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

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

Greene County Bancorp Stock Performance

GCBC stock opened at $26.40 on Thursday. Greene County Bancorp has a one year low of $24.10 and a one year high of $37.25. The firm has a market cap of $449.59 million, a price-to-earnings ratio of 17.03 and a beta of 0.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50-day simple moving average of $29.00 and a two-hundred day simple moving average of $30.62.

Greene County Bancorp (NASDAQ:GCBC) 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 21.02% and a return on equity of 12.72%. During the same quarter last year, the firm posted $0.34 earnings per share.

Greene County Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.36 annualized dividend and a yield of 1.36%. Greene County Bancorp’s dividend payout ratio (DPR) is 23.23%.

Insider Activity at Greene County Bancorp

In related news, Director Tejraj S. Hada purchased 2,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were acquired at an average price of $28.00 per share, for a total transaction of $56,000.00. Following the purchase, the director now owns 8,651 shares of the company’s stock, valued at $242,228. This trade represents a 30.07 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Greene County Bancorp

A number of large investors have recently made changes to their positions in GCBC. Dimensional Fund Advisors LP lifted its position in Greene County Bancorp by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the real estate investment trust’s stock worth $2,182,000 after acquiring an additional 7,814 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Greene County Bancorp in the second quarter worth about $260,000. BNP Paribas Financial Markets raised its stake 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 worth $129,000 after purchasing an additional 1,450 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 worth $493,000 after purchasing an additional 6,517 shares during the period. Finally, State Street Corp boosted its position in Greene County Bancorp by 9.0% in the third quarter. State Street Corp now owns 122,592 shares of the real estate investment trust’s stock valued at $3,788,000 after buying an additional 10,152 shares during the last quarter. 13.39% of the stock is 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.