Greene County Bancorp (NASDAQ:GCBC) Stock Price Down 5.8%

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

Greene County Bancorp Stock Down 6.1 %

The stock has a market capitalization of $523.24 million, a PE ratio of 21.34 and a beta of 0.41. The company has a current ratio of 0.65, a quick ratio of 0.66 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average is $32.52 and its 200 day moving average is $30.65.

Greene County Bancorp (NASDAQ:GCBC) last announced its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.40 earnings per share for the quarter. Greene County Bancorp had a return on equity of 12.63% and a net margin of 21.07%. The business 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. Investors of record on Thursday, August 15th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.17%. This is a positive change from Greene County Bancorp’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, August 15th. Greene County Bancorp’s dividend payout ratio (DPR) is 25.00%.

Institutional Investors Weigh In On Greene County Bancorp

Several hedge funds have recently modified their holdings of GCBC. Vanguard Group Inc. raised 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 acquiring an additional 2,407 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Greene County Bancorp by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 64,791 shares of the real estate investment trust’s stock worth $2,182,000 after purchasing an additional 7,814 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Greene County Bancorp by 1.3% in the 2nd 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 buying an additional 300 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Greene County Bancorp in the 1st quarter valued at about $272,000. Finally, Renaissance Technologies LLC acquired a new stake in Greene County Bancorp in the 2nd quarter worth about $260,000. 13.39% of the stock is owned by hedge funds and other institutional investors.

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.