Greene County Bancorp (NASDAQ:GCBC) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Greene County Bancorp (NASDAQ:GCBC) from a hold rating to a sell rating in a research note published on Monday morning.

Greene County Bancorp Stock Up 0.0 %

GCBC opened at $27.41 on Monday. The company has a fifty day moving average of $27.56 and a two-hundred day moving average of $29.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.63 and a current ratio of 0.63. Greene County Bancorp has a fifty-two week low of $25.25 and a fifty-two week high of $37.25. The stock has a market capitalization of $466.79 million, a price-to-earnings ratio of 17.68 and a beta of 0.45.

Greene County Bancorp (NASDAQ:GCBC) last released 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 12.55%. During the same period in the previous year, the company posted $0.34 EPS.

Greene County Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Friday, February 14th. Greene County Bancorp’s dividend payout ratio is currently 23.23%.

Institutional Trading of Greene County Bancorp

Several large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in Greene County Bancorp by 417.6% during the fourth quarter. LPL Financial LLC now owns 33,718 shares of the real estate investment trust’s stock worth $935,000 after purchasing an additional 27,204 shares during the period. Millennium Management LLC purchased a new stake in shares of Greene County Bancorp during the 4th quarter valued at approximately $403,000. JPMorgan Chase & Co. lifted its holdings in Greene County Bancorp by 127.2% in the fourth quarter. JPMorgan Chase & Co. now owns 24,859 shares of the real estate investment trust’s stock valued at $689,000 after acquiring an additional 13,918 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in Greene County Bancorp in the fourth quarter worth approximately $365,000. Finally, Marshall Wace LLP acquired a new stake in Greene County Bancorp during the fourth quarter worth $286,000. 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.