Greene County Bancorp (NASDAQ:GCBC) Shares Gap Up to $30.57

Greene County Bancorp, Inc. (NASDAQ:GCBC) gapped up before the market opened on Tuesday . The stock had previously closed at $30.57, but opened at $31.40. Greene County Bancorp shares last traded at $31.40, with a volume of 314 shares changing hands.

Greene County Bancorp Trading Down 3.1 %

The firm has a market cap of $513.53 million, a PE ratio of 20.94 and a beta of 0.41. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $32.51 and a 200 day simple moving average of $30.52.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.40 earnings per share for the quarter. Greene County Bancorp had a net margin of 21.07% and a return on equity of 12.84%. The firm had revenue of $16.58 million for the quarter.

Greene County Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.09 per share. This is a positive change from Greene County Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Thursday, August 15th. Greene County Bancorp’s dividend payout ratio (DPR) is currently 25.00%.

Institutional Investors Weigh In On Greene County Bancorp

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in shares of Greene County Bancorp by 12.7% in the first quarter. BNP Paribas Financial Markets now owns 4,272 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 483 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Greene County Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust’s stock valued at $10,428,000 after purchasing an additional 2,407 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Greene County Bancorp during the first quarter worth about $272,000. Bank of New York Mellon Corp raised its holdings in Greene County Bancorp by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 22,546 shares of the real estate investment trust’s stock valued at $760,000 after acquiring an additional 300 shares in the last quarter. Finally, FineMark National Bank & Trust bought a new position in shares of Greene County Bancorp during the second quarter worth about $229,000. Institutional investors and hedge funds own 13.39% of the company’s stock.

Greene County Bancorp Company Profile

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.