Greene County Bancorp (NASDAQ:GCBC) Reaches New 12-Month High – Here’s What Happened

Greene County Bancorp, Inc. (NASDAQ:GCBC) hit a new 52-week high during trading on Friday. The stock traded as high as $37.25 and last traded at $36.01, with a volume of 46,475 shares. The stock had previously closed at $34.57.

Analysts Set New Price Targets

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

Greene County Bancorp Stock Up 4.2%

The stock’s 50 day moving average is $34.72 and its 200 day moving average is $30.77. The company has a market capitalization of $612.89 million, a PE ratio of 14.94 and a beta of 0.47. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65.

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

Greene County Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, November 13th. Greene County Bancorp’s dividend payout ratio (DPR) is presently 18.26%.

Institutional Investors Weigh In On Greene County Bancorp

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Greene County Bancorp during the 2nd quarter valued at about $22,428,000. Dimensional Fund Advisors LP boosted its position in Greene County Bancorp by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust’s stock valued at $2,076,000 after buying an additional 1,006 shares during the period. Hsbc Holdings PLC purchased a new position in Greene County Bancorp during the 2nd quarter valued at about $1,354,000. Renaissance Technologies LLC increased its holdings in Greene County Bancorp by 2.6% during the 1st quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust’s stock valued at $1,143,000 after purchasing an additional 1,300 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Greene County Bancorp during the 2nd quarter valued at approximately $959,000. 13.39% of the stock is currently owned by institutional investors.

About Greene County Bancorp

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.