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

Greene County Bancorp, Inc. (NASDAQ:GCBC)’s stock price was down 5.8% during mid-day trading on Friday . The stock traded as low as $30.85 and last traded at $30.85. Approximately 12,663 shares were traded during trading, a decline of 30% from the average daily volume of 18,200 shares. The stock had previously closed at $32.74.

Greene County Bancorp Stock Performance

The firm has a 50 day moving average of $32.54 and a two-hundred day moving average of $30.61. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.65 and a quick ratio of 0.66. The stock has a market cap of $529.54 million, a PE ratio of 22.74 and a beta of 0.41.

Greene County Bancorp (NASDAQ:GCBC) last posted its quarterly earnings data 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 company 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. Shareholders of record on Thursday, August 15th were issued a $0.09 dividend. The ex-dividend date was Thursday, August 15th. This is a boost from Greene County Bancorp’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a yield of 1.16%. Greene County Bancorp’s dividend payout ratio (DPR) is 25.00%.

Institutional Trading of Greene County Bancorp

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Greene County Bancorp by 0.7% during the first quarter. Vanguard Group Inc. now owns 362,196 shares of the real estate investment trust’s stock worth $10,428,000 after purchasing an additional 2,407 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Greene County Bancorp by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the real estate investment trust’s stock valued at $2,182,000 after acquiring an additional 7,814 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in 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 acquiring an additional 300 shares during the period. Janus Henderson Group PLC bought a new stake in Greene County Bancorp in the 1st quarter valued at about $272,000. Finally, Renaissance Technologies LLC acquired a new position in Greene County Bancorp during the 2nd quarter worth $260,000. 13.39% of the stock is currently owned by institutional investors and hedge funds.

About Greene County Bancorp

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.