Greene County Bancorp (NASDAQ:GCBC) Shares Gap Down – Here’s What Happened

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $31.93, but opened at $31.23. Greene County Bancorp shares last traded at $31.23, with a volume of 268 shares.

Greene County Bancorp Stock Performance

The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $30.41 and a 200 day simple moving average of $31.39. The company has a market capitalization of $530.48 million, a price-to-earnings ratio of 21.48 and a beta of 0.42.

Greene County Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Friday, November 15th. Greene County Bancorp’s dividend payout ratio is presently 24.83%.

Insider Activity

In other Greene County Bancorp news, Director Tejraj S. Hada purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $28.00 per share, with a total value of $56,000.00. Following the completion of the acquisition, the director now directly owns 8,651 shares of the company’s stock, valued at $242,228. This represents a 30.07 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nick Barzee bought 892 shares of the company’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 transaction, the chief financial officer now directly owns 900 shares in the company, valued at approximately $25,713. The trade was a 11,150.00 % increase in their position. The disclosure for this purchase can be found here. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Greene County Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in shares of Greene County Bancorp by 53.4% during the third quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,450 shares during the last quarter. FineMark National Bank & Trust bought a new stake in shares of Greene County Bancorp in the second quarter valued at $229,000. Renaissance Technologies LLC bought a new position in Greene County Bancorp in the 2nd quarter worth approximately $260,000. Janus Henderson Group PLC purchased a new position in Greene County Bancorp during the first quarter valued at approximately $272,000. Finally, Barclays PLC increased its position in shares of Greene County Bancorp by 370.0% in the third quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 9,229 shares during the last quarter. 13.39% of the stock is owned by institutional investors.

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.