Greene County Bancorp (NASDAQ:GCBC) Downgraded to “Sell” at BidaskClub

Greene County Bancorp (NASDAQ:GCBC) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, June 26th, BidAskClub reports.

Shares of GCBC stock remained flat at $$28.00 during trading hours on Wednesday. 1,950 shares of the stock traded hands, compared to its average volume of 2,624. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.74 and a current ratio of 0.74. The stock’s 50-day moving average is $29.20. Greene County Bancorp has a fifty-two week low of $28.00 and a fifty-two week high of $35.00. The company has a market cap of $241.19 million, a PE ratio of 14.27 and a beta of 0.41.

Greene County Bancorp (NASDAQ:GCBC) last posted its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter. Greene County Bancorp had a net margin of 32.05% and a return on equity of 16.60%. The firm had revenue of $12.04 million during the quarter.

In related news, Director Peter W. Hogan acquired 2,000 shares of Greene County Bancorp stock in a transaction on Tuesday, June 4th. The stock was bought at an average cost of $29.31 per share, for a total transaction of $58,620.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 3,115 shares of company stock valued at $92,656 over the last 90 days. 7.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Asset Planning Services Ltd. acquired a new position in shares of Greene County Bancorp during the second quarter worth about $44,000. Geode Capital Management LLC boosted its position in shares of Greene County Bancorp by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 17,977 shares of the real estate investment trust’s stock worth $559,000 after buying an additional 1,726 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Greene County Bancorp by 2.3% during the third quarter. Vanguard Group Inc. now owns 122,262 shares of the real estate investment trust’s stock worth $3,925,000 after buying an additional 2,718 shares during the period. Institutional investors and hedge funds own 4.68% of the company’s stock.

About Greene County Bancorp

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services. Its deposit products include savings, NOW accounts, money market accounts, certificates of deposit and non-interest bearing checking accounts, and individual retirement accounts.

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