Nick Barzee, CFO of Greene County Bancorp, Inc., Acquires 892 Shares

On Friday, October 25th, Nick Barzee, the Chief Financial Officer of Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report), made a significant purchase of the company’s stock. He bought 892 shares at an average price of $28.57 each, bringing the total expenditure to $25,484.44. After this transaction, Barzee now owns a total of 900 shares in Greene County Bancorp, with an estimated value of around $25,713. This purchase signifies a remarkable increase of 11,100.00% in his ownership stake.

The details of this transaction were formally reported in a filing with the Securities and Exchange Commission (SEC), which is publicly accessible.

Performance of Greene County Bancorp Stock

Following Barzee's purchase, the stock of Greene County Bancorp experienced a slight decline of 1.9% on Friday, falling to $28.21. During the day, 6,696 shares changed hands, in contrast to its average trading volume of 17,351 shares. The stock has shown a 50-day moving average price of $30.61 and a 200-day moving average price of $30.98. The company has a market capitalization of $480.33 million, a price-to-earnings (PE) ratio of 19.97, and a beta value of 0.41. Over the past year, Greene County Bancorp's stock has traded as low as $22.33 and as high as $37.25.

Recent Financial Results

In inancial updates, Greene County Bancorp reported its quarterly earnings on July 23rd. The company recorded earnings per share of $0.40 for the quarter and reported total revenue of $16.58 million. The net profit margin was 21.07%, while the return on equity was measured at 12.63%.

Dividend Announcement

Greene County Bancorp has also announced a quarterly dividend, which is set to be distributed on November 29th. Shareholders on record as of November 15th will receive a dividend of $0.09 per share. The ex-dividend date for this payment is also November 15th. This results in an annualized dividend of $0.36 and a yield of 1.28%. The company maintains a payout ratio of 25.00%.

Institutional Activity

Recent transactions involving institutional investors indicate a growing interest in Greene County Bancorp. In the first quarter, BNP Paribas Financial Markets increased its holdings in the company by 12.7%, acquiring an additional 483 shares and bringing its total to 4,272 shares, currently valued at $123,000. Other institutions such as FineMark National Bank & Trust and Renaissance Technologies LLC also initiated stakes in the company, with respective valuations around $229,000 and $260,000. It’s noteworthy that institutional investors and hedge funds collectively hold about 13.39% of Greene County Bancorp's stock.

Company Overview

Greene County Bancorp, Inc. operates as a holding company for The Bank of Greene County, which offers a variety of financial services throughout the United States. The company’s deposit products include saving accounts, NOW accounts, money market accounts, certificates of deposit, non-interest-bearing checking accounts, and individual retirement accounts.

investment, shares, CFO