Greene County Bancorp (NASDAQ:GCBC) Reaches New 12-Month High – Here’s What Happened

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s share price reached a new 52-week high during trading on Thursday. The company traded as high as $37.25 and last traded at $36.96, with a volume of 14,924 shares. The stock had previously closed at $36.59.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Greene County Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy”.

Greene County Bancorp Trading Up 0.4%

The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02. The business’s fifty day simple moving average is $34.97 and its two-hundred day simple moving average is $29.01. The stock has a market capitalization of $614.93 million, a P/E ratio of 13.79 and a beta of 0.52.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings results on Thursday, October 22nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter. Greene County Bancorp had a return on equity of 16.67% and a net margin of 30.24%. The firm had revenue of $24.80 million for the quarter.

Greene County Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, November 13th. Greene County Bancorp’s dividend payout ratio is presently 16.79%.

Institutional Investors Weigh In On Greene County Bancorp

A number of institutional investors have recently bought and sold shares of GCBC. Bank of New York Mellon Corp bought a new position in shares of Greene County Bancorp during the 2nd quarter worth about $959,000. BlackRock Inc. acquired a new position in Greene County Bancorp in the second quarter worth about $22,428,000. Hsbc Holdings PLC acquired a new position in Greene County Bancorp in the second quarter worth about $1,354,000. Bank of America Corp DE bought a new position in Greene County Bancorp during the second quarter worth about $643,000. Finally, Deutsche Bank AG bought a new position in Greene County Bancorp during the second quarter worth about $233,000. Institutional investors and hedge funds own 13.39% of the company’s stock.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc is a bank holding company headquartered in Catskill, New York. Through its principal subsidiary, The Bank of Greene County, the company provides community banking services to individuals, families, businesses and nonprofit organizations.

The Bank of Greene County offers deposit products, residential and commercial real estate loans, consumer lending, business loans and other financial services. Its product offerings include checking and savings accounts, certificates of deposit, online and mobile banking, treasury management and investment-related services.

Founded in 1889, the bank has a long history of serving communities in New York’s Hudson Valley.