StockNews.com Upgrades Greene County Bancorp (NASDAQ:GCBC) to “Hold”

Greene County Bancorp (NASDAQ:GCBC) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Greene County Bancorp Trading Down 3.0 %

Greene County Bancorp stock traded down $0.80 during midday trading on Thursday, hitting $26.05. 18,516 shares of the stock were exchanged, compared to its average volume of 28,323. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $443.63 million, a price-to-earnings ratio of 17.97 and a beta of 0.46. The stock’s 50-day simple moving average is $29.13 and its 200 day simple moving average is $30.64. Greene County Bancorp has a fifty-two week low of $24.10 and a fifty-two week high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 EPS for the quarter. Greene County Bancorp had a return on equity of 12.03% and a net margin of 20.28%. During the same period in the previous year, the firm earned $0.34 EPS.

Insider Activity

In other Greene County Bancorp news, CFO Nick Barzee purchased 892 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was bought at an average price of $28.57 per share, with a total value of $25,484.44. Following the transaction, the chief financial officer now directly owns 900 shares of the company’s stock, valued at approximately $25,713. This represents a 11,150.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tejraj S. Hada acquired 2,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of $28.00 per share, for a total transaction of $56,000.00. Following the transaction, the director now directly owns 8,651 shares of the company’s stock, valued at approximately $242,228. This trade represents a 30.07 % increase in their position. The disclosure for this purchase can be found here. Insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GCBC. Geode Capital Management LLC boosted its stake in shares of Greene County Bancorp by 1.5% in 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 buying an additional 2,458 shares during the period. Barclays PLC raised its holdings in 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 acquiring an additional 9,229 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Greene County Bancorp by 69.1% in the third 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 acquiring an additional 6,517 shares during the last quarter. State Street Corp grew its holdings in 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 acquiring an additional 10,152 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of 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 purchasing an additional 1,450 shares during the last quarter. 13.39% of the stock is owned by institutional investors and hedge funds.

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.