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

StockNews.com upgraded shares of Greene County Bancorp (NASDAQ:GCBC - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Greene County Bancorp Stock Down 0.3 %

NASDAQ GCBC traded down $0.08 on Friday, reaching $26.80. The company had a trading volume of 13,208 shares, compared to its average volume of 25,552. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.14. The company's fifty day moving average is $27.98 and its 200 day moving average is $29.95. 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 $456.40 million, a P/E ratio of 17.29 and a beta of 0.45.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last released 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 12.72%. During the same quarter last year, the company earned $0.34 EPS.

Greene County Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, February 14th. Greene County Bancorp's payout ratio is 23.23%.

Hedge Funds Weigh In On Greene County Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in shares of Greene County Bancorp by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the real estate investment trust's stock worth $2,182,000 after acquiring an additional 7,814 shares during the period. Renaissance Technologies LLC purchased a new stake in Greene County Bancorp during the second quarter valued at about $260,000. BNP Paribas Financial Markets boosted its position 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of 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 purchasing an additional 6,517 shares in the last quarter. Finally, State Street Corp raised its position in shares of Greene County Bancorp by 9.0% in the third quarter. State Street Corp now owns 122,592 shares of the real estate investment trust's stock valued at $3,788,000 after purchasing an additional 10,152 shares during the period. Institutional investors 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.