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

Greene County Bancorp, Inc. (NASDAQ:GCBC) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Greene County Bancorp in a research note on Monday, December 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Greene County Bancorp Price Performance

The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $22.88 and a 200-day moving average price of $23.14.

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

Greene County Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.8%. Greene County Bancorp’s payout ratio is 18.69%.

Insiders Place Their Bets

In other Greene County Bancorp news, EVP John Antalek acquired 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of $22.00 per share, with a total value of $33,000.00. Following the purchase, the executive vice president owned 7,567 shares of the company’s stock, valued at $166,474. This represents a 24.72% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tejraj S. Hada bought 3,000 shares of Greene County Bancorp stock in a transaction on Tuesday, November 18th. The shares were acquired at an average price of $21.96 per share, for a total transaction of $65,880.00. Following the completion of the acquisition, the director owned 27,923 shares of the company’s stock, valued at approximately $613,189.08. This represents a 12.04% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders purchased 9,646 shares of company stock valued at $212,714. 59.20% of the stock is owned by corporate insiders.

Institutional Trading of Greene County Bancorp

A number of large investors have recently bought and sold shares of GCBC. BNP Paribas Financial Markets lifted its stake in Greene County Bancorp by 31.1% in the second quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 450 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Greene County Bancorp by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock worth $504,000 after acquiring an additional 500 shares in the last quarter. CWM LLC raised its holdings in shares of Greene County Bancorp by 55.8% during the second quarter. CWM LLC now owns 1,689 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 605 shares during the period. Bank of America Corp DE lifted its position in Greene County Bancorp by 3.6% in the 3rd quarter. Bank of America Corp DE now owns 18,085 shares of the real estate investment trust’s stock valued at $409,000 after acquiring an additional 636 shares in the last quarter. Finally, Stoneridge Investment Partners LLC lifted its position in Greene County Bancorp by 8.3% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 21,546 shares of the real estate investment trust’s stock valued at $487,000 after acquiring an additional 1,650 shares in the last quarter. 13.39% of the stock is owned by institutional investors.

About Greene County Bancorp

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.