Hada Tejraj S, director at Greene Company County Bancorp (NASDAQ:) Inc. (NASDAQ:GCBC), recently increased their stake in the company by purchasing 2,000 shares of the company’s common stock. The transaction, which takes place on November 1, 2024, was made at a price of $28 per share, representing a total investment of $56,000. After this acquisition, Tejraj’s total holding in the company increased to around 8,651 shares. The move underscores the director’s continued confidence in Greene County Bancorp’s prospects.
InvestingPro Insights
Director Hada Tejraj S’s recent insider buys are consistent with Greene County Bancorp Inc.’s (NASDAQ:GCBC) strong financial position and consistent earnings performance. According to InvestingPro data, GCBC boasts a market capitalization of $478.96 million and a P/E ratio of 19.41, indicating a reasonable valuation relative to its earnings.
InvestingPro Tips reports that GCBC has raised its dividend for 11 consecutive years and maintained dividend payments for 25 consecutive years. This history of growth and maintaining consistent profits is particularly notable in the banking sector, where stability is highly valued by investors. paid a dividend of 1.29% compared to the previous trading day.
Despite a recent 10.11% decline in profits over the past twelve months, GCBC has maintained a strong operating income ratio of 42.7%, which shows good management of its resources. The company’s profits over the past twelve months, as highlighted by another InvestingPro Tip, continue to support the director’s decision to increase their stake.
For investors looking for a comprehensive analysis, InvestingPro offers additional tips and insights on GCBC’s performance and performance. With 6 additional tips available on the InvestingPro platform, subscribers can get in-depth information about Greene County Bancorp’s financial health and market conditions.
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