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

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a report issued on Monday.

Greene County Bancorp Price Performance

Shares of GCBC traded down $0.28 during mid-day trading on Monday, hitting $21.37. 21,755 shares of the company traded hands, compared to its average volume of 26,329. 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 business has a 50-day moving average of $25.51 and a 200 day moving average of $28.22. Greene County Bancorp has a one year low of $21.08 and a one year high of $37.25. The stock has a market capitalization of $363.82 million, a price-to-earnings ratio of 13.87 and a beta of 0.43.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last released 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 12.55% and a net margin of 21.02%. During the same period in the previous year, the company posted $0.34 earnings per share.

Insider Transactions at Greene County Bancorp

In related news, Director Jay P. Cahalan purchased 1,944 shares of Greene County Bancorp stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $26.45 per share, for a total transaction of $51,418.80. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Tejraj S. Hada acquired 7,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average price of $23.39 per share, with a total value of $163,730.00. Following the acquisition, 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 disclosure for this purchase can be found here. Insiders acquired a total of 9,784 shares of company stock worth $237,409 in the last quarter. 5.10% of the stock is owned by company insiders.

Institutional Trading of Greene County Bancorp

A number of hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets increased its stake in Greene County Bancorp by 53.4% in the third 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Greene County Bancorp by 69.1% in the 3rd 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 valued at $493,000 after buying an additional 6,517 shares during the period. State Street Corp increased its position in shares of Greene County Bancorp by 9.0% in the 3rd quarter. State Street Corp now owns 122,592 shares of the real estate investment trust's stock valued at $3,788,000 after buying an additional 10,152 shares in the last quarter. Barclays PLC raised its stake 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 during the period. Finally, Geode Capital Management LLC lifted its holdings in Greene County Bancorp by 1.5% during the third quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust's stock worth $5,048,000 after acquiring an additional 2,458 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.