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

StockNews.com upgraded shares of Greene County Bancorp (NASDAQ:GCBC) from a sell rating to a hold rating in a report published on Thursday.

Greene County Bancorp Stock Performance

Shares of GCBC stock opened at $26.40 on Thursday. Greene County Bancorp has a 52-week low of $24.10 and a 52-week high of $37.25. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.14. The stock has a market cap of $449.59 million, a PE ratio of 17.03 and a beta of 0.46. The business has a 50-day simple moving average of $29.00 and a 200-day simple moving average of $30.62.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share (EPS) 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 in the prior year, the firm earned $0.34 earnings per share.

Greene County Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, February 14th. This represents a $0.36 annualized dividend and a yield of 1.36%. Greene County Bancorp’s dividend payout ratio is presently 23.23%.

Insiders Place Their Bets

In other Greene County Bancorp news, Director Tejraj S. Hada purchased 2,000 shares of Greene County Bancorp stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $28.00 per share, with a total value of $56,000.00. Following the acquisition, the director now owns 8,651 shares of the company’s stock, valued at $242,228. This trade represents a 30.07 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.10% of the company’s stock.

Institutional Trading of Greene County Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Greene County Bancorp in the 4th quarter worth $100,000. BNP Paribas Financial Markets grew its position in shares of Greene County Bancorp by 53.4% in the third quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 1,450 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Greene County Bancorp during the second quarter worth about $260,000. JPMorgan Chase & Co. raised its position in shares of Greene County Bancorp by 115.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock worth $338,000 after purchasing an additional 5,863 shares during the last quarter. Finally, Barclays PLC lifted its stake in Greene County Bancorp by 370.0% in the 3rd quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 9,229 shares in the last quarter. 13.39% of the stock is currently owned by hedge funds and other institutional investors.

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.