Greene County Bancorp (NASDAQ:GCBC) Upgraded at StockNews.com

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 to investors on Thursday.

Greene County Bancorp Stock Performance

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

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 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 company earned $0.34 earnings per share.

Insider Activity

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in 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 in the last quarter. Geode Capital Management LLC lifted its holdings 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. SG Americas Securities LLC purchased a new stake in shares of Greene County Bancorp in the fourth quarter valued at approximately $100,000. JPMorgan Chase & Co. grew its holdings in Greene County Bancorp by 115.5% during 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 in the last quarter. 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.