Greene County Bancorp (NASDAQ:GCBC) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.27 and traded as low as $25.16. Greene County Bancorp shares last traded at $25.84, with a volume of 21,620 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, February 17th.

Greene County Bancorp Trading Down 1.5 %

The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $26.64 and its 200-day moving average is $29.18. The firm has a market cap of $425.68 million, a P/E ratio of 16.13 and a beta of 0.43.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 EPS for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.55%. During the same period in the prior year, the firm earned $0.34 earnings per share.

Greene County Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Friday, February 14th. Greene County Bancorp’s dividend payout ratio is presently 23.23%.

Insiders Place Their Bets

In other Greene County Bancorp news, Director Jay P. Cahalan acquired 1,944 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $26.45 per share, with a total value of $51,418.80. Following the completion of the acquisition, the director now directly owns 29,324 shares in the company, valued at $775,619.80. This trade represents a 7.10 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Greene County Bancorp

Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in shares of Greene County Bancorp by 1.5% during the third quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust’s stock valued at $5,048,000 after acquiring an additional 2,458 shares during the period. Barclays PLC boosted its holdings in shares of Greene County Bancorp by 370.0% during the third quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock valued at $362,000 after acquiring an additional 9,229 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Greene County Bancorp by 69.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,947 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 6,517 shares during the period. SG Americas Securities LLC acquired a new position in shares of Greene County Bancorp during the fourth quarter valued at $100,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Greene County Bancorp by 115.5% during the third quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock valued at $338,000 after acquiring an additional 5,863 shares during the period. Institutional investors and hedge funds own 13.39% of the company’s stock.

Greene County Bancorp Company Profile

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.