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

Greene County Bancorp (NASDAQ:GCBC) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

Greene County Bancorp Price Performance

Shares of Greene County Bancorp stock traded down $0.12 during midday trading on Tuesday, reaching $23.45. The company had a trading volume of 52,477 shares, compared to its average volume of 20,305. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $399.28 million, a price-to-earnings ratio of 15.13 and a beta of 0.43. The stock has a fifty day simple moving average of $26.33 and a 200 day simple moving average of $28.88. Greene County Bancorp has a 1-year low of $23.31 and a 1-year high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.55%. During the same period last year, the company earned $0.34 earnings per share.

Insider Buying and Selling at Greene County Bancorp

In other Greene County Bancorp news, Director Jay P. Cahalan acquired 1,944 shares of Greene County Bancorp stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $26.45 per share, with a total value of $51,418.80. Following the completion of the purchase, the director now owns 29,324 shares in the company, valued at $775,619.80. The trade was a 7.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

Hedge Funds Weigh In On Greene County Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Greene County Bancorp by 9.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,450 shares of the real estate investment trust’s stock worth $484,000 after purchasing an additional 1,503 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Greene County Bancorp during the fourth quarter worth $271,000. Millennium Management LLC bought a new position in shares of Greene County Bancorp during the fourth quarter worth $403,000. Deutsche Bank AG boosted its position in shares of Greene County Bancorp by 759.3% during the fourth 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 in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of Greene County Bancorp by 27.9% during the fourth quarter. Citadel Advisors LLC now owns 29,832 shares of the real estate investment trust’s stock worth $827,000 after purchasing an additional 6,499 shares in 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.