Greene County Bancorp (NASDAQ:GCBC) Trading Down 5.8%

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBC) fell 5.8% during trading on Friday . The company traded as low as $30.85 and last traded at $30.85. 12,663 shares traded hands during trading, a decline of 30% from the average session volume of 18,200 shares. The stock had previously closed at $32.74.

Greene County Bancorp Stock Down 5.0 %

The business’s 50 day moving average is $32.54 and its 200 day moving average is $30.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.66 and a current ratio of 0.65. The stock has a market cap of $529.54 million, a price-to-earnings ratio of 22.74 and a beta of 0.41.

Greene County Bancorp (NASDAQ:GCBC) last announced its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.40 EPS for the quarter. Greene County Bancorp had a net margin of 21.07% and a return on equity of 12.63%. The firm had revenue of $16.58 million for the quarter.

Greene County Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.16%. This is a positive change from Greene County Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, August 15th. Greene County Bancorp’s dividend payout ratio is presently 25.00%.

Hedge Funds Weigh In On Greene County Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of GCBC. Renaissance Technologies LLC bought a new stake in Greene County Bancorp in the 2nd quarter valued at $260,000. Dimensional Fund Advisors LP grew its stake in shares of Greene County Bancorp by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the real estate investment trust’s stock valued at $2,182,000 after buying an additional 7,814 shares in the last quarter. FineMark National Bank & Trust acquired a new position in shares of Greene County Bancorp during the 2nd quarter worth about $229,000. Bank of New York Mellon Corp lifted its position in shares of Greene County Bancorp by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 22,546 shares of the real estate investment trust’s stock valued at $760,000 after buying an additional 300 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in Greene County Bancorp during the first quarter worth $272,000. 13.39% of the stock is owned by institutional investors.

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.