Greene County Bancorp (NASDAQ:GCBC) Issues Earnings Results

Greene County Bancorp (NASDAQ:GCBC) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, RTT News reports. Greene County Bancorp had a return on equity of 12.72% and a net margin of 21.02%. During the same quarter last year, the firm posted $0.34 earnings per share.

Greene County Bancorp Trading Down 3.0 %

Shares of Greene County Bancorp stock opened at $26.05 on Friday. 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 firm has a market cap of $443.63 million, a price-to-earnings ratio of 16.81 and a beta of 0.46. The business has a fifty day simple moving average of $29.13 and a 200-day simple moving average of $30.64. Greene County Bancorp has a fifty-two week low of $24.10 and a fifty-two week high of $37.25.

Greene County Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.09 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.38%. Greene County Bancorp’s dividend payout ratio (DPR) is 23.23%.

Insider Activity

In other news, Director Tejraj S. Hada acquired 2,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of $28.00 per share, for a total transaction 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. This represents a 30.07 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Greene County Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday.

Greene County Bancorp Company Profile

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.