Greene County Bancorp (NASDAQ:GCBC) Releases Quarterly Earnings Results

Greene County Bancorp (NASDAQ:GCBC) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.73 EPS for the quarter, Zacks reports. Greene County Bancorp had a return on equity of 15.60% and a net margin of 28.14%. The company had revenue of $24.80 million during the quarter.

Greene County Bancorp Stock Performance

NASDAQ GCBC traded up $2.28 during trading hours on Thursday, hitting $36.85. 20,445 shares of the company’s stock traded hands, compared to its average volume of 25,995. The business’s fifty day moving average price is $34.70 and its two-hundred day moving average price is $30.68. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $627.37 million, a P/E ratio of 15.29 and a beta of 0.47. Greene County Bancorp has a 52 week low of $21.38 and a 52 week high of $37.25.

Greene County Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 27th. Investors of record on Friday, November 13th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.2%. Greene County Bancorp’s dividend payout ratio (DPR) is presently 18.26%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Greene County Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy”.

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.