StockNews.com Downgrades Greene County Bancorp (NASDAQ:GCBC) to Sell

Greene County Bancorp (NASDAQ:GCBC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Greene County Bancorp Trading Up 2.3 %

Shares of GCBC stock traded up $0.61 during trading hours on Monday, reaching $27.40. The company had a trading volume of 11,424 shares, compared to its average volume of 23,289. Greene County Bancorp has a 1-year low of $25.25 and a 1-year high of $37.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $466.62 million, a price-to-earnings ratio of 17.68 and a beta of 0.45. The company has a 50 day moving average of $27.71 and a 200 day moving average of $29.72.

Greene County Bancorp (NASDAQ:GCBC) last released its earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share for the quarter. Greene County Bancorp had a return on equity of 12.72% and a net margin of 21.02%. During the same period last year, the business earned $0.34 EPS.

Institutional Investors Weigh In On Greene County Bancorp

Several hedge funds have recently bought and sold shares of GCBC. Squarepoint Ops LLC acquired a new position in shares of Greene County Bancorp in the 4th quarter valued at $271,000. Millennium Management LLC acquired a new position in Greene County Bancorp in the fourth quarter valued at about $403,000. Deutsche Bank AG grew its stake in Greene County Bancorp by 759.3% in the fourth quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,344 shares during the period. Citadel Advisors LLC increased its holdings in shares of Greene County Bancorp by 27.9% in the fourth quarter. Citadel Advisors LLC now owns 29,832 shares of the real estate investment trust’s stock worth $827,000 after acquiring an additional 6,499 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Greene County Bancorp by 26.0% during the fourth quarter. Bank of America Corp DE now owns 7,010 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 1,447 shares during the period. 13.39% of the stock is currently owned by institutional investors and hedge funds.

About Greene County Bancorp

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.