Greene County Bancorp (NASDAQ:GCBC) Stock Crosses Above 200 Day Moving Average – Here’s Why

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.30 and traded as high as $31.63. Greene County Bancorp shares last traded at $31.63, with a volume of 16,657 shares.

Greene County Bancorp Price Performance

The firm has a 50-day simple moving average of $30.57 and a 200-day simple moving average of $31.30. The firm has a market cap of $538.56 million, a P/E ratio of 21.81 and a beta of 0.43. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.14.

Greene County Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Friday, November 15th. Greene County Bancorp’s payout ratio is currently 24.83%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its holdings in Greene County Bancorp by 53.4% in the third quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 1,450 shares in the last quarter. FineMark National Bank & Trust purchased a new position in shares of Greene County Bancorp in the 2nd quarter valued at approximately $229,000. Renaissance Technologies LLC acquired a new stake in Greene County Bancorp in the 2nd quarter worth approximately $260,000. Barclays PLC grew its position in Greene County Bancorp by 370.0% during the 3rd 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Greene County Bancorp by 69.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,947 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 6,517 shares in the last quarter. 13.39% of the stock is owned by institutional investors and hedge funds.

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.