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

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.14 and traded as low as $21.90. Greene County Bancorp shares last traded at $22.15, with a volume of 19,009 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Greene County Bancorp in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Greene County Bancorp has an average rating of “Hold”.

Greene County Bancorp Stock Performance

The stock’s 50-day moving average price is $22.89 and its 200 day moving average price is $23.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings data on Wednesday, January 21st. The real estate investment trust reported $0.60 earnings per share for the quarter. Greene County Bancorp had a return on equity of 15.31% and a net margin of 26.03%.The company had revenue of $22.22 million for the quarter.

Greene County Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, February 13th. Greene County Bancorp’s payout ratio is currently 18.69%.

Insider Activity at Greene County Bancorp

In related news, EVP John Antalek bought 1,500 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was acquired at an average price of $22.00 per share, with a total value of $33,000.00. Following the completion of the purchase, the executive vice president directly owned 7,567 shares of the company’s stock, valued at approximately $166,474. This trade represents a 24.72% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Tejraj S. Hada acquired 3,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average price of $21.96 per share, with a total value of $65,880.00. Following the completion of the transaction, the director directly owned 27,923 shares of the company’s stock, valued at $613,189.08. This trade represents a 12.04% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 9,646 shares of company stock valued at $212,714. Corporate insiders own 59.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GCBC. Goldman Sachs Group Inc. raised its position in Greene County Bancorp by 2.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock worth $504,000 after buying an additional 500 shares during the last quarter. Jane Street Group LLC acquired a new position in Greene County Bancorp during the 1st quarter worth approximately $296,000. CWM LLC raised its stake in shares of Greene County Bancorp by 55.8% during the 2nd quarter. CWM LLC now owns 1,689 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 605 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Greene County Bancorp in the 2nd quarter valued at approximately $460,000. Finally, Geode Capital Management LLC boosted its stake in shares of Greene County Bancorp by 3.0% in the second quarter. Geode Capital Management LLC now owns 169,308 shares of the real estate investment trust’s stock valued at $3,763,000 after buying an additional 4,985 shares in the last quarter. 13.39% of the stock is currently owned by institutional investors and hedge funds.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc is the bank holding company for Greene County Community Bank, a full-service commercial bank based in Waynesburg, Pennsylvania. The company traces its roots to the early 20th century and has cultivated a reputation for community-focused banking in Greene County and the surrounding region of southwestern Pennsylvania.

Through its subsidiary, the company offers a broad range of financial products and services, including personal and business deposit accounts, residential and commercial real estate loans, consumer installment loans, and agricultural financing.