Greene County Bancorp (NASDAQ:GCBC) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $28.48 and traded as low as $22.25. Greene County Bancorp shares last traded at $23.73, with a volume of 349,686 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Greene County Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th.

Greene County Bancorp Trading Up 2.3 %

The firm has a market cap of $413.25 million, a price-to-earnings ratio of 15.66 and a beta of 0.43. The business has a fifty day moving average of $25.81 and a two-hundred day moving average of $28.43. 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 (NASDAQ:GCBC) last released 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 last year, the firm posted $0.34 EPS.

Greene County Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, February 14th. Greene County Bancorp’s payout ratio is currently 23.23%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Greene County Bancorp

A number of institutional investors have recently bought and sold shares of GCBC. Barclays PLC raised its stake in Greene County Bancorp by 8.4% during the fourth quarter. Barclays PLC now owns 12,703 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 980 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Greene County Bancorp by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 75,670 shares of the real estate investment trust’s stock worth $2,098,000 after buying an additional 1,025 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Greene County Bancorp by 248.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,530 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,091 shares during the last quarter. Wells Fargo & Company MN grew its position in Greene County Bancorp by 9.5% during the fourth quarter. Wells Fargo & Company MN now owns 12,883 shares of the real estate investment trust’s stock valued at $357,000 after acquiring an additional 1,114 shares during the period. Finally, Deutsche Bank AG increased its stake in Greene County Bancorp by 759.3% during the fourth quarter. Deutsche Bank AG now owns 1,521 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 1,344 shares during 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.