StockNews.com upgraded shares of Greene County Bancorp (NASDAQ:GCBC - Free Report) from a sell rating to a hold rating in a report issued on Saturday morning.
Greene County Bancorp Price Performance
GCBC traded up $0.32 during midday trading on Friday, reaching $22.57. 659 shares of the company's stock were exchanged, compared to its average volume of 39,469. The business's 50-day moving average price is $23.32 and its 200 day moving average price is $27.01. The stock has a market capitalization of $384.37 million, a PE ratio of 14.56 and a beta of 0.36. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.63 and a quick ratio of 0.63. Greene County Bancorp has a 1-year low of $20.00 and a 1-year high of $37.25.
Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last released its earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.47 EPS for the quarter. The firm had revenue of $20.07 million during the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.55%.
Greene County Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, May 16th. Greene County Bancorp's dividend payout ratio (DPR) is presently 21.43%.
Insider Buying and Selling at Greene County Bancorp
In other Greene County Bancorp news, Director Jay P. Cahalan purchased 1,944 shares of Greene County Bancorp stock in a transaction on Thursday, February 27th. The stock was bought at an average price of $26.45 per share, for a total transaction of $51,418.80. Following the transaction, the director now owns 29,324 shares of the company's stock, valued at $775,619.80. The trade was a 7.10 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Nick Barzee bought 1,500 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were purchased at an average cost of $21.50 per share, for a total transaction of $32,250.00. Following the acquisition, the chief financial officer now owns 3,240 shares of the company's stock, valued at $69,660. This represents a 86.21 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 11,284 shares of company stock valued at $269,659 in the last ninety days. Company insiders own 5.10% of the company's stock.
Hedge Funds Weigh In On Greene County Bancorp
Large investors have recently made changes to their positions in the business. KLP Kapitalforvaltning AS acquired a new position in shares of Greene County Bancorp in the 4th quarter valued at $39,000. Tower Research Capital LLC TRC increased its position in Greene County Bancorp by 248.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust's stock worth $42,000 after buying an additional 1,091 shares during the period. Deutsche Bank AG increased its holdings in shares of Greene County Bancorp by 759.3% during the 4th 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 period. GAMMA Investing LLC raised its holdings in Greene County Bancorp by 6,071.2% in the 1st quarter. GAMMA Investing LLC now owns 3,641 shares of the real estate investment trust's stock valued at $88,000 after acquiring an additional 3,582 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Greene County Bancorp during the 4th quarter worth about $100,000. Institutional investors own 13.39% of the company's stock.
Greene County Bancorp Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Greene County Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Greene County Bancorp wasn't on the list.
While Greene County Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
