Alert: Positive Investment/Fundamental Signals (12/15/23)-Greene County Bancorp Inc (NASDAQ: GCBC)

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Greene County Bancorp Inc (NASDAQ: GCBC) has benefited from extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and positive upside/downside volume developed.

Notable positive changes in Greene County Bancorp Inc (NASDAQ: GCBC) fundamentals have recently occurred: the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

GCBC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Greene County Bancorp has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Greene County Bancorp has a neutral Appreciation Score of 49 but a good Power Rating of 73, with the High Neutral Value Trend Rating the result.

Recent Price Action

Greene County Bancorp Inc (NASDAQ: GCBC) stock closed at $25.73 on 12/15/23 after a large increase of 3.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 572% of normal. The stock has been strong relative to the market over the last nine months and has risen 3.0% during the last week.

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