Greene County Bancorp (NASDAQ:GCBC) Announces Quarterly Earnings Results

Greene County Bancorp (NASDAQ:GCBC) released its earnings results on Wednesday. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, RTT News reports. Greene County Bancorp had a return on equity of 12.03% and a net margin of 20.28%. During the same quarter last year, the firm earned $0.34 EPS.

Greene County Bancorp Price Performance

NASDAQ:GCBC opened at $26.85 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $29.30 and its two-hundred day moving average price is $30.67. The firm has a market capitalization of $457.26 million, a price-to-earnings ratio of 18.52 and a beta of 0.46. Greene County Bancorp has a 12-month low of $24.10 and a 12-month high of $37.25.

Greene County Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.34%. Greene County Bancorp’s dividend payout ratio is 24.83%.

Insider Buying and Selling at Greene County Bancorp

In other news, Director Tejraj S. Hada bought 2,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were bought at an average price of $28.00 per share, with a total value of $56,000.00. Following the completion of the transaction, the director now owns 8,651 shares of the company’s stock, valued at $242,228. This trade represents a 30.07 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Nick Barzee bought 892 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was purchased at an average cost of $28.57 per share, for a total transaction of $25,484.44. Following the transaction, the chief financial officer now directly owns 900 shares of the company’s stock, valued at $25,713. The trade was a 11,150.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.10% of the company’s stock.

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.