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

Greene County Bancorp, Inc. (NASDAQ:GCBC) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.09 per share by the real estate investment trust on Friday, February 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, February 14th.

Greene County Bancorp has raised its dividend by an average of 10.8% per year over the last three years and has raised its dividend annually for the last 11 consecutive years.

Greene County Bancorp Trading Down 3.0 %

Shares of GCBC opened at $26.05 on Friday. Greene County Bancorp has a twelve month low of $24.10 and a twelve month high of $37.25. The firm has a market capitalization of $443.63 million, a P/E ratio of 16.81 and a beta of 0.46. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.14. The stock’s fifty day simple moving average is $29.13 and its 200 day simple moving average is $30.64.

Greene County Bancorp (NASDAQ:GCBC) last issued its earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 12.72% and a net margin of 21.02%. During the same quarter in the previous year, the company posted $0.34 earnings per share.

Insider Activity

In other news, Director Tejraj S. Hada purchased 2,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $28.00 per share, with a total value of $56,000.00. Following the acquisition, the director now owns 8,651 shares in the company, valued at approximately $242,228. This trade represents a 30.07 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.