Greene County Bancorp, Inc. (GCBC) Announces Quarterly Earnings Results
Greene County Bancorp, Inc. (NASDAQ:GCBC) released its earnings results on Wednesday. The real estate investment trust reported $0.41 EPS for the quarter, Bloomberg Earnings reports. The firm had revenue of $9.91 million during the quarter. Greene County Bancorp had a net margin of 28.18% and a return on equity of 14.02%.
Greene County Bancorp (NASDAQ GCBC) traded up 1.31% during mid-day trading on Thursday, reaching $30.85. 1,631 shares of the company’s stock traded hands. Greene County Bancorp has a 52-week low of $16.95 and a 52-week high of $32.20. The company has a market capitalization of $262.29 million, a price-to-earnings ratio of 23.55 and a beta of 0.26. The company has a 50-day moving average of $29.59 and a 200-day moving average of $26.02.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be paid a $0.0975 dividend. This is a boost from Greene County Bancorp’s previous quarterly dividend of $0.10. This represents a $0.39 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Tuesday, November 14th. Greene County Bancorp’s payout ratio is presently 29.55%.
An institutional investor recently raised its position in Greene County Bancorp stock. State Street Corp lifted its position in Greene County Bancorp, Inc. (NASDAQ:GCBC) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,199 shares of the real estate investment trust’s stock after acquiring an additional 1,211 shares during the quarter. State Street Corp owned approximately 0.39% of Greene County Bancorp worth $902,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.87% of the company’s stock.
Greene County Bancorp Company Profile
Greene County Bancorp, Inc is the holding company of The Bank of Greene County, a federally chartered savings bank. The Company’s principal business is overseeing and directing the business of The Bank of Greene County and monitoring its cash position. The Bank of Greene County, through its affiliations, offers investment alternatives for customers.
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