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

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

Greene County Bancorp Stock Performance

Shares of NASDAQ GCBC opened at $23.60 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03. The stock has a 50 day simple moving average of $26.27 and a 200-day simple moving average of $28.84. The company has a market cap of $401.84 million, a PE ratio of 15.23 and a beta of 0.43. Greene County Bancorp has a 12-month low of $23.11 and a 12-month high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 12.55% and a net margin of 21.02%. During the same quarter in the prior year, the firm earned $0.34 earnings per share.

Insider Transactions at Greene County Bancorp

In other news, Director Jay P. Cahalan bought 1,944 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $26.45 per share, for a total transaction of $51,418.80. Following the completion of the transaction, the director now directly owns 29,324 shares of the company’s stock, valued at approximately $775,619.80. This trade represents a 7.10 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Greene County Bancorp

A number of institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Greene County Bancorp by 9.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,450 shares of the real estate investment trust’s stock worth $484,000 after purchasing an additional 1,503 shares during the period. Squarepoint Ops LLC bought a new position in shares of Greene County Bancorp in the fourth quarter valued at $271,000. Millennium Management LLC bought a new position in shares of Greene County Bancorp in the fourth quarter valued at $403,000. Deutsche Bank AG increased its holdings in shares of Greene County Bancorp by 759.3% in the fourth quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,344 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of Greene County Bancorp by 27.9% in the fourth quarter. Citadel Advisors LLC now owns 29,832 shares of the real estate investment trust’s stock valued at $827,000 after buying an additional 6,499 shares in the last quarter. 13.39% of the stock is currently owned by institutional investors and hedge funds.

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.