StockNews.com upgraded shares of Greene County Bancorp (NASDAQ:GCBC – Free Report) from a sell rating to a hold rating in a research note published on Thursday morning.
Greene County Bancorp Stock Performance
Shares of Greene County Bancorp stock opened at $26.05 on Thursday. 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 stock has a market capitalization of $443.63 million, a price-to-earnings ratio of 17.97 and a beta of 0.46. The business has a 50-day moving average of $29.13 and a 200 day moving average of $30.64. Greene County Bancorp has a 12 month low of $24.10 and a 12 month high of $37.25.
Greene County Bancorp (NASDAQ:GCBC – Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 EPS for the quarter. Greene County Bancorp had a net margin of 20.28% and a return on equity of 12.03%. During the same period last year, the business earned $0.34 earnings per share.
Greene County Bancorp Announces Dividend
Insider Activity at Greene County Bancorp
In related news, Director Tejraj S. Hada acquired 2,000 shares of the stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $28.00 per share, with a total value of $56,000.00. Following the completion of the transaction, the director now owns 8,651 shares in the company, valued at $242,228. This represents a 30.07 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Greene County Bancorp in the 4th quarter valued at approximately $100,000. BNP Paribas Financial Markets grew its stake in shares of Greene County Bancorp by 53.4% during the third quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,450 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Greene County Bancorp in the second quarter valued at $260,000. JPMorgan Chase & Co. increased its holdings in Greene County Bancorp by 115.5% in the third quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 5,863 shares during the last quarter. Finally, Barclays PLC raised its stake in Greene County Bancorp by 370.0% in the third quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 9,229 shares in the last quarter. 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.
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