Greene County Bancorp (NASDAQ:GCBC) Raised to Hold at StockNews.com

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

Greene County Bancorp Price Performance

GCBC opened at $26.88 on Friday. The firm has a market capitalization of $457.77 million, a PE ratio of 17.34 and a beta of 0.45. 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 business’s 50-day moving average is $28.03 and its two-hundred day moving average is $30.02. Greene County Bancorp has a 1 year low of $25.25 and a 1 year high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share (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 period in the prior year, the company posted $0.34 EPS.

Greene County Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.09 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.34%. Greene County Bancorp’s payout ratio is 23.23%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GCBC. Geode Capital Management LLC boosted its holdings in Greene County Bancorp by 1.5% in the third quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust’s stock worth $5,048,000 after acquiring an additional 2,458 shares in the last quarter. State Street Corp raised its position in shares of Greene County Bancorp by 9.0% in the 3rd quarter. State Street Corp now owns 122,592 shares of the real estate investment trust’s stock valued at $3,788,000 after purchasing an additional 10,152 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Greene County Bancorp by 13.7% in 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 purchasing an additional 7,814 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Greene County Bancorp by 69.1% during the 3rd 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 last quarter. Finally, Stoneridge Investment Partners LLC acquired a new position in Greene County Bancorp during the 4th quarter valued at approximately $365,000. 13.39% of the stock is owned by institutional investors and hedge funds.

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.