LPL Financial LLC Purchases 27,204 Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC)

LPL Financial LLC grew its position in Greene County Bancorp, Inc. (NASDAQ:GCBC) by 417.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,718 shares of the real estate investment trust’s stock after purchasing an additional 27,204 shares during the quarter. LPL Financial LLC’s holdings in Greene County Bancorp were worth $935,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of GCBC. KLP Kapitalforvaltning AS acquired a new position in shares of Greene County Bancorp in the 4th quarter valued at about $39,000. Geode Capital Management LLC increased its holdings in Greene County Bancorp by 1.5% in the third quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust’s stock worth $5,048,000 after purchasing an additional 2,458 shares in the last quarter. SG Americas Securities LLC acquired a new position in Greene County Bancorp in the fourth quarter valued at approximately $100,000. JPMorgan Chase & Co. grew its position in shares of Greene County Bancorp by 115.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 5,863 shares during the period. Finally, Angel Oak Capital Advisors LLC bought a new stake in shares of Greene County Bancorp in the 4th quarter valued at $222,000. 13.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a report on Friday.

Insider Activity

In other news, Director Jay P. Cahalan acquired 1,944 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $26.45 per share, for a total transaction of $51,418.80. Following the purchase, the director now owns 29,324 shares in the company, valued at approximately $775,619.80. This represents a 7.10 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tejraj S. Hada bought 7,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average price of $23.39 per share, for a total transaction of $163,730.00. Following the purchase, the director now directly owns 15,706 shares in the company, valued at approximately $367,363.34. The trade was a 80.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 9,784 shares of company stock worth $237,409 over the last quarter. Insiders own 5.10% of the company’s stock.

Greene County Bancorp Stock Up 0.0 %

Greene County Bancorp stock opened at $21.41 on Monday. 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 firm’s fifty day moving average price is $24.21 and its two-hundred day moving average price is $27.40. The firm has a market capitalization of $364.55 million, a price-to-earnings ratio of 13.81 and a beta of 0.36. Greene County Bancorp, Inc. has a 1-year low of $20.00 and a 1-year high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 EPS for the quarter. Greene County Bancorp had a return on equity of 12.55% and a net margin of 21.02%. During the same period in the prior year, the firm earned $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.09 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.36 annualized dividend and a dividend yield of 1.68%. Greene County Bancorp’s payout ratio is 23.23%.

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.