Greene County Bancorp (GCBC) Reaches New 52-Week High After Dividend Announcement

Shares of Greene County Bancorp (NASDAQ:GCBC) reached a new 52-week high during trading on Friday after the company announced a dividend. The company traded as high as $25.30 and last traded at $25.30, with a volume of 1,098 shares. The stock had previously closed at $23.60.

The newly announced dividend which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $0.38 dividend on an annualized basis and a yield of 1.50%. Greene County Bancorp’s dividend payout ratio (DPR) is currently 32.76%.

The company has a 50-day moving average price of $22.77 and a 200 day moving average price of $21.18. The company has a market cap of $215.10 million, a price-to-earnings ratio of 21.62 and a beta of 0.24.

Greene County Bancorp (NASDAQ:GCBC) last announced its earnings results on Tuesday, January 24th. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $9.34 million for the quarter. Greene County Bancorp had a return on equity of 13.31% and a net margin of 26.71%.

In related news, Director Jay P. Cahalan bought 2,900 shares of the company’s stock in a transaction on Wednesday, February 1st. The shares were acquired at an average price of $22.01 per share, with a total value of $63,829.00. Following the transaction, the director now owns 2,360 shares of the company’s stock, valued at $51,943.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.40% of the stock is currently owned by company insiders.

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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.

5 Day Chart for NASDAQ:GCBC

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