Greene County Bancorp (NASDAQ:GCBC) Share Price Crosses Below 200 Day Moving Average - Here's Why

Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $29.54 and traded as low as $26.48. Greene County Bancorp shares last traded at $26.65, with a volume of 21,195 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Greene County Bancorp from a "hold" rating to a "sell" rating in a research note on Monday, February 17th.

Greene County Bancorp Trading Down 2.4 %

The company's 50 day moving average price is $27.08 and its two-hundred day moving average price is $29.50. 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 stock has a market capitalization of $441.00 million, a PE ratio of 16.71 and a beta of 0.45.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.55%. During the same period in the prior year, the company earned $0.34 EPS.

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Greene County Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Friday, February 14th. Greene County Bancorp's dividend payout ratio (DPR) is presently 23.23%.

Hedge Funds Weigh In On Greene County Bancorp

A number of institutional investors have recently bought and sold shares of GCBC. KLP Kapitalforvaltning AS purchased a new position in Greene County Bancorp during the fourth quarter worth about $39,000. Tower Research Capital LLC TRC raised its stake in 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 worth $42,000 after purchasing an additional 1,091 shares during the period. Deutsche Bank AG raised its stake in Greene County Bancorp by 759.3% during 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 period. SG Americas Securities LLC purchased a new position in Greene County Bancorp during the fourth quarter worth about $100,000. Finally, BNP Paribas Financial Markets raised 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 purchasing an additional 1,450 shares during the period. 13.39% of the stock is owned by hedge funds and other 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.