Greene County Bancorp (NASDAQ:GCBC) Downgraded by StockNews.com to “Sell”

Greene County Bancorp (NASDAQ:GCBC) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Monday.

Greene County Bancorp Price Performance

Shares of GCBC traded up $0.61 during trading hours on Monday, hitting $27.40. The stock had a trading volume of 11,424 shares, compared to its average volume of 23,289. The stock has a market capitalization of $466.62 million, a price-to-earnings ratio of 17.68 and a beta of 0.45. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.65 and a quick ratio of 0.65. The company’s fifty day moving average is $27.71 and its two-hundred day moving average is $29.72. Greene County Bancorp has a 52 week low of $25.25 and a 52 week high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings data 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 12.72%. During the same quarter in the previous year, the business earned $0.34 EPS.

Institutional Trading of Greene County Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its holdings in Greene County Bancorp by 53.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 1,450 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Greene County Bancorp by 69.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,947 shares of the real estate investment trust’s stock worth $493,000 after purchasing an additional 6,517 shares in the last quarter. State Street Corp grew its stake in shares of Greene County Bancorp by 9.0% during the third quarter. State Street Corp now owns 122,592 shares of the real estate investment trust’s stock valued at $3,788,000 after purchasing an additional 10,152 shares during the last quarter. Barclays PLC grew its stake in shares of Greene County Bancorp by 370.0% during the third quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 9,229 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Greene County Bancorp by 1.5% in the third quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust’s stock valued at $5,048,000 after purchasing an additional 2,458 shares in the last quarter. 13.39% of the stock is currently owned by institutional investors and hedge funds.

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.