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

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 given a dividend of 0.08 per share by the real estate investment trust on Thursday, May 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Tuesday, May 14th.

Greene County Bancorp has raised 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 Price Performance

Shares of NASDAQ:GCBC traded up $0.14 during trading on Thursday, reaching $27.40. 17,778 shares of the company’s stock traded hands, compared to its average volume of 9,857. Greene County Bancorp has a fifty-two week low of $17.50 and a fifty-two week high of $36.78. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.02. The firm has a market cap of $466.62 million, a PE ratio of 17.34 and a beta of 0.42. The company has a 50-day simple moving average of $28.02 and a 200-day simple moving average of $26.54.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Greene County Bancorp

Institutional investors have recently bought and sold shares of the company. American International Group Inc. acquired a new stake in Greene County Bancorp in the 2nd quarter worth about $72,000. Royal Bank of Canada acquired a new stake in Greene County Bancorp in the 1st quarter worth about $65,000. Citigroup Inc. boosted its holdings in Greene County Bancorp by 53,150.0% in the 2nd quarter. Citigroup Inc. now owns 2,130 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 2,126 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Greene County Bancorp by 88.8% in the 1st quarter. California State Teachers Retirement System now owns 2,552 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 1,200 shares during the last quarter. Finally, UBS Group AG acquired a new position in shares of Greene County Bancorp during the 3rd quarter worth approximately $54,000. 13.39% of the stock is currently owned by institutional investors and hedge funds.

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.