Greene County Bancorp (NASDAQ:GCBC) Issues Earnings Results

Greene County Bancorp (NASDAQ:GCBC) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, Zacks reports. Greene County Bancorp had a net margin of 30.24% and a return on equity of 16.67%. The firm had revenue of $24.80 million during the quarter.

Greene County Bancorp Trading Down 1.1%

Shares of NASDAQ GCBC traded down $0.40 during midday trading on Friday, reaching $35.61. The stock had a trading volume of 18,781 shares, compared to its average volume of 24,563. The company’s 50 day moving average price is $34.74 and its 200 day moving average price is $30.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65. Greene County Bancorp has a twelve month low of $21.38 and a twelve month high of $37.25. The firm has a market cap of $606.08 million, a price-to-earnings ratio of 13.59 and a beta of 0.47.

Greene County Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be given a $0.11 dividend. The ex-dividend date 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 payout ratio is 18.26%.

Analyst Upgrades and Downgrades

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

About Greene County Bancorp

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.