Greene County Bancorp (NASDAQ:GCBC) Hits New 12-Month High at $61.00

Shares of Greene County Bancorp, Inc. (NASDAQ:GCBCGet Rating) reached a new 52-week high on Wednesday . The company traded as high as $61.00 and last traded at $60.70, with a volume of 117 shares. The stock had previously closed at $60.36.

Greene County Bancorp Stock Down 0.6 %

The company has a market cap of $513.41 million, a P/E ratio of 18.34 and a beta of 0.27. The business has a 50-day moving average price of $52.12 and a two-hundred day moving average price of $50.30.

Greene County Bancorp (NASDAQ:GCBCGet Rating) last released its earnings results on Monday, July 25th. The real estate investment trust reported $0.80 earnings per share for the quarter. The company had revenue of $18.13 million during the quarter. Greene County Bancorp had a return on equity of 17.78% and a net margin of 37.03%.

Greene County Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, August 12th. This is an increase from Greene County Bancorp’s previous quarterly dividend of $0.13. Greene County Bancorp’s dividend payout ratio is currently 17.02%.

Institutional Investors Weigh In On Greene County Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in Greene County Bancorp by 135.3% in the first quarter. Bank of America Corp DE now owns 680 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 391 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Greene County Bancorp by 319.1% in the second quarter. Lazard Asset Management LLC now owns 725 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 552 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Greene County Bancorp by 45.7% in the second quarter. JPMorgan Chase & Co. now owns 1,813 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 569 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Greene County Bancorp by 8,562.5% in the second quarter. BNP Paribas Arbitrage SA now owns 693 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 685 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Greene County Bancorp by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 15,109 shares of the real estate investment trust’s stock valued at $675,000 after acquiring an additional 775 shares during the period.

About Greene County Bancorp

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Greene County Bancorp, Inc operates as a holding company for The Bank of Greene County that provides various financial services in the United States. Its deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts, and individual retirement accounts.

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