Greene County Bancorp (NASDAQ:GCBC) Stock Rating Upgraded by StockNews.com

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

Greene County Bancorp Stock Performance

Shares of NASDAQ:GCBC opened at $22.08 on Friday. The company’s 50 day moving average price is $23.63 and its two-hundred day moving average price is $27.13. Greene County Bancorp has a 12-month low of $20.00 and a 12-month high of $37.25. The firm has a market cap of $375.96 million, a PE ratio of 14.25 and a beta of 0.36. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.03.

Greene County Bancorp (NASDAQ:GCBC) last announced its earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.47 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%. The firm had revenue of $20.07 million for the quarter.

Insiders Place Their Bets

In other Greene County Bancorp news, Director Tejraj S. Hada purchased 7,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was bought at an average price of $23.39 per share, with a total value of $163,730.00. Following the acquisition, the director now owns 15,706 shares of the company’s stock, valued at approximately $367,363.34. This represents a 80.40 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Nick Barzee purchased 1,500 shares of the stock in a transaction dated Friday, April 25th. The shares were acquired at an average cost of $21.50 per share, with a total value of $32,250.00. Following the acquisition, the chief financial officer now directly owns 3,240 shares in the company, valued at $69,660. This represents a 86.21 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 11,284 shares of company stock worth $269,659 in the last quarter. Corporate insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Greene County Bancorp

A number of institutional investors have recently modified their holdings of GCBC. LPL Financial LLC raised its holdings in shares of Greene County Bancorp by 417.6% during the 4th quarter. LPL Financial LLC now owns 33,718 shares of the real estate investment trust’s stock worth $935,000 after buying an additional 27,204 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Greene County Bancorp during the 4th quarter worth $403,000. JPMorgan Chase & Co. raised its holdings in shares of Greene County Bancorp by 127.2% during the 4th quarter. JPMorgan Chase & Co. now owns 24,859 shares of the real estate investment trust’s stock worth $689,000 after buying an additional 13,918 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of Greene County Bancorp during the 4th quarter worth $365,000. Finally, Marshall Wace LLP acquired a new position in shares of Greene County Bancorp during the 4th quarter worth $286,000. 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.