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

Greene County Bancorp, Inc. (NASDAQ:GCBC) announced a quarterly dividend on Wednesday, April 17th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, May 14th.

Greene County Bancorp has increased its dividend by an average of 37.7% annually over the last three years and has raised its dividend annually for the last 10 consecutive years.

Greene County Bancorp Trading Up 0.5 %

GCBC stock traded up $0.14 during trading on Thursday, hitting $27.40. 17,778 shares of the company traded hands, compared to its average volume of 9,857. The firm has a market capitalization of $466.62 million, a PE ratio of 17.34 and a beta of 0.42. Greene County Bancorp has a 1 year low of $17.50 and a 1 year high of $36.78. The company has a 50-day moving average of $28.02 and a 200-day moving average of $26.54. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.64 and a current ratio of 0.64.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Greene County Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new stake in Greene County Bancorp in the 4th quarter worth approximately $27,000. Bank of America Corp DE lifted its holdings in Greene County Bancorp by 135.3% in the 1st quarter. Bank of America Corp DE now owns 680 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 391 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Greene County Bancorp by 8,562.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 693 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 685 shares during the period. Barclays PLC lifted its holdings in Greene County Bancorp by 531.9% in the 4th quarter. Barclays PLC now owns 910 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 766 shares during the period. Finally, UBS Group AG purchased a new stake in Greene County Bancorp in the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 13.39% of the company’s stock.

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.