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

Greene County Bancorp, Inc. (NASDAQ:GCBC) declared a quarterly dividend on Thursday, April 18th, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be given 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 payment by an average of 37.7% per year over the last three years and has increased its dividend annually for the last 10 consecutive years.

Greene County Bancorp Trading Up 0.5 %

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

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Greene County Bancorp

Hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC bought a new position in Greene County Bancorp in the 4th quarter valued at $27,000. Bank of America Corp DE grew its position in shares of Greene County Bancorp by 135.3% during 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 in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Greene County Bancorp by 8,562.5% during 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 in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Greene County Bancorp by 648.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,788 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,549 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC grew its position in shares of Greene County Bancorp by 691.5% during the 1st quarter. BNP Paribas Arbitrage SNC now owns 2,153 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,881 shares in the last quarter. Institutional investors own 13.39% of the company’s stock.

About Greene County Bancorp

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.