Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Update

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 63,300 shares, a decrease of 25.6% from the August 15th total of 85,100 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 15,200 shares, the days-to-cover ratio is currently 4.2 days.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Greene County Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, August 25th.

Greene County Bancorp Trading Down 10.9 %

NASDAQ GCBC traded down $2.90 during trading hours on Monday, hitting $23.78. The company’s stock had a trading volume of 24,000 shares, compared to its average volume of 18,949. Greene County Bancorp has a 52 week low of $17.50 and a 52 week high of $39.90. The company has a market capitalization of $404.97 million, a PE ratio of 13.10 and a beta of 0.32. The company’s 50-day simple moving average is $31.35 and its two-hundred day simple moving average is $29.24.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.38 earnings per share for the quarter. Greene County Bancorp had a net margin of 31.81% and a return on equity of 17.85%. The business had revenue of $17.33 million for the quarter.

Greene County Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 14th were given a $0.08 dividend. This is a boost from Greene County Bancorp’s previous quarterly dividend of $0.07. The ex-dividend date was Friday, August 11th. This represents a $0.32 annualized dividend and a yield of 1.35%. Greene County Bancorp’s dividend payout ratio (DPR) is presently 17.63%.

Insider Transactions at Greene County Bancorp

In other news, CEO Donald E. Gibson sold 3,656 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $34.62, for a total transaction of $126,570.72. Following the transaction, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $18,590.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 4,301 shares of company stock valued at $149,468 in the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Greene County Bancorp

Several hedge funds have recently modified their holdings of GCBC. Bank of New York Mellon Corp lifted its position in shares of Greene County Bancorp by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 15,109 shares of the real estate investment trust’s stock worth $675,000 after buying an additional 775 shares in the last quarter. Citigroup Inc. bought a new position in shares of Greene County Bancorp during the 1st quarter worth approximately $291,000. Dimensional Fund Advisors LP lifted its position in shares of Greene County Bancorp by 43.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,616 shares of the real estate investment trust’s stock worth $879,000 after buying an additional 5,930 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Greene County Bancorp by 19.0% during the 1st quarter. Vanguard Group Inc. now owns 144,536 shares of the real estate investment trust’s stock worth $6,460,000 after buying an additional 23,121 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC bought a new position in shares of Greene County Bancorp during the 1st quarter worth approximately $1,297,000. Institutional investors own 13.37% of the company’s stock.

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. Its deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.