Greene County Bancorp (NASDAQ:GCBC) Downgraded to Sell at StockNews.com

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

Greene County Bancorp Stock Up 2.1 %

GCBC traded up $0.54 on Monday, hitting $26.55. The company’s stock had a trading volume of 3,418 shares, compared to its average volume of 17,179. The company’s 50 day simple moving average is $24.53 and its 200-day simple moving average is $27.45. The firm has a market cap of $452.15 million, a P/E ratio of 15.95 and a beta of 0.38. Greene County Bancorp has a 12 month low of $17.50 and a 12 month high of $39.90.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.38 EPS for the quarter. The company had revenue of $16.74 million during the quarter. Greene County Bancorp had a net margin of 27.40% and a return on equity of 15.80%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Greene County Bancorp by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,290 shares of the real estate investment trust’s stock valued at $533,000 after purchasing an additional 234 shares during the period. Renaissance Technologies LLC boosted its holdings in Greene County Bancorp by 4.8% in the 3rd quarter. Renaissance Technologies LLC now owns 6,500 shares of the real estate investment trust’s stock valued at $372,000 after purchasing an additional 300 shares during the period. Bank of America Corp DE boosted its holdings in Greene County Bancorp by 135.3% in the 1st quarter. Bank of America Corp DE now owns 680 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 391 shares during the period. Lazard Asset Management LLC bought a new position in Greene County Bancorp in the 4th quarter valued at $27,000. Finally, UBS Group AG boosted its holdings in Greene County Bancorp by 12.5% in the 3rd quarter. UBS Group AG now owns 4,544 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 506 shares during the period. 13.37% of the stock is owned by 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.