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

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the target of a significant increase in short interest during 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 volume of 14,700 shares, the days-to-cover ratio is presently 5.8 days. Approximately 1.2% of the company’s stock are short sold.

Greene County Bancorp Stock Performance

Shares of NASDAQ:GCBC traded down $0.44 during midday trading on Friday, reaching $28.00. The company had a trading volume of 9,667 shares, compared to its average volume of 8,955. Greene County Bancorp has a 52-week low of $22.87 and a 52-week high of $37.25. The company’s 50 day moving average price is $30.39 and its 200 day moving average price is $31.06. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.17. The stock has a market cap of $476.84 million, a P/E ratio of 19.31 and a beta of 0.41.

Greene County Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, November 15th. Greene County Bancorp’s dividend payout ratio is currently 24.83%.

Insider Buying and Selling

In other news, CFO Nick Barzee acquired 892 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was purchased at an average price of $28.57 per share, for a total transaction of $25,484.44. Following the purchase, the chief financial officer now owns 900 shares in the company, valued at approximately $25,713. This represents a 11,100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by corporate insiders.

Institutional Trading of Greene County Bancorp

Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of Greene County Bancorp by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 22,546 shares of the real estate investment trust’s stock worth $760,000 after acquiring an additional 300 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Greene County Bancorp by 12.7% during 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. lifted its holdings in Greene County Bancorp by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust’s stock worth $10,428,000 after purchasing an additional 2,407 shares in the last quarter. FineMark National Bank & Trust bought a new position in Greene County Bancorp in the 2nd quarter worth about $229,000. Finally, Renaissance Technologies LLC bought a new position in shares of Greene County Bancorp in the second quarter valued at approximately $260,000. 13.39% of the stock is owned by hedge funds and other 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.