Short Interest in Greene County Bancorp, Inc. (NASDAQ:GCBC) Drops By 9.9%

Greene County Bancorp, Inc. (NASDAQ:GCBC) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 45,500 shares, a decline of 9.9% from the March 31st total of 50,500 shares. Based on an average daily volume of 10,300 shares, the days-to-cover ratio is currently 4.4 days. Approximately 0.7% of the company’s shares are sold short.

Institutional Investors Weigh In On Greene County Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in GCBC. Barclays PLC raised its stake in shares of Greene County Bancorp by 77.1% in the 3rd quarter. Barclays PLC now owns 2,460 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 1,071 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in shares of Greene County Bancorp in the 4th quarter valued at approximately $222,000. Swiss National Bank purchased a new stake in shares of Greene County Bancorp in the 3rd quarter valued at approximately $360,000. Finally, Bank of New York Mellon Corp increased its stake in Greene County Bancorp by 4.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 56,836 shares of the real estate investment trust’s stock worth $1,367,000 after buying an additional 2,635 shares during the period. 13.39% of the stock is owned by hedge funds and other institutional investors.

Greene County Bancorp Price Performance

Greene County Bancorp stock opened at $29.42 on Wednesday. The company’s 50 day simple moving average is $27.76 and its 200-day simple moving average is $26.87. The company has a market capitalization of $501.02 million, a price-to-earnings ratio of 20.43 and a beta of 0.42. Greene County Bancorp has a 1 year low of $17.50 and a 1 year high of $36.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.64 and a current ratio of 0.64.

Greene County Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 15th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Tuesday, May 14th. Greene County Bancorp’s dividend payout ratio (DPR) is 22.22%.

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.