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

Greene County Bancorp (NASDAQ:GCBC) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Greene County Bancorp Price Performance

Shares of GCBC opened at $21.41 on Friday. The company’s 50-day moving average is $24.31 and its 200-day moving average is $27.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $364.55 million, a PE ratio of 13.81 and a beta of 0.36. Greene County Bancorp has a fifty-two week low of $20.00 and a fifty-two week 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 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 period last year, the business posted $0.34 EPS.

Insider Activity at Greene County Bancorp

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

Institutional Investors Weigh In On Greene County Bancorp

A number of hedge funds have recently made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new stake in Greene County Bancorp during the 4th quarter worth $39,000. Tower Research Capital LLC TRC raised its stake in shares of Greene County Bancorp by 248.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,091 shares during the last quarter. Deutsche Bank AG grew its stake 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 worth $42,000 after purchasing an additional 1,344 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Greene County Bancorp by 6,071.2% in the first quarter. GAMMA Investing LLC now owns 3,641 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 3,582 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Greene County Bancorp during the 4th quarter worth $100,000. 13.39% of the stock is currently 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.