Greene County Bancorp (NASDAQ:GCBC) Upgraded at StockNews.com

Greene County Bancorp (NASDAQ:GCBC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Greene County Bancorp Trading Down 2.8 %

Shares of NASDAQ GCBC traded down $0.62 during midday trading on Thursday, hitting $21.24. The stock had a trading volume of 31,174 shares, compared to its average volume of 26,968. The company has a fifty day moving average price of $24.83 and a 200 day moving average price of $27.77. The company has a market capitalization of $361.65 million, a price-to-earnings ratio of 13.70 and a beta of 0.36. Greene County Bancorp has a 1-year low of $20.00 and a 1-year high of $37.25. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.03.

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.

Insider Transactions at Greene County Bancorp

In other Greene County Bancorp news, Director Tejraj S. Hada bought 7,000 shares of Greene County Bancorp stock in a transaction dated Wednesday, March 19th. The stock was bought at an average cost of $23.39 per share, for a total transaction of $163,730.00. Following the purchase, the director now owns 15,706 shares in the company, valued at $367,363.34. This represents a 80.40 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jay P. Cahalan purchased 1,944 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average price of $26.45 per share, with a total value of $51,418.80. Following the purchase, the director now owns 29,324 shares of the company’s stock, valued at approximately $775,619.80. The trade was a 7.10 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 9,784 shares of company stock valued at $237,409 over the last quarter. Company insiders own 5.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in shares of Greene County Bancorp by 417.6% in the 4th quarter. LPL Financial LLC now owns 33,718 shares of the real estate investment trust’s stock valued at $935,000 after purchasing an additional 27,204 shares in the last quarter. Millennium Management LLC bought a new stake in Greene County Bancorp in the fourth quarter valued at about $403,000. JPMorgan Chase & Co. raised its stake in Greene County Bancorp by 127.2% during the fourth quarter. JPMorgan Chase & Co. now owns 24,859 shares of the real estate investment trust’s stock valued at $689,000 after buying an additional 13,918 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in Greene County Bancorp during the 4th quarter worth approximately $365,000. Finally, Marshall Wace LLP acquired a new position in shares of Greene County Bancorp in the 4th quarter worth approximately $286,000. 13.39% of the stock is currently owned by 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.