Greene County Bancorp (NASDAQ:GCBC) Upgraded 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 research report released on Thursday.

Greene County Bancorp Stock Up 1.7 %

GCBC opened at $25.23 on Thursday. Greene County Bancorp has a twelve month low of $17.50 and a twelve month high of $39.90. The company has a fifty day moving average of $25.45 and a 200-day moving average of $27.05. The stock has a market cap of $429.67 million, a PE ratio of 15.15 and a beta of 0.38.

Greene County Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, November 14th. Greene County Bancorp’s dividend payout ratio (DPR) is presently 19.22%.

Institutional Investors Weigh In On Greene County Bancorp

A number of large investors have recently bought and sold shares of GCBC. FMR LLC grew its holdings in Greene County Bancorp by 120.3% in the first quarter. FMR LLC now owns 746,272 shares of the real estate investment trust’s stock worth $16,925,000 after purchasing an additional 407,447 shares during the period. BlackRock Inc. grew its holdings in Greene County Bancorp by 88.8% in the first quarter. BlackRock Inc. now owns 334,709 shares of the real estate investment trust’s stock worth $7,591,000 after purchasing an additional 157,451 shares during the period. Geode Capital Management LLC grew its holdings in Greene County Bancorp by 107.6% in the first quarter. Geode Capital Management LLC now owns 134,182 shares of the real estate investment trust’s stock worth $3,043,000 after purchasing an additional 69,547 shares during the period. NewEdge Advisors LLC grew its holdings in Greene County Bancorp by 100.0% in the first quarter. NewEdge Advisors LLC now owns 108,918 shares of the real estate investment trust’s stock worth $2,470,000 after purchasing an additional 54,459 shares during the period. Finally, State Street Corp grew its holdings in Greene County Bancorp by 102.3% in the first quarter. State Street Corp now owns 91,400 shares of the real estate investment trust’s stock worth $2,073,000 after purchasing an additional 46,227 shares during the period. 13.37% of the stock is currently 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.