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

Greene County Bancorp, Inc. (NASDAQ:GCBC) declared a quarterly dividend on Tuesday, April 15th, RTT News reports. Stockholders of record on Friday, May 16th will be paid 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 dividend yield of 1.56%. The ex-dividend date is Friday, May 16th.

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

Greene County Bancorp Stock Down 0.2%

Shares of NASDAQ GCBC opened at $23.12 on Wednesday. Greene County Bancorp has a one year low of $20.00 and a one year high of $37.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.63 and a quick ratio of 0.63. The business’s fifty day moving average price is $22.64 and its 200-day moving average price is $26.59. The stock has a market capitalization of $393.73 million, a PE ratio of 14.92 and a beta of 0.52.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.47 EPS for the quarter. Greene County Bancorp had a return on equity of 12.55% and a net margin of 21.02%. The firm had revenue of $20.07 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Greene County Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 26th.

Insider Buying and Selling

In other Greene County Bancorp news, CFO Nick Barzee purchased 1,500 shares of the stock in a transaction on Friday, April 25th. The shares were purchased at an average price of $21.50 per share, with a total value of $32,250.00. Following the acquisition, the chief financial officer now directly owns 3,240 shares in the company, valued at approximately $69,660. The trade was a 86.21% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tejraj S. Hada purchased 7,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was acquired at an average cost of $23.39 per share, for a total transaction of $163,730.00. Following the acquisition, the director now owns 15,706 shares in the company, valued at approximately $367,363.34. This represents a 80.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 10,444 shares of company stock valued at $247,399. 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.