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

Greene County Bancorp, Inc. (NASDAQ:GCBC) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.09 per share by the real estate investment trust on Friday, February 28th. This represents a $0.36 dividend on an annualized basis and a yield of 1.33%.

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

Greene County Bancorp Stock Performance

NASDAQ:GCBC opened at $26.97 on Wednesday. Greene County Bancorp has a 52 week low of $24.10 and a 52 week high of $37.25. The company has a fifty day simple moving average of $29.44 and a two-hundred day simple moving average of $30.70. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.14. The company has a market cap of $459.30 million, a price-to-earnings ratio of 18.60 and a beta of 0.46.

Greene County Bancorp (NASDAQ:GCBC) last issued its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported $0.37 earnings per share for the quarter. The company had revenue of $31.51 million for the quarter. Greene County Bancorp had a return on equity of 12.03% and a net margin of 20.28%.

Insider Transactions at Greene County Bancorp

In other news, CFO Nick Barzee acquired 892 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was acquired at an average cost of $28.57 per share, with a total value of $25,484.44. Following the transaction, the chief financial officer now owns 900 shares in the company, valued at approximately $25,713. This trade represents a 11,150.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Tejraj S. Hada purchased 2,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $28.00 per share, with a total value of $56,000.00. Following the completion of the acquisition, the director now directly owns 8,651 shares in the company, valued at $242,228. The trade was a 30.07 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.