Greene County Bancorp (NASDAQ:GCBC) Announces Earnings Results

Key Points

• Greene County Bancorp reported earnings of $0.52 per share for the latest quarter, achieving a return on equity of 13.80% and a net margin of 23.42%.
• The stock traded down to $22.37, with a current market capitalization of $380.96 million and a P/E ratio of 12.22.
• Institutional investors have increased their stakes, with notable increases from firms like Bank of America Corp DE, which boosted its holdings by 173.8% during the second quarter.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) announced its quarterly earnings data on Tuesday. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, Zacks reports. Greene County Bancorp had a return on equity of 13.80% and a net margin of 23.42%.

Greene County Bancorp Stock Performance

Shares of NASDAQ GCBC traded down $0.06 during trading on Tuesday, reaching $22.37. 1,113 shares of the stock traded hands, compared to its average volume of 29,020. Greene County Bancorp has a 52-week low of $20.00 and a 52-week high of $35.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50-day moving average of $23.28 and a 200-day moving average of $23.01. The stock has a market capitalization of $380.96 million, a P/E ratio of 12.22 and a beta of 0.45.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Greene County Bancorp by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 169,308 shares of the real estate investment trust's stock valued at $3,763,000 after buying an additional 4,985 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Greene County Bancorp by 2.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust's stock worth $504,000 after purchasing an additional 500 shares in the last quarter. Bank of America Corp DE lifted its holdings in Greene County Bancorp by 173.8% during the 2nd quarter. Bank of America Corp DE now owns 17,449 shares of the real estate investment trust's stock worth $388,000 after purchasing an additional 11,075 shares in the last quarter. Jane Street Group LLC purchased a new stake in Greene County Bancorp during the 1st quarter worth about $296,000. Finally, Rhumbline Advisers lifted its holdings in Greene County Bancorp by 17.7% during the 2nd quarter. Rhumbline Advisers now owns 11,168 shares of the real estate investment trust's stock worth $248,000 after purchasing an additional 1,679 shares in the last quarter. Hedge funds and other institutional investors own 13.39% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Greene County Bancorp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

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.

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