BNP Paribas Financial Markets Reduces Stock Position in Greene County Bancorp, Inc. (NASDAQ:GCBC)

BNP Paribas Financial Markets cut its holdings in Greene County Bancorp, Inc. (NASDAQ:GCBC) by 62.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,567 shares of the real estate investment trust’s stock after selling 2,598 shares during the period. BNP Paribas Financial Markets’ holdings in Greene County Bancorp were worth $43,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Northern Trust Corp lifted its holdings in Greene County Bancorp by 2.5% in the fourth quarter. Northern Trust Corp now owns 66,422 shares of the real estate investment trust’s stock valued at $1,841,000 after acquiring an additional 1,632 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Greene County Bancorp by 248.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,091 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Greene County Bancorp by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 75,670 shares of the real estate investment trust’s stock valued at $2,098,000 after acquiring an additional 1,025 shares during the last quarter. Marshall Wace LLP acquired a new position in Greene County Bancorp in the fourth quarter valued at approximately $286,000. Finally, Barclays PLC lifted its holdings in Greene County Bancorp by 8.4% in the fourth quarter. Barclays PLC now owns 12,703 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 980 shares during the last quarter. 13.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Greene County Bancorp

In other news, CFO Nick Barzee bought 1,500 shares of the business’s stock in a transaction on Friday, April 25th. The shares were bought at an average price of $21.50 per share, with a total value of $32,250.00. Following the completion of the transaction, the chief financial officer now directly owns 3,240 shares in the company, valued at $69,660. This trade represents a 86.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tejraj S. Hada acquired 7,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were bought at an average cost of $23.39 per share, for a total transaction of $163,730.00. Following the transaction, the director now directly owns 15,706 shares of the company’s stock, valued at approximately $367,363.34. This trade represents a 80.40% increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 15,500 shares of company stock valued at $356,630 over the last quarter. 5.10% of the stock is owned by company insiders.

Greene County Bancorp Trading Up 3.4%

GCBC opened at $21.99 on Wednesday. Greene County Bancorp, Inc. has a one year low of $20.00 and a one year high of $37.25. The stock has a market capitalization of $374.49 million, a PE ratio of 14.19 and a beta of 0.52. The business’s 50 day moving average price is $22.22 and its 200 day moving average price is $25.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.63 and a current ratio of 0.63.

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

Greene County Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Friday, May 16th. Greene County Bancorp’s payout ratio is 21.43%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Greene County Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 26th.

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.