Greene County Bancorp, Inc. announces a stock repurchase program for up to 400,000 shares of common stock.
Quiver AI Summary
Greene County Bancorp, Inc. has announced a stock repurchase program authorized by its Board of Directors, allowing the Company to buy back up to 400,000 shares of its common stock, which constitutes about 5% of its outstanding shares. The repurchases can occur through various means, including open market transactions, and are set to begin following the release of the Company's operational results for the first quarter of 2026. Management will determine the timing and pricing of these repurchases based on market conditions and the Company’s financial performance. The program may be modified or suspended at any time, depending on market factors and other considerations. Greene County Bancorp is the parent company of the Bank of Greene County and Greene County Commercial Bank, serving communities in New York’s Hudson Valley and Capital Region.
Potential Positives
- The adoption of a stock repurchase program highlights the company's confidence in its financial stability and commitment to enhancing shareholder value.
- The program allows for the repurchase of up to 400,000 shares, representing 5.0% of outstanding common stock, which may improve earnings per share and potentially increase the stock price.
- The flexibility of the repurchase program, allowing for purchases in various market conditions and through multiple transaction types, shows strategic financial management by the company's leadership.
Potential Negatives
- The stock repurchase program may create concerns about the company's ability to allocate capital effectively, as it relies on discretionary management decisions and market conditions, which could signal financial instability.
- The program does not obligate the company to repurchase any specific number of shares, potentially leading to uncertainty among investors about the company's commitment to returning value.
- The forward-looking statements highlight various risks and uncertainties that may adversely affect the company’s operations, including economic conditions and regulatory changes, which may undermine investor confidence.
FAQ
What is the purpose of Greene County Bancorp's stock repurchase program?
The program aims to repurchase up to 400,000 shares of common stock to support shareholder value.
When will the stock repurchases begin?
Repurchases are expected to commence after the Company releases its quarterly results for March 31, 2026.
How will shares be repurchased?
Shares may be repurchased through open market or private transactions, block trades, and trading plans under SEC Rule 10b5-1.
Can the stock repurchase program be modified or terminated?
Yes, the program can be suspended, modified, or terminated at any time for various reasons, including market conditions.
What is Greene County Bancorp's market status?
Greene County Bancorp, Inc. is publicly traded on the Nasdaq Capital Market under the ticker symbol GCBC.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GCBC Insider Trading Activity
$GCBC insiders have traded $GCBC stock on the open market 24 times in the past 6 months. Of those trades, 24 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $GCBC stock by insiders over the last 6 months:
- TEJRAJ S HADA has made 7 purchases buying 11,146 shares for an estimated $245,614 and 0 sales.
- JAY P. CAHALAN has made 9 purchases buying 4,300 shares for an estimated $97,742 and 0 sales.
- PETER W. HOGAN purchased 3,000 shares for an estimated $66,300
- CHRISTOPHER CANNUCCIARI has made 3 purchases buying 2,429 shares for an estimated $54,479 and 0 sales.
- JOHN ANTALEK (EVP and CLO) purchased 1,500 shares for an estimated $33,000
- NICK BARZEE (SVP and CFO) purchased 1,280 shares for an estimated $28,864
- DONALD E GIBSON (President and CEO) has made 2 purchases buying 1,000 shares for an estimated $21,875 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GCBC Revenue
$GCBC had revenues of $41.3M in Q2 2026. This is an increase of 28.94% from the same period in the prior year.
You can track GCBC financials on Quiver Quantitative's GCBC stock page.
$GCBC Hedge Fund Activity
We have seen 23 institutional investors add shares of $GCBC stock to their portfolio, and 34 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- STIFEL FINANCIAL CORP removed 59,440 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $1,321,351
- COVALENT PARTNERS LLC added 17,329 shares (+37.9%) to their portfolio in Q4 2025, for an estimated $385,223
- LOS ANGELES CAPITAL MANAGEMENT LLC removed 13,810 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $306,996
- MILLENNIUM MANAGEMENT LLC removed 10,687 shares (-22.7%) from their portfolio in Q4 2025, for an estimated $237,572
- FIRST TRUST ADVISORS LP removed 9,374 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $208,384
- LPL FINANCIAL LLC added 9,062 shares (+26.8%) to their portfolio in Q4 2025, for an estimated $201,448
- BANK OF NEW YORK MELLON CORP added 7,147 shares (+36.4%) to their portfolio in Q4 2025, for an estimated $158,877
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
CATSKILL, N.Y., April 15, 2026 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (the “Company”) (NASDAQ-GCBC), the holding company for Bank of Greene County and its subsidiary Greene County Commercial Bank, today announced that its Board of Directors has adopted a stock repurchase program. Under the repurchase program, the Company may repurchase up to 400,000 shares of its common stock. This amount represents approximately 5.0% of the Company’s 7,808,300 shares of outstanding common stock held by shareholders other than Greene County Bancorp, MHC, the Company’s majority mutual holding company parent.
The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission.
Repurchases are expected to commence after the Company publicly releases its results of operations for the quarter ended March 31, 2026. Repurchases will be made at management’s discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.
The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deemed appropriate. These factors may also affect the timing and amount of share repurchases. The repurchase program does not obligate the Company to purchase any particular number of shares.
About Greene County Bancorp, Inc.
Greene County Bancorp, Inc. is the holding company for the Bank of Greene County, and its subsidiary Greene County Commercial Bank. The Company is the leading provider of community-based banking services throughout the Hudson Valley and Capital Region of New York State. Its customers include individuals, businesses, municipalities and other institutions. Greene County Bancorp, Inc. (GCBC) is publicly traded on the Nasdaq Capital Market and is dedicated to promoting economic development and a high quality of life in the communities it serves. For more information on Greene County Bancorp, Inc., visit www.tbogc.com .
Forward-Looking Statements
In addition to historical information, this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which describes the future plans, strategies and expectations of the Company. Forward-looking statements can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “assume,” “plan,” “seek,” “expect,” “will,” “may,” “should,” “indicate,” “would,” “contemplate,” “continue,” “target” and words of similar meaning. Forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Accordingly, you should not place undue reliance on such statements. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this report. Factors which could have a material adverse effect on the operations of the Company and its subsidiaries include, but are not limited to, changes in general economic conditions, interest rates and inflation; changes in asset quality; our ability to access cost-effective funding; fluctuations in real estate values; changes in laws or regulations; the effects of any federal government shutdown; changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; changes in technology; failures or breaches of our IT security systems; our ability to introduce new products and services and capitalize on growth opportunities; changes in accounting policies and practices; our ability to retain key employees; and the effects of natural disasters and geopolitical events, including terrorism, conflict and acts of war.
For Further Information Contact:
Donald E. Gibson
President and CEO
(518) 943-2600
[email protected]
