Greene County Bancorp, Inc. Plans Quarterly Dividend of $0.08 (NASDAQ:GCBC)

Greene County Bancorp, Inc. (NASDAQ:GCBCGet Free Report) declared a quarterly dividend on Wednesday, January 17th, Zacks reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.08 per share by the real estate investment trust on Wednesday, February 28th. This represents a $0.32 annualized dividend and a yield of 1.02%. The ex-dividend date is Wednesday, February 14th.

Greene County Bancorp has raised its dividend payment by an average of 37.7% annually over the last three years and has raised its dividend annually for the last 10 consecutive years.

Greene County Bancorp Stock Performance

Shares of GCBC opened at $31.34 on Tuesday. The stock has a market capitalization of $533.72 million, a PE ratio of 19.84 and a beta of 0.39. The company’s fifty day moving average is $27.22 and its 200 day moving average is $27.19. Greene County Bancorp has a fifty-two week low of $17.50 and a fifty-two week high of $36.78.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Greene County Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, December 23rd.

View Our Latest Stock Analysis on GCBC

Institutional Investors Weigh In On Greene County Bancorp

Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new position in Greene County Bancorp during the 4th quarter valued at approximately $27,000. Bank of America Corp DE raised its stake in shares of Greene County Bancorp by 135.3% during the 1st quarter. Bank of America Corp DE now owns 680 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 391 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Greene County Bancorp by 8,562.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 693 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 685 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Greene County Bancorp by 648.1% in the first quarter. Tower Research Capital LLC TRC now owns 1,788 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,549 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC boosted its stake in shares of Greene County Bancorp by 691.5% in the first quarter. BNP Paribas Arbitrage SNC now owns 2,153 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,881 shares during the last quarter. Hedge funds and other institutional investors own 13.37% of the company’s stock.

About Greene County Bancorp

(Get Free Report)

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.

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Dividend History for Greene County Bancorp (NASDAQ:GCBC)

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