Greene County Bancorp (NASDAQ:GCBC) Cut to Sell at StockNews.com

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report issued on Friday.

Greene County Bancorp Stock Up 2.7 %

Shares of GCBC traded up $0.58 during mid-day trading on Friday, reaching $22.01. 9,803 shares of the stock traded hands, compared to its average volume of 27,498. The firm has a market cap of $374.76 million, a price-to-earnings ratio of 14.20 and a beta of 0.36. The stock has a fifty day simple moving average of $23.98 and a 200 day simple moving average of $27.30. Greene County Bancorp has a 12-month low of $20.00 and a 12-month high of $37.25. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.03.

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

Insider Transactions at Greene County Bancorp

In related news, Director Jay P. Cahalan purchased 1,944 shares of Greene County Bancorp stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $26.45 per share, with a total value of $51,418.80. Following the completion of the transaction, the director now owns 29,324 shares of the company's stock, valued at approximately $775,619.80. This trade represents a 7.10 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tejraj S. Hada purchased 7,000 shares of Greene County Bancorp stock in a transaction dated Wednesday, March 19th. The shares were bought at an average cost of $23.39 per share, for a total transaction of $163,730.00. Following the transaction, the director now directly owns 15,706 shares of the company's stock, valued at approximately $367,363.34. The trade was a 80.40 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 9,784 shares of company stock valued at $237,409. Insiders own 5.10% of the company's stock.

Hedge Funds Weigh In On Greene County Bancorp

A number of large investors have recently bought and sold shares of GCBC. LPL Financial LLC lifted its holdings in Greene County Bancorp by 417.6% in the fourth quarter. LPL Financial LLC now owns 33,718 shares of the real estate investment trust's stock worth $935,000 after acquiring an additional 27,204 shares during the last quarter. Millennium Management LLC bought a new position in Greene County Bancorp in the fourth quarter worth about $403,000. JPMorgan Chase & Co. lifted its holdings in Greene County Bancorp by 127.2% in the fourth quarter. JPMorgan Chase & Co. now owns 24,859 shares of the real estate investment trust's stock worth $689,000 after acquiring an additional 13,918 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in Greene County Bancorp in the fourth quarter worth about $365,000. Finally, Marshall Wace LLP acquired a new stake in shares of Greene County Bancorp in the fourth quarter valued at approximately $286,000. 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.