Greene County Bancorp, Inc. (GCBC) Can’t Be More Risky. The Stock Formed a Bearish Wedge Down Chart Pattern

Investors sentiment decreased to 1 in 2018 Q4. Its down 0.63, from 1.63 in 2018Q3. It dropped, 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.
Royal National Bank & Trust Of Canada reported 0% stake. 17,977 were accumulated by Geode Cap Mgmt Ltd. Moreover, State Street has 0% invested in Greene County Bancorp, Inc. (NASDAQ:GCBC). Wells Fargo And Mn owns 4,249 shares or 0% of their US portfolio. Morgan Stanley owns 6,199 shares. Jpmorgan Chase holds 970 shares. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Greene County Bancorp, Inc. (NASDAQ:GCBC). Moreover, Ameritas Investment Partners has 0% invested in Greene County Bancorp, Inc. (NASDAQ:GCBC) for 235 shares. Pittenger & Anderson owns 1,162 shares. Vanguard Grp Inc Inc reported 122,465 shares. Charles Schwab Inv owns 6,562 shares or 0% of their US portfolio. California State Teachers Retirement System owns 4,635 shares. Denali Advsr Limited Co holds 80 shares or 0% of its portfolio. Deutsche Financial Bank Ag holds 0% of its portfolio in Greene County Bancorp, Inc. (NASDAQ:GCBC) for 6,781 shares. 137,991 were reported by Blackrock.

Since January 25, 2019, it had 4 insider purchases, and 0 insider sales for $68,526 activity. Gibson Donald E also bought $6,079 worth of Greene County Bancorp, Inc. (NASDAQ:GCBC) on Thursday, February 21.

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: Globenewswire.com which released: “Grabbr Launches GRABBRâ„¢ Campaign Block Chain (GCBC) for Enhanced Social Referral Marketing for Brands – GlobeNewswire” on April 10, 2018, also Streetinsider.com with their article: “Form N-PX RYDEX DYNAMIC FUNDS For: Jun 30 – StreetInsider.com” published on August 06, 2018, Globenewswire.com published: “Greene County Bancorp, Inc. Reports 23.1% Increase in Net Income for the Nine Months Ended March 31, 2019 – GlobeNewswire” on April 24, 2019. More interesting news about Greene County Bancorp, Inc. (NASDAQ:GCBC) were released by: Finance.Yahoo.com and their article: “Dow posts largest single-day point gain in its history as stocks rally back from Christmas Eve’s massive stock selloff – Yahoo Finance” published on December 26, 2018 as well as Globenewswire.com‘s news article titled: “Greene County Bancorp, Inc. Announces Cash Dividend – GlobeNewswire” with publication date: October 17, 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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