StockNews.com Downgrades Greene County Bancorp (NASDAQ:GCBC) to Sell

StockNews.com lowered shares of Greene County Bancorp (NASDAQ:GCBC) from a hold rating to a sell rating in a report issued on Monday.

Greene County Bancorp Price Performance

Shares of GCBC stock opened at $24.11 on Monday. The firm has a market cap of $410.52 million, a P/E ratio of 15.55 and a beta of 0.43. The business’s 50 day moving average price is $25.75 and its 200-day moving average price is $28.36. Greene County Bancorp has a fifty-two week low of $21.75 and a fifty-two week high of $37.25. 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 (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 prior year, the company earned $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 annualized dividend and a yield of 1.49%. Greene County Bancorp’s payout ratio is 23.23%.

Insider Buying and Selling at Greene County Bancorp

In other Greene County Bancorp news, Director Jay P. Cahalan acquired 1,944 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were acquired at an average price of $26.45 per share, for a total transaction of $51,418.80. Following the completion of the acquisition, the director now owns 29,324 shares in the company, valued at $775,619.80. This trade represents a 7.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tejraj S. Hada bought 7,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average price of $23.39 per share, with a total value of $163,730.00. Following the completion of the acquisition, the director now directly owns 15,706 shares of the company’s stock, valued at approximately $367,363.34. The trade was a 80.40 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 9,784 shares of company stock valued at $237,409. 5.10% of the stock is currently owned by company insiders.

Institutional Trading of Greene County Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in Greene County Bancorp by 417.6% in the fourth quarter. LPL Financial LLC now owns 33,718 shares of the real estate investment trust’s stock worth $935,000 after acquiring an additional 27,204 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Greene County Bancorp in the 4th quarter worth about $403,000. JPMorgan Chase & Co. boosted its stake in Greene County Bancorp by 127.2% in the 4th quarter. JPMorgan Chase & Co. now owns 24,859 shares of the real estate investment trust’s stock worth $689,000 after purchasing an additional 13,918 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in Greene County Bancorp during the 4th quarter valued at about $365,000. Finally, Marshall Wace LLP bought a new stake in Greene County Bancorp during the 4th quarter valued at about $286,000. Hedge funds and other 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.