Hada Tejraj S, Director, Greene county bancorp (NASDAQ:) Inc. (NASDAQ:GCBC) recently increased its stake in the company by purchasing 2,000 shares of its common stock. The transaction, which took place on November 1, 2024, was completed at $28 per share, for a total investment of $56,000. After this acquisition, Tejraj’s total stake in the company increased to approximately 8,651 shares. This move highlights the directors’ continued confidence in Greene County Bancorp’s prospects.
InvestingPro Insights
Recent insider purchases by Director Hada Tejraj S are consistent with Greene County Bancorp Inc.’s (NASDAQ:GCBC) strong balance sheet and consistent dividend performance. According to InvestingPro data, GCBC boasts a market capitalization of $478.96 million and a P/E ratio of 19.41, which indicates a reasonable valuation relative to its earnings.
InvestingPro Tips notes that GCBC has raised its dividend for 11 consecutive years and has maintained impressive dividend payments for 25 consecutive years. This track record of consistent dividend growth and maintenance is particularly notable in the banking sector, where investors value stability. The company’s current dividend yield is 1.29%, with a solid dividend growth rate of 12.5% over the past 12 months.
Despite a recent 10.11% decline in revenue over the last 12 months, GCBC maintained a strong operating margin of 42.7%, demonstrating efficient management of resources. As highlighted in another InvestingPro tip, the company’s profitability over the last 12 months further supports the directors’ decision to increase its stake.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights on GCBC’s performance and outlook. Six additional tips available on the InvestingPro platform provide subscribers with deeper insight into Greene County Bancorp’s financial health and market position.
This article was sponsored by AI and reviewed by an editor. Please see our T&Cs for more details.
