Greene County Bancorp, Inc. (NASDAQ:GCBC) Declares $0.13 Quarterly Dividend

Greene County Bancorp, Inc. (NASDAQ:GCBCGet Rating) announced a quarterly dividend on Thursday, April 21st, Wall Street Journal reports. Shareholders of record on Friday, May 13th will be paid a dividend of 0.13 per share by the real estate investment trust on Tuesday, May 31st. This represents a $0.52 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Thursday, May 12th.

GCBC stock traded down $1.81 during mid-day trading on Thursday, reaching $50.06. The company’s stock had a trading volume of 16,425 shares, compared to its average volume of 13,045. The company has a market cap of $426.16 million, a price-to-earnings ratio of 16.42 and a beta of 0.35. The business’s 50 day moving average price is $45.25 and its 200 day moving average price is $38.92. Greene County Bancorp has a 12 month low of $25.00 and a 12 month high of $52.00.

Greene County Bancorp (NASDAQ:GCBCGet Rating) last issued its earnings results on Monday, January 24th. The real estate investment trust reported $0.81 earnings per share for the quarter. The business had revenue of $17.69 million during the quarter. Greene County Bancorp had a return on equity of 17.82% and a net margin of 36.92%.

In other news, Director Jay P. Cahalan acquired 770 shares of Greene County Bancorp stock in a transaction on Thursday, February 17th. The stock was purchased at an average price of $39.00 per share, with a total value of $30,030.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC purchased a new position in shares of Greene County Bancorp during the fourth quarter valued at approximately $2,001,000. Geode Capital Management LLC boosted its position in shares of Greene County Bancorp by 50.5% during the third quarter. Geode Capital Management LLC now owns 13,311 shares of the real estate investment trust’s stock valued at $483,000 after buying an additional 4,467 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Greene County Bancorp during the second quarter valued at approximately $430,000. BlackRock Inc. boosted its position in shares of Greene County Bancorp by 3.5% during the fourth quarter. BlackRock Inc. now owns 10,034 shares of the real estate investment trust’s stock valued at $369,000 after buying an additional 343 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Greene County Bancorp during the fourth quarter valued at approximately $330,000. 5.97% of the stock is currently owned by institutional investors.

Separately, StockNews.com assumed coverage on Greene County Bancorp in a research note on Thursday, March 24th. They issued a “hold” rating for the company.

About Greene County Bancorp (Get Rating)

Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. Its deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.

Further Reading

Dividend History for Greene County Bancorp (NASDAQ:GCBC)

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