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

StockNews.com upgraded shares of Greene County Bancorp (NASDAQ:GCBC - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Greene County Bancorp Stock Performance

NASDAQ:GCBC traded down $0.13 during trading on Friday, reaching $21.87. The company's stock had a trading volume of 6,239 shares, compared to its average volume of 27,668. The firm has a market cap of $372.38 million, a price-to-earnings ratio of 14.11 and a beta of 0.36. Greene County Bancorp has a 12 month low of $20.00 and a 12 month high of $37.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a 50 day moving average of $23.41 and a 200-day moving average of $27.04.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 12.55% and a net margin of 21.02%. The business had revenue of $20.07 million for the quarter.

Greene County Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.09 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.36 dividend on an annualized basis and a yield of 1.65%. Greene County Bancorp's dividend payout ratio (DPR) is currently 21.43%.

Insiders Place Their Bets

In other Greene County Bancorp news, CFO Nick Barzee acquired 1,500 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were acquired at an average cost of $21.50 per share, with a total value of $32,250.00. Following the transaction, the chief financial officer now owns 3,240 shares of the company's stock, valued at $69,660. The trade was a 86.21 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Tejraj S. Hada acquired 7,000 shares of Greene County Bancorp stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average price of $23.39 per share, with a total value of $163,730.00. Following the transaction, the director now owns 15,706 shares of the company's stock, valued at $367,363.34. The trade was a 80.40 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 11,284 shares of company stock worth $269,659. 5.10% of the stock is currently owned by company insiders.

Institutional Trading of Greene County Bancorp

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Greene County Bancorp by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust's stock worth $5,048,000 after purchasing an additional 2,458 shares during the period. Barclays PLC increased its holdings 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 valued at $362,000 after buying an additional 9,229 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Greene County Bancorp during the 4th quarter valued at approximately $100,000. JPMorgan Chase & Co. boosted its stake in shares of Greene County Bancorp by 115.5% in the third quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust's stock worth $338,000 after acquiring an additional 5,863 shares during the last quarter. Finally, State Street Corp lifted its stake in Greene County Bancorp by 9.0% in the 3rd quarter. State Street Corp now owns 122,592 shares of the real estate investment trust's stock worth $3,788,000 after purchasing an additional 10,152 shares in the last quarter. Hedge funds and other institutional investors own 13.39% of the company's stock.

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.