Greene County Bancorp (NASDAQ:GCBC) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.94 and traded as low as $21.22. Greene County Bancorp shares last traded at $21.93, with a volume of 47,983 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Greene County Bancorp from a "sell" rating to a "hold" rating in a research note on Thursday.

Greene County Bancorp Stock Up 1.6 %

The stock has a market capitalization of $367.61 million, a P/E ratio of 13.93 and a beta of 0.36. 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 firm's fifty day moving average is $24.74 and its 200-day moving average is $27.69.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share (EPS) 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 previous year, the company earned $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 annualized dividend and a yield of 1.67%. Greene County Bancorp's payout ratio is 23.23%.

Insider Transactions at Greene County Bancorp

In other news, Director Jay P. Cahalan acquired 1,944 shares of Greene County Bancorp stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $26.45 per share, with a total value of $51,418.80. Following the acquisition, the director now owns 29,324 shares in the company, valued at $775,619.80. This represents a 7.10 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tejraj S. Hada acquired 7,000 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was purchased at an average price of $23.39 per share, for a total transaction of $163,730.00. Following the completion of the transaction, the director now directly owns 15,706 shares in the company, valued at approximately $367,363.34. The trade was a 80.40 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 9,784 shares of company stock worth $237,409. Insiders own 5.10% of the company's stock.

Institutional Trading of Greene County Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in shares of Greene County Bancorp in the 4th quarter valued at about $39,000. Deutsche Bank AG lifted its holdings in Greene County Bancorp by 759.3% in the fourth quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 1,344 shares during the period. Tower Research Capital LLC TRC boosted its stake in Greene County Bancorp by 248.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 1,091 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Greene County Bancorp during the 4th quarter worth $100,000. Finally, GAMMA Investing LLC grew its holdings in Greene County Bancorp by 6,071.2% during the 1st quarter. GAMMA Investing LLC now owns 3,641 shares of the real estate investment trust's stock worth $88,000 after acquiring an additional 3,582 shares during the period. 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.