Greene County Bancorp (NASDAQ:GCBC) Stock Price Passes Below 200 Day Moving Average of $22.38

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Greene County Bancorp (NASDAQ:GCBC) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.38 and traded as low as $21.51. Greene County Bancorp shares last traded at $21.51, with a volume of 2,792 shares trading hands.

Separately, ValuEngine lowered shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, July 20th.

The firm’s 50-day moving average price is $22.35 and its 200-day moving average price is $22.39. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.06. The company has a market cap of $183.63 million, a P/E ratio of 9.85 and a beta of 0.38.

Greene County Bancorp (NASDAQ:GCBC) last posted its earnings results on Friday, July 24th. The real estate investment trust reported $0.55 earnings per share for the quarter. The business had revenue of $14.22 million for the quarter. Greene County Bancorp had a net margin of 30.22% and a return on equity of 15.29%.

In other news, Director Jay P. Cahalan bought 1,447 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average price of $22.00 per share, with a total value of $31,834.00. Following the acquisition, the director now owns 8,312 shares of the company’s stock, valued at approximately $182,864. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 3,985 shares of company stock worth $88,677 in the last ninety days. 7.70% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of GCBC. Citigroup Inc. increased its holdings in shares of Greene County Bancorp by 77.6% in the 1st quarter. Citigroup Inc. now owns 1,179 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 515 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Greene County Bancorp by 25.6% in the 1st quarter. JPMorgan Chase & Co. now owns 5,425 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 1,107 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Greene County Bancorp by 105.4% in the 1st quarter. Wells Fargo & Company MN now owns 3,024 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 1,552 shares during the last quarter. State Street Corp increased its holdings in shares of Greene County Bancorp by 4.3% in the 1st quarter. State Street Corp now owns 43,138 shares of the real estate investment trust’s stock worth $1,008,000 after buying an additional 1,763 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Greene County Bancorp by 189.1% in the 2nd quarter. Bank of America Corp DE now owns 2,784 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 1,821 shares during the last quarter. 6.50% of the stock is currently owned by institutional investors and hedge funds.

About Greene County Bancorp (NASDAQ:GCBC)

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.

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