Greene County Bancorp, Inc. (NASDAQ:GCBC) Shareholders to Receive $0.11 Quarterly Dividend

Key Points

• Greene County Bancorp declared a quarterly dividend of $0.11 per share, payable November 27 to shareholders of record on November 13. The annualized dividend is $0.44, representing a 1.2% yield, and the company has raised its dividend for 11 consecutive years.
• GCBC shares rose 5.9% to $36.62, near the company’s 12-month high of $37.25. The bank reported quarterly EPS of $0.73 on revenue of $24.8 million, with a 28.14% net margin and 15.60% return on equity.
• Institutional investors own 13.39% of Greene County Bancorp, with several major firms—including Northwestern Mutual, Bank of America and Renaissance Technologies—recently increasing their positions.

Greene County Bancorp, Inc. (NASDAQ:GCBC - Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.11 per share by the real estate investment trust on Friday, November 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, November 13th.

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

Greene County Bancorp Stock Up 5.9%

Shares of NASDAQ GCBC traded up $2.05 on Thursday, hitting $36.62. The company had a trading volume of 26,222 shares, compared to its average volume of 26,103. Greene County Bancorp has a 12-month low of $21.38 and a 12-month high of $37.25. The business has a 50 day moving average of $34.70 and a two-hundred day moving average of $30.68. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $623.49 million, a P/E ratio of 15.31 and a beta of 0.47.

Greene County Bancorp (NASDAQ:GCBC - Get Free Report) last announced its earnings results on Thursday, October 22nd. The real estate investment trust reported $0.73 EPS for the quarter. The business had revenue of $24.80 million for the quarter. Greene County Bancorp had a return on equity of 15.60% and a net margin of 28.14%.

Institutional Trading of Greene County Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of GCBC. Hsbc Holdings PLC lifted its stake in shares of Greene County Bancorp by 1.2% in the first quarter. Hsbc Holdings PLC now owns 42,421 shares of the real estate investment trust's stock worth $968,000 after acquiring an additional 521 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Greene County Bancorp by 211.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,244 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 844 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Greene County Bancorp by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 92,607 shares of the real estate investment trust's stock worth $2,076,000 after purchasing an additional 1,006 shares during the last quarter. Bank of America Corp DE raised its position in shares of Greene County Bancorp by 5.2% in the 1st quarter. Bank of America Corp DE now owns 21,302 shares of the real estate investment trust's stock valued at $477,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Greene County Bancorp by 2.6% in the 1st quarter. Renaissance Technologies LLC now owns 51,000 shares of the real estate investment trust's stock valued at $1,143,000 after purchasing an additional 1,300 shares in the last quarter. 13.39% of the stock is owned by hedge funds and other institutional investors.

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.

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