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Hada Tejraj S, a director at Greene County Bancorp (NASDAQ:) Inc. (NASDAQ:GCBC), lately elevated their stake within the firm by buying 2,000 shares of widespread inventory. The transaction, which happened on November 1, 2024, was executed at a worth of $28 per share, amounting to a complete funding of $56,000. Following this acquisition, Tejraj’s complete holdings within the firm have risen to roughly 8,651 shares. This transfer underscores the director’s continued confidence in Greene County Bancorp’s prospects.
InvestingPro Insights
The latest insider buy by director Hada Tejraj S aligns with Greene County Bancorp Inc.’s (NASDAQ:GCBC) sturdy monetary place and constant dividend efficiency. In accordance with InvestingPro knowledge, GCBC boasts a market capitalization of $478.96 million and a P/E ratio of 19.41, indicating an affordable valuation relative to its earnings.
InvestingPro Suggestions reveal that GCBC has raised its dividend for 11 consecutive years and has maintained dividend funds for a formidable 25 consecutive years. This monitor report of constant dividend development and upkeep is especially noteworthy within the banking sector, the place stability is extremely valued by buyers. The corporate’s present dividend yield stands at 1.29%, with a strong dividend development charge of 12.5% during the last twelve months.
Regardless of a latest income decline of 10.11% during the last twelve months, GCBC maintains a powerful working revenue margin of 42.7%, demonstrating environment friendly administration of its assets. The corporate’s profitability during the last twelve months, as highlighted by one other InvestingPro Tip, additional helps the director’s determination to extend their stake.
For buyers in search of a extra complete evaluation, InvestingPro presents further ideas and insights on GCBC’s efficiency and outlook. With 6 extra ideas accessible on the InvestingPro platform, subscribers can acquire deeper insights into Greene County Bancorp’s monetary well being and market place.
This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.
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