Greene County Bancorp (NASDAQ:GCBC) Issues Earnings Results

Greene County Bancorp (NASDAQ:GCBC) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, Zacks reports. Greene County Bancorp had a net margin of 28.14% and a return on equity of 15.60%. The firm had revenue of $24.80 million during the quarter.

Greene County Bancorp Stock Up 4.2%

Shares of NASDAQ:GCBC opened at $36.01 on Friday. The company has a market capitalization of $612.89 million, a price-to-earnings ratio of 14.94 and a beta of 0.47. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.65 and a quick ratio of 0.65. The business’s 50-day moving average is $34.72 and its 200-day moving average is $30.77. Greene County Bancorp has a 1 year low of $21.38 and a 1 year high of $37.25.

Greene County Bancorp Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.