Greene County Bancorp, Inc. (NASDAQ:GCBC) Plans Dividend Increase – $0.11 Per Share

Greene County Bancorp, Inc. (NASDAQ:GCBC) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.11 per share by the real estate investment trust on Monday, August 31st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, August 14th. This is a 10.0% increase from Greene County Bancorp’s previous quarterly dividend of $0.10.

Greene County Bancorp has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 11 consecutive years.

Greene County Bancorp Trading Down 1.1%

NASDAQ:GCBC traded down $0.36 during trading hours on Wednesday, hitting $32.60. The stock had a trading volume of 41,444 shares, compared to its average volume of 23,238. The business’s 50 day moving average is $29.30 and its 200-day moving average is $25.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $555.18 million, a price-to-earnings ratio of 14.24 and a beta of 0.40. Greene County Bancorp has a one year low of $21.25 and a one year high of $36.02.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter. Greene County Bancorp had a net margin of 27.28% and a return on equity of 15.41%. The company had revenue of $44.07 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Greene County Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Greene County Bancorp Company Profile

Greene County Bancorp, Inc is the bank holding company for Greene County Community Bank, a full-service commercial bank based in Waynesburg, Pennsylvania. The company traces its roots to the early 20th century and has cultivated a reputation for community-focused banking in Greene County and the surrounding region of southwestern Pennsylvania.

Through its subsidiary, the company offers a broad range of financial products and services, including personal and business deposit accounts, residential and commercial real estate loans, consumer installment loans, and agricultural financing.