Greene County Bancorp, Inc. (GCBC) to Issue Quarterly Dividend of $0.10 on May 29th

Greene County Bancorp, Inc. (NASDAQ:GCBC) declared a quarterly dividend on Wednesday, April 22nd. Investors of record on Friday, May 15th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 15th.

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

Greene County Bancorp Trading Up 1.9%

Shares of NASDAQ GCBC opened at $24.00 on Wednesday. The firm’s 50 day moving average price is $22.99 and its 200-day moving average price is $22.92. The company has a market cap of $408.72 million, a PE ratio of 10.48 and a beta of 0.41. Greene County Bancorp has a 52-week low of $21.16 and a 52-week high of $26.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.63 and a current ratio of 0.65.

Greene County Bancorp (NASDAQ:GCBC) last issued its earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $44.07 million for the quarter. Greene County Bancorp had a net margin of 27.28% and a return on equity of 15.41%.

Insider Activity at Greene County Bancorp

In related news, CFO Nick Barzee bought 1,280 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of $22.55 per share, with a total value of $28,864.00. Following the completion of the purchase, the chief financial officer owned 4,520 shares of the company’s stock, valued at approximately $101,926. The trade was a 39.51% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John Brust bought 2,080 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were bought at an average cost of $24.05 per share, with a total value of $50,024.00. Following the completion of the purchase, the director directly owned 4,180 shares of the company’s stock, valued at $100,529. This represents a 99.05% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 15,701 shares of company stock valued at $355,638 in the last ninety days. Corporate insiders own 59.20% of the company’s stock.

Hedge Funds Weigh In On Greene County Bancorp

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in Greene County Bancorp by 31.1% during the second quarter. BNP Paribas Financial Markets now owns 1,897 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 450 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Greene County Bancorp by 2.4% during the first quarter. Goldman Sachs Group Inc. now owns 20,909 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 500 shares in the last quarter. Hsbc Holdings PLC raised its stake in Greene County Bancorp by 1.2% during the first quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust’s stock valued at $968,000 after purchasing an additional 521 shares in the last quarter. CWM LLC raised its stake in Greene County Bancorp by 35.9% during the third quarter. CWM LLC now owns 2,296 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 607 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Greene County Bancorp by 3.6% during the third quarter. Bank of America Corp DE now owns 18,085 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 636 shares in the last quarter. 13.39% of the stock is owned by hedge funds and other institutional investors.

About Greene County Bancorp

Greene County Bancorp, Inc is the bank holding company for Greene County Community Bank, a full-service commercial bank based in Waynesburg, Pennsylvania. The company traces its roots to the early 20th century and has cultivated a reputation for community-focused banking in Greene County and the surrounding region of southwestern Pennsylvania.

Through its subsidiary, the company offers a broad range of financial products and services, including personal and business deposit accounts, residential and commercial real estate loans, consumer installment loans, and agricultural financing.