Greene County Bancorp (NASDAQ:GCBC) Hits New 52-Week High – Here’s Why

Greene County Bancorp, Inc. (NASDAQ:GCBC) reached a new 52-week high on Thursday. The company traded as high as $37.25 and last traded at $36.96, with a volume of 14,924 shares. The stock had previously closed at $36.59.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Greene County Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a 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 currently has a consensus rating of “Buy”.

Greene County Bancorp Stock Up 0.6%

The business’s 50 day moving average is $34.92 and its 200 day moving average is $28.87. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $626.25 million, a price-to-earnings ratio of 14.00 and a beta of 0.52.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings data on Thursday, October 22nd. The real estate investment trust reported $0.73 earnings per share for the quarter. 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 for the quarter.

Greene County Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be issued a dividend of $0.11 per share. 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 currently 16.79%.

Institutional Investors Weigh In On Greene County Bancorp

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new stake in Greene County Bancorp during the 2nd quarter worth about $959,000. BlackRock Inc. acquired a new position in shares of Greene County Bancorp in the 2nd quarter valued at about $22,428,000. Hsbc Holdings PLC acquired a new position in shares of Greene County Bancorp in the 2nd quarter valued at about $1,354,000. Bank of America Corp DE acquired a new position in shares of Greene County Bancorp in the 2nd quarter valued at about $643,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Greene County Bancorp in the second quarter worth approximately $232,000. 13.39% of the stock is owned by hedge funds and other institutional investors.

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.