Greene County Bancorp, Inc. (NASDAQ:GCBC) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in Greene County Bancorp, Inc. (NASDAQ:GCBC) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,033 shares of the real estate investment trust’s stock after selling 531 shares during the quarter. Rhumbline Advisers owned 0.05% of Greene County Bancorp worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets grew its stake in shares of Greene County Bancorp by 12.7% in the first quarter. BNP Paribas Financial Markets now owns 4,272 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 483 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Greene County Bancorp during the 1st quarter worth $272,000. Bank of New York Mellon Corp grew its stake in Greene County Bancorp by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 22,546 shares of the real estate investment trust’s stock worth $760,000 after purchasing an additional 300 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Greene County Bancorp by 0.7% during the 1st 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 in the last quarter. 13.39% of the stock is owned by institutional investors and hedge funds.

Greene County Bancorp Trading Up 0.5 %

GCBC opened at $30.48 on Friday. Greene County Bancorp, Inc. has a 12 month low of $22.33 and a 12 month high of $37.25. The stock has a market capitalization of $518.98 million, a price-to-earnings ratio of 21.17 and a beta of 0.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day moving average price of $32.13 and a 200 day moving average price of $30.72.

Greene County Bancorp (NASDAQ:GCBC) last released its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.40 EPS for the quarter. Greene County Bancorp had a return on equity of 12.63% and a net margin of 21.07%. The firm had revenue of $16.58 million during the quarter.

Greene County Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.18%. This is a boost from Greene County Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, August 15th. Greene County Bancorp’s payout ratio is presently 25.00%.

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.