Greene County Bancorp (NASDAQ:GCBC) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $22.39 and traded as high as $25.00. Greene County Bancorp shares last traded at $24.61, with a volume of 86,105 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Greene County Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 26th.

Greene County Bancorp Price Performance

The business’s 50 day moving average price is $22.39 and its 200-day moving average price is $24.45. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.01.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $0.47 earnings per share for the quarter. Greene County Bancorp had a net margin of 22.04% and a return on equity of 13.12%. The firm had revenue of $20.07 million during the quarter.

Greene County Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, May 16th. Greene County Bancorp’s dividend payout ratio (DPR) is presently 21.43%.

Insider Activity at Greene County Bancorp

In related news, Director Tejraj S. Hada acquired 6,612 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $22.95 per share, for a total transaction of $151,745.40. Following the transaction, the director directly owned 22,318 shares of the company’s stock, valued at approximately $512,198.10. This trade represents a 42.10% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Nick Barzee bought 1,500 shares of Greene County Bancorp stock in a transaction dated Friday, April 25th. The stock was acquired at an average cost of $21.50 per share, for a total transaction of $32,250.00. Following the purchase, the chief financial officer directly owned 3,240 shares in the company, valued at approximately $69,660. The trade was a 86.21% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 8,500 shares of company stock valued at $192,900 in the last 90 days. 5.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GCBC. Angel Oak Capital Advisors LLC boosted its stake in shares of Greene County Bancorp by 425.0% in the 1st quarter. Angel Oak Capital Advisors LLC now owns 42,000 shares of the real estate investment trust’s stock valued at $1,013,000 after purchasing an additional 34,000 shares during the last quarter. LPL Financial LLC raised its position 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 valued at $935,000 after acquiring an additional 27,204 shares during the last quarter. Nuveen LLC bought a new stake in shares of Greene County Bancorp during the 1st quarter valued at $624,000. Millennium Management LLC bought a new stake in shares of Greene County Bancorp during the 4th quarter valued at $403,000. Finally, JPMorgan Chase & Co. raised its position 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 valued at $689,000 after acquiring an additional 13,918 shares during the last quarter. Institutional investors 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.