Charles Schwab Investment Management Inc. Sells 1,087 Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC)

Charles Schwab Investment Management Inc. trimmed its position in Greene County Bancorp, Inc. (NASDAQ:GCBC) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,118 shares of the real estate investment trust’s stock after selling 1,087 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Greene County Bancorp were worth $530,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in Greene County Bancorp by 53.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 1,450 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Greene County Bancorp by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust’s stock worth $5,048,000 after acquiring an additional 2,458 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Greene County Bancorp during the 4th quarter valued at approximately $100,000. JPMorgan Chase & Co. grew its holdings in shares of Greene County Bancorp by 115.5% in the third quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 5,863 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Greene County Bancorp by 69.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,947 shares of the real estate investment trust’s stock worth $493,000 after purchasing an additional 6,517 shares during the last quarter. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other Greene County Bancorp news, Director Tejraj S. Hada acquired 7,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were bought at an average price of $23.39 per share, with a total value of $163,730.00. Following the transaction, the director now directly owns 15,706 shares of the company’s stock, valued at $367,363.34. The trade was a 80.40 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jay P. Cahalan bought 1,944 shares of Greene County Bancorp stock in a transaction on Thursday, February 27th. The stock was acquired 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 of the company’s stock, valued at approximately $775,619.80. This trade represents a 7.10 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 9,784 shares of company stock valued at $237,409. 5.10% of the stock is currently owned by company insiders.

Greene County Bancorp Stock Down 0.7 %

Shares of NASDAQ:GCBC opened at $24.11 on Tuesday. The company has a market cap of $410.52 million, a price-to-earnings ratio of 15.55 and a beta of 0.43. Greene County Bancorp, Inc. has a 12 month low of $21.75 and a 12 month high of $37.25. 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 company has a 50-day moving average price of $25.75 and a 200 day moving average price of $28.36.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share (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 last year, the business posted $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Friday, February 14th. Greene County Bancorp’s dividend payout ratio (DPR) is 23.23%.

Greene County Bancorp 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.