Greene County Bancorp (NASDAQ:GCBC) Cut to “Sell” at StockNews.com

Greene County Bancorp (NASDAQ:GCBCGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Greene County Bancorp Stock Up 2.1 %

Shares of GCBC stock opened at $50.56 on Wednesday. Greene County Bancorp has a 12 month low of $43.22 and a 12 month high of $79.79. The firm has a market cap of $430.27 million, a PE ratio of 14.24 and a beta of 0.29. The stock has a 50 day moving average of $30.08 and a 200-day moving average of $31.27.

Greene County Bancorp (NASDAQ:GCBCGet Rating) last issued its quarterly earnings results on Friday, January 20th. The real estate investment trust reported $0.42 EPS for the quarter. Greene County Bancorp had a return on equity of 18.82% and a net margin of 36.35%. The company had revenue of $18.82 million during the quarter.

Insider Transactions at Greene County Bancorp

In other news, Director Tejraj S. Hada acquired 2,000 shares of the stock in a transaction dated Thursday, January 26th. The shares were acquired at an average cost of $23.18 per share, for a total transaction of $46,350.00. Following the completion of the transaction, the director now owns 2,408 shares in the company, valued at approximately $55,805.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Jay P. Cahalan acquired 1,440 shares of the stock in a transaction dated Tuesday, February 28th. The shares were acquired at an average cost of $28.48 per share, for a total transaction of $41,004.00. Following the completion of the transaction, the director now owns 27,380 shares in the company, valued at approximately $779,645.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tejraj S. Hada purchased 2,000 shares of the stock in a transaction on Thursday, January 26th. The stock was bought at an average price of $23.18 per share, for a total transaction of $46,350.00. Following the completion of the transaction, the director now directly owns 2,408 shares of the company’s stock, valued at $55,805.40. The disclosure for this purchase can be found here. Insiders acquired a total of 4,572 shares of company stock worth $114,522 over the last three months. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Greene County Bancorp

Large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new stake in Greene County Bancorp in the fourth quarter valued at $27,000. Dorsey Wright & Associates bought a new stake in Greene County Bancorp in the fourth quarter valued at $28,000. Bank of America Corp DE grew its holdings in shares of Greene County Bancorp by 135.3% during the first quarter. Bank of America Corp DE now owns 680 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 391 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Greene County Bancorp by 8,562.5% during the second quarter. BNP Paribas Arbitrage SA now owns 693 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 685 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Greene County Bancorp by 531.9% during the fourth quarter. Barclays PLC now owns 910 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 766 shares during the last quarter. 12.98% of the stock is currently owned by institutional investors.

Greene County Bancorp Company Profile

(Get Rating)

Greene County Bancorp, Inc operates as a bank holding company for Bank of Greene County. Its services include personal banking, checking accounts, savings accounts, loans, commercial lending, business accounts, municipal banking services and investment services. The company was founded in December 1998 and is headquartered in Catskill, NY.

Further Reading

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