Greene County Bancorp (NASDAQ:GCBC) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

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 traded.

Wall Street Analysts Forecast Growth

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

Greene County Bancorp Trading Up 4.0 %

The business’s fifty day moving average is $25.86 and its 200-day moving average is $28.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $404.05 million, a P/E ratio of 15.31 and a beta of 0.43.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share (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 quarter in the prior year, the company earned $0.34 earnings per share.

Greene County Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend was Friday, February 14th. Greene County Bancorp’s payout ratio is presently 23.23%.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Greene County Bancorp by 1.5% in the third quarter. Geode Capital Management LLC now owns 163,326 shares of the real estate investment trust’s stock worth $5,048,000 after purchasing an additional 2,458 shares in the last quarter. Barclays PLC grew its position in shares of Greene County Bancorp by 370.0% during the 3rd quarter. Barclays PLC now owns 11,723 shares of the real estate investment trust’s stock worth $362,000 after buying an additional 9,229 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Greene County Bancorp by 69.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,947 shares of the real estate investment trust’s stock valued at $493,000 after acquiring an additional 6,517 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Greene County Bancorp during the 4th quarter valued at $100,000. Finally, JPMorgan Chase & Co. boosted its stake in Greene County Bancorp by 115.5% during the third quarter. JPMorgan Chase & Co. now owns 10,941 shares of the real estate investment trust’s stock worth $338,000 after acquiring an additional 5,863 shares in the last quarter. 13.39% of the stock is 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.