StockNews.com Upgrades Greene County Bancorp (NASDAQ:GCBC) to “Hold”

Greene County Bancorp (NASDAQ:GCBC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Greene County Bancorp Stock Up 1.3 %

Shares of NASDAQ:GCBC opened at $26.40 on Thursday. The company has a 50 day moving average price of $29.00 and a two-hundred day moving average price of $30.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $449.51 million, a PE ratio of 17.03 and a beta of 0.46. Greene County Bancorp has a 52 week low of $24.10 and a 52 week high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) 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 return on equity of 12.72% and a net margin of 21.02%. During the same period in the previous year, the business earned $0.34 earnings per share.

Insider Transactions at Greene County Bancorp

In other news, Director Tejraj S. Hada acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $28.00 per share, for a total transaction of $56,000.00. Following the completion of the acquisition, the director now owns 8,651 shares in the company, valued at $242,228. This represents a 30.07 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Greene County Bancorp

Several institutional investors have recently bought and sold shares of GCBC. SG Americas Securities LLC bought a new stake in shares of Greene County Bancorp in the fourth quarter worth $100,000. BNP Paribas Financial Markets increased its stake in Greene County Bancorp by 53.4% in 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. Renaissance Technologies LLC bought a new stake in Greene County Bancorp during the 2nd quarter worth about $260,000. JPMorgan Chase & Co. boosted its stake in shares of Greene County Bancorp by 115.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock worth $338,000 after buying an additional 5,863 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Greene County Bancorp by 370.0% in the 3rd quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock valued at $362,000 after acquiring an additional 9,229 shares in the last quarter. 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.