Greene County Bancorp, Inc. (NASDAQ:GCBC) Declares $0.08 Quarterly Dividend

Greene County Bancorp, Inc. (NASDAQ:GCBC) announced a quarterly dividend on Thursday, April 18th, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.08 per share by the real estate investment trust on Thursday, May 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Tuesday, May 14th.

Greene County Bancorp has raised its dividend payment by an average of 37.7% per year over the last three years and has raised its dividend every year for the last 10 years.

Greene County Bancorp Price Performance

Shares of GCBC stock traded up $0.14 during trading hours on Thursday, hitting $27.40. 17,778 shares of the company’s stock were exchanged, compared to its average volume of 9,840. The company has a market capitalization of $466.62 million, a PE ratio of 17.25 and a beta of 0.42. Greene County Bancorp has a 12-month low of $17.50 and a 12-month high of $36.78. The business’s 50 day simple moving average is $28.02 and its 200-day simple moving average is $26.54. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.02.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.34 EPS for the quarter. The firm had revenue of $15.87 million for the quarter. Greene County Bancorp had a net margin of 24.60% and a return on equity of 14.42%.

Institutional Trading of Greene County Bancorp

Several large investors have recently added to or reduced their stakes in GCBC. Lazard Asset Management LLC purchased a new position in Greene County Bancorp during the fourth quarter valued at $27,000. Bank of America Corp DE lifted its position in Greene County Bancorp by 135.3% during the first quarter. Bank of America Corp DE now owns 680 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 391 shares during the period. BNP Paribas Arbitrage SA lifted its position in Greene County Bancorp by 8,562.5% during the second quarter. BNP Paribas Arbitrage SA now owns 693 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 685 shares during the period. Tower Research Capital LLC TRC lifted its position in Greene County Bancorp by 648.1% during the first quarter. Tower Research Capital LLC TRC now owns 1,788 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 1,549 shares during the period. Finally, BNP Paribas Arbitrage SNC lifted its position in Greene County Bancorp by 691.5% during the first quarter. BNP Paribas Arbitrage SNC now owns 2,153 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,881 shares during the period. Institutional investors own 13.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a report on Saturday, December 23rd.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. The company's deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.