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

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

Greene County Bancorp Stock Performance

Shares of GCBC opened at $26.40 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.65 and a quick ratio of 0.65. Greene County Bancorp has a one year low of $24.10 and a one year high of $37.25. The company’s fifty day moving average price is $29.00 and its 200 day moving average price is $30.61. The company has a market capitalization of $449.51 million, a PE ratio of 17.03 and a beta of 0.46.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share for the quarter. Greene County Bancorp had a return on equity of 12.72% and a net margin of 21.02%. During the same quarter in the previous year, the firm posted $0.34 earnings per share.

Insider Buying and Selling at Greene County Bancorp

In other Greene County Bancorp news, Director Tejraj S. Hada bought 2,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $28.00 per share, with a total value of $56,000.00. Following the completion of the purchase, the director now directly owns 8,651 shares in the company, valued at $242,228. The trade was a 30.07 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Greene County Bancorp

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in shares of Greene County Bancorp during the fourth quarter valued at $100,000. BNP Paribas Financial Markets grew its stake in Greene County Bancorp by 53.4% during the third quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 1,450 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Greene County Bancorp during the second quarter worth approximately $260,000. JPMorgan Chase & Co. raised its position in Greene County Bancorp by 115.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 5,863 shares during the last quarter. Finally, Barclays PLC lifted its position in Greene County Bancorp by 370.0% during the 3rd quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 9,229 shares in the last quarter. 13.39% of the stock is currently owned by institutional investors.

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.