It Seems Greene County Bancorp, Inc. (GCBC) Will Go Down. Formed A Few Months Bearish Wedge Down Pattern

Investors sentiment decreased to 1 in 2018 Q4. Its down 0.63, from 1.63 in 2018Q3. It is negative, as 4 investors sold Greene County Bancorp, Inc. shares while 7 reduced holdings. 2 funds opened positions while 9 raised stakes. 402,054 shares or 2.31% less from 411,553 shares in 2018Q3 were reported.
Northern stated it has 30,716 shares or 0% of all its holdings. California State Teachers Retirement System owns 0% invested in Greene County Bancorp, Inc. (NASDAQ:GCBC) for 4,635 shares. Morgan Stanley holds 6,199 shares. Ameritas Invest Prtnrs, Nebraska-based fund reported 235 shares. Denali Advsrs Limited Company holds 80 shares or 0% of its portfolio. Natl Bank Of America Corp De reported 0% of its portfolio in Greene County Bancorp, Inc. (NASDAQ:GCBC). Citigroup reported 800 shares. State Street stated it has 37,008 shares. New York State Common Retirement Fund invested in 0% or 5,000 shares. Moreover, Jpmorgan Chase Com has 0% invested in Greene County Bancorp, Inc. (NASDAQ:GCBC). Charles Schwab Mngmt has 0% invested in Greene County Bancorp, Inc. (NASDAQ:GCBC). Legal And General Gp Pcl invested 0% of its portfolio in Greene County Bancorp, Inc. (NASDAQ:GCBC). Royal Bancorporation Of Canada holds 0% or 25 shares. Blackrock reported 137,991 shares or 0% of all its holdings. 43 were reported by Bancshares Of Montreal Can.

Since January 25, 2019, it had 4 insider buys, and 0 insider sales for $68,526 activity. Cahalan Jay P. had bought 900 shares worth $27,891 on Friday, January 25.

The stock of Greene County Bancorp, Inc. (GCBC) formed a down wedge with $27.87 target or 9.00 % below today’s $30.63 share price. The 5 months wedge indicates high risk for the $261.51 million company. If the $27.87 price target is reached, the company will be worth $23.54M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

It closed at $30.63 lastly. It is down 9.22% since May 8, 2018 and is downtrending. It has underperformed by 13.59% the S&P500.

More notable recent Greene County Bancorp, Inc. (NASDAQ:GCBC) news were published by: Finance.Yahoo.com which released: “Is Greene County Bancorp, Inc.’s (NASDAQ:GCBC) CEO Paid At A Competitive Rate? – Yahoo Finance” on April 29, 2019, also Seekingalpha.com with their article: “Greene County Bancorp declares $0.10 dividend – Seeking Alpha” published on April 17, 2019, Globenewswire.com published: “Grabbr Launches GRABBRâ„¢ Campaign Block Chain (GCBC) for Enhanced Social Referral Marketing for Brands – GlobeNewswire” on April 10, 2018. More interesting news about Greene County Bancorp, Inc. (NASDAQ:GCBC) were released by: Nasdaq.com and their article: “KBW Announces Bank Honor Roll Award Winners – Nasdaq” published on May 01, 2019 as well as Finance.Yahoo.com‘s news article titled: “Top 5 hottest and slowest markets for home sales – Yahoo Finance” with publication date: June 07, 2018.

Greene County Bancorp, Inc. operates as a holding firm for The Bank of Greene County that provides various financial services. The company has market cap of $261.51 million. The Company’s deposit products include savings, NOW accounts, money market accounts, certificates of deposit and non-interest bearing checking accounts, and individual retirement accounts. It has a 15.44 P/E ratio. The company's loan portfolio consists of residential, construction and land, and multifamily mortgage loans; commercial real estate mortgage loans; consumer loans, such as loans on new and used automobiles, personal loans, and home equity loans, as well as other consumer installment loans, including passbook loans, unsecured home improvement loans, recreational vehicle loans, and deposit account overdrafts; and commercial loans.

Greene County Bancorp, Inc. (NASDAQ:GCBC) Institutional Positions Chart

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