Greene County Bancorp (NASDAQ:GCBC) Issues Earnings Results

Greene County Bancorp (NASDAQ:GCBC) issued 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 12.03% and a net margin of 20.28%. During the same quarter in the prior year, the company earned $0.34 EPS.

Greene County Bancorp Stock Down 0.4 %

Shares of GCBC opened at $26.85 on Thursday. Greene County Bancorp has a 52 week low of $24.10 and a 52 week high of $37.25. The stock has a market capitalization of $457.26 million, a price-to-earnings ratio of 18.52 and a beta of 0.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a fifty day moving average of $29.30 and a 200-day moving average of $30.67.

Greene County Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.34%. Greene County Bancorp’s payout ratio is 24.83%.

Insider Activity

In other Greene County Bancorp news, Director Tejraj S. Hada acquired 2,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of $28.00 per share, with a total value of $56,000.00. Following the purchase, the director now directly owns 8,651 shares of the company’s stock, valued at $242,228. This trade represents a 30.07 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Nick Barzee acquired 892 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was acquired at an average cost of $28.57 per share, for a total transaction of $25,484.44. Following the completion of the purchase, the chief financial officer now directly owns 900 shares in the company, valued at $25,713. This trade represents a 11,150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.10% of the stock is owned by corporate insiders.

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.