Greene County Bancorp, Inc. (NASDAQ:GCBC) Short Interest Down 14.1% in March

Greene County Bancorp, Inc. (NASDAQ:GCBC) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 50,500 shares, a drop of 14.1% from the March 15th total of 58,800 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 9,300 shares, the short-interest ratio is presently 5.4 days.

Greene County Bancorp Stock Up 2.6 %

Shares of NASDAQ GCBC opened at $27.25 on Tuesday. The company has a market capitalization of $464.07 million, a P/E ratio of 17.25 and a beta of 0.42. Greene County Bancorp has a 52-week low of $17.50 and a 52-week 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. The company’s 50 day moving average price is $27.95 and its 200-day moving average price is $26.51.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter. The firm had revenue of $15.87 million for the quarter. Greene County Bancorp had a net margin of 24.60% and a return on equity of 14.42%.

Greene County Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th were given a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.17%. Greene County Bancorp’s dividend payout ratio (DPR) is currently 20.25%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Greene County Bancorp by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,290 shares of the real estate investment trust’s stock worth $533,000 after purchasing an additional 234 shares during the period. Renaissance Technologies LLC lifted its position in shares of Greene County Bancorp by 4.8% during the 3rd quarter. Renaissance Technologies LLC now owns 6,500 shares of the real estate investment trust’s stock valued at $372,000 after acquiring an additional 300 shares during the period. California State Teachers Retirement System lifted its position in shares of Greene County Bancorp by 5.0% during the 4th quarter. California State Teachers Retirement System now owns 7,956 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 380 shares during the period. Bank of America Corp DE lifted its position in shares of Greene County Bancorp by 135.3% during the 1st quarter. Bank of America Corp DE now owns 680 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 391 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Greene County Bancorp during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 13.39% of the company’s stock.

Greene County Bancorp Company Profile

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.