Greene County Bancorp, Inc. (NASDAQ:GCBC) Shareholders Set to Receive $0.11 Quarterly Dividend

Greene County Bancorp, Inc. (NASDAQ:GCBC) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 13th will be given a dividend of $0.11 per share by the real estate investment trust on Friday, November 27th. This represents a $0.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, November 13th.

Greene County Bancorp has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 11 consecutive years.

Greene County Bancorp Stock Up 5.9%

GCBC stock traded up $2.05 during mid-day trading on Thursday, hitting $36.62. 26,222 shares of the company were exchanged, compared to its average volume of 26,103. The firm has a fifty day simple moving average of $34.70 and a 200 day simple moving average of $30.68. The company has a market capitalization of $623.49 million, a PE ratio of 15.31 and a beta of 0.47. Greene County Bancorp has a twelve month low of $21.38 and a twelve month high of $37.25. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02.

Greene County Bancorp (NASDAQ:GCBC) last issued its earnings results on Thursday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter. The business had revenue of $24.80 million for the quarter. Greene County Bancorp had a net margin of 28.14% and a return on equity of 15.60%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Greene County Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, Greene County Bancorp has a consensus rating of “Buy”.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc is a bank holding company headquartered in Catskill, New York. Through its principal subsidiary, The Bank of Greene County, the company provides community banking services to individuals, families, businesses and nonprofit organizations.

The Bank of Greene County offers deposit products, residential and commercial real estate loans, consumer lending, business loans and other financial services. Its product offerings include checking and savings accounts, certificates of deposit, online and mobile banking, treasury management and investment-related services.

Founded in 1889, the bank has a long history of serving communities in New York’s Hudson Valley.