Greene County Bancorp (NASDAQ:GCBC) Upgraded to Hold at StockNews.com

Greene County Bancorp (NASDAQ:GCBC) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Greene County Bancorp Stock Down 0.5 %

Shares of NASDAQ:GCBC traded down $0.12 during midday trading on Tuesday, reaching $23.45. 52,477 shares of the company were exchanged, compared to its average volume of 20,305. Greene County Bancorp has a fifty-two week low of $23.31 and a fifty-two week high of $37.25. 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 stock has a fifty day simple moving average of $26.33 and a two-hundred day simple moving average of $28.88. The firm has a market cap of $399.28 million, a PE ratio of 15.13 and a beta of 0.43.

Greene County Bancorp (NASDAQ:GCBC) last issued 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 quarter last year, the business earned $0.34 EPS.

Insider Buying and Selling at Greene County Bancorp

In other Greene County Bancorp news, Director Jay P. Cahalan purchased 1,944 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $26.45 per share, for a total transaction of $51,418.80. Following the purchase, the director now owns 29,324 shares of the company’s stock, valued at approximately $775,619.80. This represents a 7.10 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Greene County Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS acquired a new stake in Greene County Bancorp in the 4th quarter valued at $39,000. Tower Research Capital LLC TRC increased its stake in shares of Greene County Bancorp by 248.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,091 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Greene County Bancorp by 759.3% during the 4th quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,344 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Greene County Bancorp during the 4th quarter worth about $100,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Greene County Bancorp by 53.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,450 shares during the last quarter. 13.39% of the stock is currently owned by institutional investors and hedge funds.

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.