Greene County Bancorp (NASDAQ:GCBC) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.27 and traded as low as $25.16. Greene County Bancorp shares last traded at $25.84, with a volume of 21,620 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a report on Monday, February 17th.

Greene County Bancorp Trading Down 1.5 %

The stock has a market capitalization of $425.68 million, a price-to-earnings ratio of 16.13 and a beta of 0.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.63 and a quick ratio of 0.63. The business’s 50-day simple moving average is $26.64 and its two-hundred day simple moving average is $29.18.

Greene County Bancorp (NASDAQ:GCBC) last announced 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 quarter in the previous year, the business earned $0.34 EPS.

Greene County Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a yield of 1.44%. Greene County Bancorp’s dividend payout ratio (DPR) is 23.23%.

Insider Buying and Selling at Greene County Bancorp

In other news, Director Jay P. Cahalan acquired 1,944 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $26.45 per share, for a total transaction of $51,418.80. Following the completion of the purchase, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Greene County Bancorp

Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Greene County Bancorp by 1.5% during 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 during the period. Barclays PLC raised 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 valued at $493,000 after purchasing an additional 6,517 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Greene County Bancorp during the fourth quarter valued at approximately $100,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Greene County Bancorp by 115.5% during the third quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock valued at $338,000 after purchasing an additional 5,863 shares during the period. 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.