Greene County Bancorp (GCBC) Raised to Hold at BidaskClub

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BidaskClub upgraded shares of Greene County Bancorp (NASDAQ:GCBC) from a sell rating to a hold rating in a research note published on Friday morning.

Shares of NASDAQ GCBC opened at $32.33 on Friday. The firm has a market cap of $276.03 million, a price-to-earnings ratio of 17.02 and a beta of 0.43. Greene County Bancorp has a 52-week low of $28.85 and a 52-week high of $38.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.71 and a quick ratio of 0.71.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings data on Wednesday, January 23rd. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter. The company had revenue of $12.14 million during the quarter. Greene County Bancorp had a return on equity of 16.91% and a net margin of 31.96%.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Friday, February 15th will be issued a $0.10 dividend. The ex-dividend date is Thursday, February 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.24%.

In other Greene County Bancorp news, Director Jay P. Cahalan purchased 900 shares of the business’s stock in a transaction that occurred on Friday, January 25th. The stock was acquired at an average cost of $30.99 per share, with a total value of $27,891.00. Following the completion of the acquisition, the director now directly owns 4,350 shares of the company’s stock, valued at approximately $134,806.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.60% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc increased its position in Greene County Bancorp by 2.3% in the third quarter. Vanguard Group Inc now owns 122,262 shares of the real estate investment trust’s stock worth $3,925,000 after purchasing an additional 2,718 shares during the period. Vanguard Group Inc. increased its position in Greene County Bancorp by 2.3% in the third quarter. Vanguard Group Inc. now owns 122,262 shares of the real estate investment trust’s stock worth $3,925,000 after purchasing an additional 2,718 shares during the period. Finally, BlackRock Inc. increased its position in Greene County Bancorp by 17.2% in the second quarter. BlackRock Inc. now owns 139,298 shares of the real estate investment trust’s stock worth $4,723,000 after purchasing an additional 20,485 shares during the period. Hedge funds and other institutional investors own 4.86% 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.

See Also: Fundamental Analysis and Choosing Stocks

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