently modified their holdings of the business. FineMark National Bank & Trust bought a new stake in Greene County Bancorp during the second quarter worth $229,000. Janus Henderson Group PLC purchased a new position in shares of Greene County Bancorp in the 1st quarter worth about $272,000. Renaissance Technologies LLC purchased a new position in shares of Greene County Bancorp in the 2nd quarter worth about $260,000. Dimensional Fund Advisors LP grew its position in Greene County Bancorp by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the real estate investment trust’s stock valued at $2,182,000 after buying an additional 7,814 shares during the period. Finally, Vanguard Group Inc. increased its holdings in 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 buying an additional 2,407 shares during the last quarter. 13.39% of the stock is owned by institutional investors.

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.