Greene County Bancorp (NASDAQ:GCBC) Announces Earnings Results

Greene County Bancorp (NASDAQ:GCBC) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.44 earnings per share for the quarter, RTT News reports. Greene County Bancorp had a return on equity of 12.03% and a net margin of 20.28%.

Greene County Bancorp Trading Down 1.0 %

Shares of Greene County Bancorp stock traded down $0.27 during trading on Wednesday, reaching $26.70. 3,127 shares of the company were exchanged, compared to its average volume of 27,856. Greene County Bancorp has a twelve month low of $24.10 and a twelve month high of $37.25. The business has a 50-day moving average price of $29.44 and a 200-day moving average price of $30.70. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $454.70 million, a price-to-earnings ratio of 18.38 and a beta of 0.46.

Greene County Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.35%. Greene County Bancorp’s dividend payout ratio is 24.83%.

Insiders Place Their Bets

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

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.