Greene County Bancorp, Inc. (NASDAQ:GCBC) Declares $0.09 Quarterly Dividend

Greene County Bancorp, Inc. (NASDAQ:GCBC) declared a quarterly dividend on Wednesday, April 16th, RTT News reports. Shareholders of record on Friday, May 16th will be given a dividend of 0.09 per share by the real estate investment trust on Friday, May 30th. This represents a $0.36 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Friday, May 16th.

Greene County Bancorp has increased its dividend payment by an average of 10.8% annually over the last three years and has increased its dividend every year for the last 11 years.

Greene County Bancorp Price Performance

GCBC stock opened at $21.41 on Friday. The stock has a 50-day moving average price of $24.31 and a two-hundred day moving average price of $27.48. The company has a market cap of $364.55 million, a PE ratio of 13.81 and a beta of 0.36. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.03. Greene County Bancorp has a 12-month low of $20.00 and a 12-month high of $37.25.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share for the quarter. Greene County Bancorp had a net margin of 21.02% and a return on equity of 12.55%. During the same quarter in the previous year, the business earned $0.34 EPS.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a research report on Friday.

Insider Activity

In other news, Director Tejraj S. Hada bought 7,000 shares of Greene County Bancorp stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average cost of $23.39 per share, with a total value of $163,730.00. Following the completion of the transaction, the director now owns 15,706 shares in the company, valued at approximately $367,363.34. This trade represents a 80.40 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay P. Cahalan purchased 1,944 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $26.45 per share, with a total value of $51,418.80. Following the completion of the acquisition, the director now owns 29,324 shares in the company, valued at approximately $775,619.80. This represents a 7.10 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 9,784 shares of company stock worth $237,409. 5.10% of the stock is currently owned by corporate insiders.

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.