Hada Tejraj S, a director at Greene County Bancorp (NASDAQ:ICBK) Inc. (NASDAQ:GCBC), recently increased their stake in the company by purchasing 2,000 shares of common stock. The transaction, which took place on November 1, 2024, was executed at a price of $28 per share, amounting to a total investment of $56,000. Following this acquisition, Tejraj's total holdings in the company have risen to approximately 8,651 shares. This move underscores the director's continued confidence in Greene County Bancorp's prospects.
InvestingPro Insights
The recent insider purchase by director Hada Tejraj S aligns with Greene County Bancorp Inc.'s (NASDAQ:GCBC) strong financial position 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, indicating a reasonable valuation relative to its earnings.
InvestingPro Tips reveal that GCBC has raised its dividend for 11 consecutive years and has maintained dividend payments for an impressive 25 consecutive years. This track record of consistent dividend growth and maintenance is particularly noteworthy in the banking sector, where stability is highly valued by investors. The company's current dividend yield stands at 1.29%, with a robust dividend growth rate of 12.5% over the last twelve months.
Despite a recent revenue decline of 10.11% over the last twelve months, GCBC maintains a strong operating income margin of 42.7%, demonstrating efficient management of its resources. The company's profitability over the last twelve months, as highlighted by another InvestingPro Tip, further supports the director's decision to increase their stake.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights on GCBC's performance and outlook. With 6 more tips available on the InvestingPro platform, subscribers can gain deeper insights into Greene County Bancorp's financial health and market position.
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