Greene County Bancorp, Inc. (NASDAQ:GCBC – Get Rating) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 54,600 shares, a decrease of 24.9% from the October 15th total of 72,700 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average trading volume of 12,600 shares, the short-interest ratio is currently 4.3 days.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on Greene County Bancorp in a report on Wednesday, October 12th. They set a “hold” rating on the stock.
Greene County Bancorp Trading Down 0.1 %
NASDAQ:GCBC traded down $0.09 on Friday, hitting $69.75. The company’s stock had a trading volume of 5,367 shares, compared to its average volume of 11,136. The stock has a fifty day moving average of $61.04 and a two-hundred day moving average of $53.85. The firm has a market capitalization of $593.57 million, a P/E ratio of 19.87 and a beta of 0.25. Greene County Bancorp has a one year low of $33.01 and a one year high of $70.00.
Greene County Bancorp (NASDAQ:GCBC – Get Rating) last released its quarterly earnings data on Friday, October 21st. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter. The firm had revenue of $18.93 million for the quarter. Greene County Bancorp had a return on equity of 18.90% and a net margin of 37.97%.
Greene County Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 15th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, November 14th. This represents a $0.56 annualized dividend and a yield of 0.80%. Greene County Bancorp’s dividend payout ratio is 15.95%.
Institutional Trading of Greene County Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its position in shares of Greene County Bancorp by 135.3% in the first quarter. Bank of America Corp DE now owns 680 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 391 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Greene County Bancorp by 8,562.5% in the second quarter. BNP Paribas Arbitrage SA now owns 693 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 685 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Greene County Bancorp by 319.1% in the second quarter. Lazard Asset Management LLC now owns 725 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 552 shares during the last quarter. Dorsey Wright & Associates acquired a new position in shares of Greene County Bancorp in the second quarter valued at approximately $36,000. Finally, Denali Advisors LLC acquired a new position in shares of Greene County Bancorp in the second quarter valued at approximately $41,000.
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.
Further Reading
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Read More: Short Interest in Greene County Bancorp, Inc. (NASDAQ:GCBC) Drops By 24.9%