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

Greene County Bancorp, Inc. (NASDAQ:GCBC) announced a quarterly dividend on Wednesday, April 17th, 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 annualized dividend and a dividend 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 increased its dividend annually for the last 10 consecutive years.

Greene County Bancorp Price Performance

Shares of GCBC stock opened at $27.40 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.64 and a current ratio of 0.64. The stock’s 50-day simple moving average is $28.05 and its 200-day simple moving average is $26.54. Greene County Bancorp has a fifty-two week low of $17.50 and a fifty-two week high of $36.78. The firm has a market capitalization of $466.62 million, a price-to-earnings ratio of 17.34 and a beta of 0.42.

Greene County Bancorp (NASDAQ:GCBC) last posted its earnings results on Tuesday, January 23rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter. The business 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 institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its position in shares of Greene County Bancorp by 5.4% during the 1st quarter. Bank of New York Mellon Corp now owns 15,109 shares of the real estate investment trust’s stock worth $675,000 after purchasing an additional 775 shares during the last quarter. Citigroup Inc. purchased a new stake in Greene County Bancorp during the 1st quarter worth approximately $291,000. Dimensional Fund Advisors LP raised its holdings in shares of Greene County Bancorp by 43.3% during the first quarter. Dimensional Fund Advisors LP now owns 19,616 shares of the real estate investment trust’s stock valued at $879,000 after acquiring an additional 5,930 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Greene County Bancorp by 19.0% in the first quarter. Vanguard Group Inc. now owns 144,536 shares of the real estate investment trust’s stock valued at $6,460,000 after acquiring an additional 23,121 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC purchased a new position in shares of Greene County Bancorp in the first quarter valued at approximately $1,297,000. Institutional investors and hedge funds own 13.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Greene County Bancorp from a “hold” rating to a “sell” rating in a research note 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.