Greene County Bancorp CFO Purchases Stock Worth $22,260

On January 31st, 2023, Greene County Bancorp, Inc. (NASDAQ:GCBC) announced that its Chief Financial Officer, Nick Barzee, has acquired 840 shares of the company’s stock. The purchase price for these shares averaged $26.50 each, resulting in a total transaction value of $22,260. Following this transaction, Barzee's total holding in Greene County Bancorp has increased to 1,740 shares, which are currently valued at around $46,110. This acquisition represents a significant 93.33% increase in his ownership position. This transaction was officially reported in a filing with the SEC.

Current Stock Performance

On the trading day following the announcement, shares of Greene County Bancorp traded down by $0.25, bringing the price to $26.25. The company saw around 10,761 shares change hands, which is below its average trading volume of 27,456 shares. The stock has seen a fifty-day moving average of $28.51 and a two-hundred-day moving average of $30.38. Greene County Bancorp has a market capitalization of approximately $447.04 million and a price-to-earnings (P/E) ratio of 16.94, with a beta of 0.45. The firm has recorded a one-year low price of $24.10 and a one-year high of $37.25.

Latest Earnings Announcement

Greene County Bancorp released its latest quarterly earnings report on January 22nd, revealing earnings per share (EPS) of $0.44 for the quarter. The company achieved a net profit margin of 21.02% and a return on equity of 12.72%. In contrast, earnings for the same quarter last year came in at $0.34 per share.

Quarterly Dividend Declaration

Additionally, Greene County Bancorp has recently announced a quarterly dividend, which is scheduled to be paid on February 28th, 2023. Investors who are on record as of February 14th will receive a dividend payment of $0.09 per share. This results in an annualized dividend payout of $0.36, equating to a yield of 1.37%. The ex-dividend date is also set for February 14th. Currently, the company has a dividend payout ratio of 23.23%.

Institutional Investment Changes

Recent activities from various institutional investors indicate a shifting interest in Greene County Bancorp. For instance, Stoneridge Investment Partners LLC established a new position worth approximately $365,000 in the fourth quarter. Meanwhile, State Street Corp increased its stake by 9.0% during the third quarter, now holding 122,592 shares valued at about $3.79 million. Similarly, Barclays PLC raised its position by a remarkable 370.0%, owning 11,723 shares worth around $362,000. Angel Oak Capital Advisors LLC also initiated a new position worth approximately $222,000. Dimensional Fund Advisors LP raised its ownership by 13.7%, totaling 64,791 shares valued at $2.18 million. Overall, institutional investors hold about 13.39% of Greene County Bancorp’s stock.

Analyst Consensus

In analyst news, StockNews.com recently changed its outlook on Greene County Bancorp, downgrading the company's stock from a "hold" rating to a "sell" rating.

About Greene County Bancorp

Greene County Bancorp, Inc. acts as a holding company for The Bank of Greene County, providing a range of financial services throughout the United States. The company offers several deposit products, including savings accounts, NOW accounts, money market accounts, certificates of deposit, checking accounts, and individual retirement accounts.

Stock, CFO, Investment