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

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

Greene County Bancorp Price Performance

Shares of NASDAQ:GCBC opened at $26.60 on Friday. Greene County Bancorp has a one year low of $25.25 and a one year high of $37.25. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $452.92 million, a price-to-earnings ratio of 17.16 and a beta of 0.45. The firm has a 50 day simple moving average of $28.09 and a 200 day simple moving average of $30.09.

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

Institutional Investors Weigh In On Greene County Bancorp

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in shares of Greene County Bancorp during the fourth quarter valued at $100,000. BNP Paribas Financial Markets increased its holdings in 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 purchasing an additional 1,450 shares during the period. Angel Oak Capital Advisors LLC bought a new position in Greene County Bancorp during the 4th quarter worth $222,000. Renaissance Technologies LLC acquired a new position in Greene County Bancorp during the 2nd quarter worth about $260,000. Finally, JPMorgan Chase & Co. grew its position in shares of Greene County Bancorp by 115.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 5,863 shares during the last quarter. 13.39% of the stock is owned by institutional investors.

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.