Greene County Bancorp (GCBC) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Greene County Bancorp (NASDAQ:GCBC) from a sell rating to a hold rating in a report released on Thursday.

NASDAQ:GCBC opened at $33.37 on Thursday. Greene County Bancorp has a 1-year low of $28.85 and a 1-year high of $38.00. The stock has a market capitalization of $284.91 million, a P/E ratio of 18.96 and a beta of 0.41. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.17.

Greene County Bancorp (NASDAQ:GCBC) last released its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.51 earnings per share for the quarter. Greene County Bancorp had a net margin of 31.50% and a return on equity of 15.94%. The company had revenue of $11.71 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Wednesday, November 14th.

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP purchased a new stake in shares of Greene County Bancorp during the first quarter valued at about $216,000. Vanguard Group Inc. lifted its position in shares of Greene County Bancorp by 2.3% during the third quarter. Vanguard Group Inc. now owns 122,262 shares of the real estate investment trust’s stock valued at $3,925,000 after buying an additional 2,718 shares during the last quarter. Finally, BlackRock Inc. lifted its position in shares of Greene County Bancorp by 17.2% during the second quarter. BlackRock Inc. now owns 139,298 shares of the real estate investment trust’s stock valued at $4,723,000 after buying an additional 20,485 shares during the last quarter. 4.80% 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. 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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