Greene County Bancorp (NASDAQ:GCBC) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.50 and traded as low as $26.59. Greene County Bancorp shares last traded at $26.60, with a volume of 15,883 shares.

Analysts Set New Price Targets

Separately, StockNews.com cut Greene County Bancorp from a “hold” rating to a “sell” rating in a research report on Friday.

Greene County Bancorp Price Performance

The stock has a market cap of $451.22 million, a price-to-earnings ratio of 17.10 and a beta of 0.46. The company’s 50 day moving average is $28.51 and its 200 day moving average is $30.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.65 and a quick ratio of 0.65.

Greene County Bancorp (NASDAQ:GCBC) last posted 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 net margin of 21.02% and a return on equity of 12.72%. During the same quarter in the prior year, the business posted $0.34 earnings per share.

Greene County Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, February 14th. Greene County Bancorp’s dividend payout ratio (DPR) is 23.23%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Greene County Bancorp by 1.5% during the 3rd 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 in the last quarter. Barclays PLC grew its position in shares of Greene County Bancorp by 370.0% in the third quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 9,229 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Greene County Bancorp by 69.1% during the 3rd 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 worth $493,000 after purchasing an additional 6,517 shares in the last quarter. State Street Corp raised its position in shares of Greene County Bancorp by 9.0% during the 3rd quarter. State Street Corp now owns 122,592 shares of the real estate investment trust’s stock worth $3,788,000 after purchasing an additional 10,152 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Greene County Bancorp by 53.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 13.39% of the company’s stock.

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.