StockNews.com Downgrades Greene County Bancorp (NASDAQ:GCBC) to Sell

Greene County Bancorp (NASDAQ:GCBC) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Greene County Bancorp Stock Down 4.0 %

Shares of NASDAQ GCBC opened at $23.15 on Monday. 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 $25.67 and a 200-day moving average of $28.31. The firm has a market capitalization of $394.18 million, a price-to-earnings ratio of 14.94 and a beta of 0.43. Greene County Bancorp has a 12 month low of $21.75 and a 12 month high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) 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 12.55%. During the same period in the previous year, the firm posted $0.34 earnings per share.

Insider Activity at Greene County Bancorp

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

Institutional Investors Weigh In On Greene County Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new position in Greene County Bancorp during the 4th quarter worth approximately $39,000. Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $42,000 after purchasing an additional 1,091 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of 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 worth $42,000 after purchasing an additional 1,344 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Greene County Bancorp in the fourth quarter worth $100,000. Finally, BNP Paribas Financial Markets raised its holdings in Greene County Bancorp by 53.4% during the 3rd 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 during the last quarter. Institutional investors own 13.39% of the company’s stock.

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.