Greene County Bancorp, Inc. (NASDAQ:GCBC) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its holdings in shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) by 248.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,530 shares of the real estate investment trust’s stock after buying an additional 1,091 shares during the period. Tower Research Capital LLC TRC’s holdings in Greene County Bancorp were worth $42,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GCBC. Barclays PLC lifted its position in Greene County Bancorp by 370.0% during the third quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 9,229 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Greene County Bancorp by 115.5% during the third quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 5,863 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Greene County Bancorp during the fourth quarter worth $100,000. Stoneridge Investment Partners LLC acquired a new position in shares of Greene County Bancorp during the fourth quarter worth $365,000. Finally, Angel Oak Capital Advisors LLC acquired a new position in shares of Greene County Bancorp during the fourth quarter worth $222,000. 13.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Greene County Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 26th.

Greene County Bancorp Trading Down 0.2%

NASDAQ GCBC opened at $23.12 on Wednesday. The company’s fifty day simple moving average is $22.64 and its 200-day simple moving average is $26.59. Greene County Bancorp, Inc. has a 52 week low of $20.00 and a 52 week high of $37.25. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03. The stock has a market cap of $393.73 million, a P/E ratio of 14.92 and a beta of 0.52.

Greene County Bancorp (NASDAQ:GCBC) last posted its earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.47 EPS for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.55%. The business had revenue of $20.07 million for the quarter.

Greene County Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.36 annualized dividend and a yield of 1.56%. Greene County Bancorp’s dividend payout ratio is presently 21.43%.

Insider Activity at Greene County Bancorp

In related news, Director Jay P. Cahalan purchased 1,944 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $26.45 per share, with a total value of $51,418.80. Following the completion of the acquisition, the director now directly owns 29,324 shares of the company’s stock, valued at approximately $775,619.80. The trade was a 7.10% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Tejraj S. Hada purchased 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average cost of $23.39 per share, for a total transaction of $163,730.00. Following the completion of the acquisition, the director now directly owns 15,706 shares of the company’s stock, valued at $367,363.34. This represents a 80.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 10,444 shares of company stock valued at $247,399 over the last ninety days. Corporate insiders own 5.10% 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. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.