Greene County Bancorp (NASDAQ:GCBC) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Greene County Bancorp (NASDAQ:GCBC) from a hold rating to a sell rating in a research note released on Friday morning.

Greene County Bancorp Stock Down 0.4 %

Shares of NASDAQ:GCBC opened at $26.50 on Friday. 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 business’s 50 day simple moving average is $28.51 and its two-hundred day simple moving average is $30.38. Greene County Bancorp has a 52-week low of $24.10 and a 52-week high of $37.25. The firm has a market cap of $451.30 million, a P/E ratio of 17.10 and a beta of 0.46.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 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 prior year, the firm earned $0.34 earnings per share.

Greene County Bancorp Announces Dividend

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. This represents a $0.36 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, February 14th. Greene County Bancorp’s payout ratio is 23.23%.

Institutional Investors Weigh In On Greene County Bancorp

Several large investors have recently added to or reduced their stakes in GCBC. Stoneridge Investment Partners LLC bought a new stake in Greene County Bancorp during the 4th quarter valued at $365,000. State Street Corp raised its holdings in shares of Greene County Bancorp by 9.0% during 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 acquiring an additional 10,152 shares in the last quarter. Barclays PLC raised its stake in Greene County Bancorp by 370.0% in the third quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 9,229 shares in the last quarter. Angel Oak Capital Advisors LLC purchased a new position in shares of Greene County Bancorp in the 4th quarter valued at approximately $222,000. Finally, Dimensional Fund Advisors LP boosted its holdings 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 valued at $2,182,000 after buying an additional 7,814 shares in the last quarter. Hedge funds and other 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.