Greene County Bancorp (NASDAQ:GCBC) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Greene County Bancorp (NASDAQ:GCBC) from a hold rating to a sell rating in a report released on Monday.

Greene County Bancorp Stock Down 1.0 %

GCBC stock opened at $22.92 on Monday. The stock has a market capitalization of $390.26 million, a PE ratio of 14.79 and a beta of 0.43. The company has a fifty day moving average of $25.59 and a 200-day moving average of $28.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.63 and a current ratio of 0.63. Greene County Bancorp has a one year low of $21.75 and a one year high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last announced 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 21.02% and a return on equity of 12.55%. During the same period in the prior year, the company earned $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Friday, February 14th. Greene County Bancorp’s payout ratio is 23.23%.

Insider Buying and Selling at Greene County Bancorp

In other news, Director Jay P. Cahalan purchased 1,944 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $26.45 per share, with a total value of $51,418.80. Following the purchase, the director now directly owns 29,324 shares of the company’s stock, valued at $775,619.80. The trade was a 7.10 % increase in their ownership of the stock. The purchase 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 the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was purchased at an average cost of $23.39 per share, with a total value of $163,730.00. Following the completion of the purchase, the director now directly owns 15,706 shares in the company, valued at $367,363.34. This represents a 80.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 9,784 shares of company stock valued at $237,409. 5.10% of the stock is owned by company insiders.

Institutional Trading of Greene County Bancorp

A number of institutional investors have recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Greene County Bancorp during the 4th quarter worth $39,000. Deutsche Bank AG increased its holdings in Greene County Bancorp by 759.3% during the 4th quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,344 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Greene County Bancorp by 248.5% during 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 last quarter. SG Americas Securities LLC purchased a new stake in shares of Greene County Bancorp in the fourth quarter valued at about $100,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Greene County Bancorp by 53.4% in the third quarter. BNP Paribas Financial Markets now owns 4,165 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 1,450 shares in the last quarter. 13.39% of the stock is currently owned by hedge funds and other 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.