Greene County Bancorp (NASDAQ:GCBC) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $34.43 and traded as high as $35.85. Greene County Bancorp shares last traded at $35.20, with a volume of 73,910 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Greene County Bancorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Greene County Bancorp Price Performance

The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $34.52 and its 200 day moving average price is $29.00. The company has a market capitalization of $588.55 million, a P/E ratio of 14.35 and a beta of 0.39.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported $0.67 EPS for the quarter. Greene County Bancorp had a return on equity of 15.60% and a net margin of 28.14%.The company had revenue of $46.12 million for the quarter.

Greene County Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, August 14th. This is a boost from Greene County Bancorp’s previous quarterly dividend of $0.10. Greene County Bancorp’s dividend payout ratio is presently 18.26%.

Institutional Trading of Greene County Bancorp

Large investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Greene County Bancorp during the second quarter valued at approximately $22,428,000. Dimensional Fund Advisors LP boosted its holdings in shares of Greene County Bancorp by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock valued at $2,076,000 after purchasing an additional 1,006 shares in the last quarter. Angel Oak Capital Advisors LLC boosted its holdings in shares of Greene County Bancorp by 4.3% in the 4th quarter. Angel Oak Capital Advisors LLC now owns 60,000 shares of the real estate investment trust’s stock valued at $1,334,000 after purchasing an additional 2,500 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Greene County Bancorp by 2.6% in the 1st quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust’s stock valued at $1,143,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Greene County Bancorp by 1.2% in the 1st quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust’s stock valued at $968,000 after purchasing an additional 521 shares during the last quarter. Institutional investors and hedge funds own 13.39% of the company’s stock.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc is the bank holding company for The Bank of Greene County, a community banking institution headquartered in Catskill, New York. Founded in 1889, the bank provides financial services to individuals, families, businesses and municipal organizations.

The Bank of Greene County offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit. Its lending services include residential mortgages, home equity loans, commercial real estate and business loans, and consumer financing.