Greene County Bancorp (NASDAQ:GCBC) Stock Rating Upgraded by StockNews.com

Greene County Bancorp (NASDAQ:GCBC) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Greene County Bancorp Stock Down 1.5 %

Shares of GCBC opened at $26.60 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.65 and a current ratio of 0.65. Greene County Bancorp has a 52 week low of $25.25 and a 52 week high of $37.25. The stock has a market capitalization of $453.00 million, a price-to-earnings ratio of 17.16 and a beta of 0.45. The stock has a fifty day moving average of $28.16 and a 200-day moving average of $30.23.

Greene County Bancorp (NASDAQ:GCBC) last posted its earnings results 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 12.72% and a net margin of 21.02%. During the same period in the prior year, the firm earned $0.34 earnings per share.

Hedge Funds Weigh In On Greene County Bancorp

A number of hedge funds have recently modified their holdings of GCBC. SG Americas Securities LLC acquired a new stake in Greene County Bancorp in the fourth quarter valued at $100,000. BNP Paribas Financial Markets grew 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 buying an additional 1,450 shares during the last quarter. Angel Oak Capital Advisors LLC acquired a new stake in shares of Greene County Bancorp in the fourth quarter valued at about $222,000. Renaissance Technologies LLC bought a new position in shares of Greene County Bancorp during the second quarter worth about $260,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Greene County Bancorp by 115.5% in the third quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock worth $338,000 after acquiring an additional 5,863 shares during the period. Institutional investors and hedge funds own 13.39% of the company’s stock.

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.