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GCBC

Greene County Bancorp($GCBC) Executives Keep Buying Shares - Why $380,000 in Insider Purchases Amid 40% Stock Decline Deserves Attention

04/29/2025 10:16

Sentiment

C-Level

Summary

  • Multiple executives of Greene County Bancorp ($GCBC), including SVP Nick Barzee, have consistently purchased company shares from October 2024 through April 2025, with total insider purchases reaching approximately $380,000 over the past six months
  • The company demonstrates strong financial performance with quarterly revenue growth of 23.1%, earnings growth of 37.4%, and an impressive 41% profit margin
  • Aggressive insider buying amid a 40% stock price decline over the past year suggests the current share price may be undervalued

POSITIVE

  • Consistent insider buying: Multiple executives have consistently purchased shares over six months, signaling strong confidence
  • Impressive financial performance: 41.11% profit margin, 37.4% quarterly earnings growth, and 13.33% ROE
  • Attractive valuation: P/E ratio of 13x represents relative undervaluation within the financial sector
  • Solid capital structure: Low leverage with debt ratio of 3.14% providing stability amid economic uncertainties
  • Strong long-term performance: 128.28% return over five years, significantly outperforming the S&P 500

NEGATIVE

  • Stock weakness: Approximately 40% decline from July 2024 high, with consistent downward trend over past six months
  • Market volatility: High volatility in financial markets due to U.S.-China trade tensions and tariff policies
  • Large CFO sale in June 2024: Then-CFO Michelle Plummer sold shares worth approximately $375,000

Expert

While the regional banking sector faces pressure from interest rate fluctuations and economic uncertainties, Greene County Bancorp differentiates itself with strong financial performance and healthy asset quality. The consistent insider buying pattern suggests corporate value that the market is overlooking, and the current discounted P/E ratio may offer an attractive entry point for long-term investors.

Previous Closing Price

$21.69

-0.22(1.00%)

Average Insider Trading Data Over the Past Year

$24.96

Purchase Average Price

$30.49

Sale Average Price

$402.46K

Purchase Amount

$375.66K

Sale Amount

Transaction related to News

Trading Date

Filing Date

Insider

Title

Type

Avg. Price

Trans. Value

05/31/2025

05/31/2025

Sale

$

Nick Barzee, Senior Vice President of Greene County Bancorp ($GCBC), purchased 1,500 shares at $21.50 per share on April 25, 2025. This $32,250 transaction reinforces a consistent buying pattern among the company's executives and board members over recent months. This purchase comes as $GCBC's stock has declined approximately 40% from its July 2024 high of around $36. Notably, Barzee has made multiple purchases beyond this latest transaction, acquiring 892 shares in October 2024 and 840 shares in February 2025. His total investment over the past six months amounts to approximately $80,000. Barzee is not alone in his confidence. Board member Tejraj Hada purchased 7,000 shares (worth about $163,000) on March 19, 2025, just four months after acquiring 2,000 shares in early November 2024. Fellow director Jay Cahalan also bought a total of 3,744 shares (approximately $100,000) over two days in late February 2025. This insider buying activity is particularly noteworthy when paired with Greene County Bancorp's strong financial performance. The company reported net interest income of $16.21 million and net income of $8.05 million for Q1 2025. Particularly impressive are the quarterly revenue growth rate of 23.1% year-over-year and earnings growth of 37.4%. This small regional bank, with a market capitalization of approximately $372 million, boasts a remarkable profit margin of 41.11% and a return on equity (ROE) of 13.33%. With earnings per share (EPS) of $1.67, the current stock price represents a P/E ratio of about 13, offering an attractive valuation compared to other financial sector peers. This strong signal of insider confidence comes amid significant volatility in U.S. markets. Early April 2025 saw major declines in the S&P 500 due to escalating U.S.-China trade tensions and tariff policies announced by President Trump, putting pressure on many regional banks. Barzee has built a substantial career at Greene County Bancorp, developing deep expertise in regional banking operations and financial management. His consistent stock purchases reflect strong conviction in the company's long-term value and growth potential. It's worth noting that while then-CFO Michelle Plummer sold approximately 12,320 shares (worth about $375,000) in June 2024, all insider transactions since then have been purchases. This represents a powerful vote of confidence from leadership as the stock declined from around $30 to the $21 range. Greene County Bancorp is a New York-based regional bank providing retail and commercial banking services, including deposits, loans, and investment brokerage services. The bank's strong capital foundation and low leverage (debt ratio of approximately 3.14%) provide stability even in uncertain economic environments. Despite recent price declines, $GCBC has significantly outperformed the S&P 500 over the long term, delivering a 128.28% return over five years. This performance, combined with recent insider buying activity, suggests the stock may currently be undervalued. Investors should consider these strong insider buying signals alongside the company's solid financial performance, particularly as economic uncertainties persist. The consistent and substantial purchases by company insiders while the stock is under pressure can be interpreted as a significant vote of confidence.

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