Yahoo Finance Greene County Bancorp, Inc.'s (NASDAQ:GCBC) largest shareholders are private companies with 54% ownership, individual investors own 27%
Key Insights
Significant control over Greene County Bancorp by private companies implies that the general public has more power to influence management and governance-related decisions
Greene County Bancorp, MHC owns 54% of the company
If you want to know who really controls Greene County Bancorp, Inc. (NASDAQ:GCBC), then you'll have to look at the makeup of its share registry. With 54% stake, private companies possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
And individual investors on the other hand have a 27% ownership in the company.
Let's delve deeper into each type of owner of Greene County Bancorp, beginning with the chart below.
Check out our latest analysis for Greene County Bancorp
What Does The Institutional Ownership Tell Us About Greene County Bancorp?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
We can see that Greene County Bancorp does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Greene County Bancorp's earnings history below. Of course, the future is what really matters.
Greene County Bancorp is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Greene County Bancorp, MHC with 54% of shares outstanding. This implies that they have majority interest control of the future of the company. With 4.3% and 2.2% of the shares outstanding respectively, FMR LLC and BlackRock, Inc. are the second and third largest shareholders. Furthermore, CEO Donald Gibson is the owner of 1.0% of the company's shares.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known.
Insider Ownership Of Greene County Bancorp
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our most recent data indicates that insiders own some shares in Greene County Bancorp, Inc.. As individuals, the insiders collectively own US$26m worth of the US$494m company. It is good to see some investment by insiders, but it might be worth checking if those insiders have been buying.
General Public Ownership
With a 27% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Greene County Bancorp. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Private Company Ownership
It seems that Private Companies own 54%, of the Greene County Bancorp stock. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.
Next Steps:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too.
Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow.
Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
