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

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

Greene County Bancorp Stock Performance

GCBC stock traded down $0.16 during midday trading on Monday, hitting $24.11. The company’s stock had a trading volume of 51,218 shares, compared to its average volume of 25,631. The stock has a market cap of $410.52 million, a price-to-earnings ratio of 15.55 and a beta of 0.43. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $25.75 and its 200 day moving average price is $28.36. Greene County Bancorp has a 1 year low of $21.75 and a 1 year high of $37.25.

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

Insider Buying and Selling

In related news, Director Jay P. Cahalan bought 1,944 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of $26.45 per share, for a total transaction of $51,418.80. Following the completion of the transaction, the director now directly owns 29,324 shares in the company, valued at $775,619.80. This trade represents a 7.10 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tejraj S. Hada acquired 7,000 shares of Greene County Bancorp stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of $23.39 per share, for a total transaction of $163,730.00. Following the completion of the transaction, the director now directly owns 15,706 shares in the company, 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. In the last ninety days, insiders acquired 9,784 shares of company stock valued at $237,409. Company insiders own 5.10% of the company’s stock.

Institutional Investors Weigh In On Greene County Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. KLP Kapitalforvaltning AS bought a new stake in Greene County Bancorp in the 4th quarter worth $39,000. Tower Research Capital LLC TRC lifted its stake in Greene County Bancorp by 248.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 1,091 shares during the period. Deutsche Bank AG lifted its holdings in Greene County Bancorp by 759.3% in the fourth quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 1,344 shares during the period. SG Americas Securities LLC bought a new stake in Greene County Bancorp during the 4th quarter valued at approximately $100,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of 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 period. 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.