Greene County Bancorp (NASDAQ:GCBC) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Greene County Bancorp (NASDAQ:GCBC - Free Report) from a hold rating to a sell rating in a research report report published on Friday morning.

Greene County Bancorp Stock Performance

NASDAQ GCBC traded down $0.20 on Friday, reaching $26.30. The stock had a trading volume of 21,706 shares, compared to its average volume of 27,812. The stock has a market cap of $447.89 million, a P/E ratio of 16.97 and a beta of 0.45. Greene County Bancorp has a 12-month low of $24.10 and a 12-month high of $37.25. The business's 50-day moving average price is $28.51 and its 200 day moving average price is $30.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.65 and a current ratio of 0.65.

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 EPS for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.72%. During the same period in the prior year, the business posted $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.09 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.37%. Greene County Bancorp's dividend payout ratio (DPR) is currently 23.23%.

Institutional Investors Weigh In On Greene County Bancorp

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake 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 worth $5,048,000 after acquiring an additional 2,458 shares during the period. Barclays PLC increased its position 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 purchasing an additional 9,229 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Greene County Bancorp by 69.1% during 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 worth $493,000 after buying an additional 6,517 shares in the last quarter. State Street Corp lifted its holdings 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 during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of 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 buying an additional 1,450 shares in the last quarter. 13.39% of the stock is 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.