Greene County Bancorp, Inc. (NASDAQ:GCBC – Get Rating) declared a quarterly dividend on Wednesday, July 20th, Zacks reports. Stockholders of record on Monday, August 15th will be paid a dividend of 0.14 per share by the real estate investment trust on Wednesday, August 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, August 12th. This is a positive change from Greene County Bancorp's previous quarterly dividend of $0.13.
Greene County Bancorp Stock Up 3.0 %
NASDAQ:GCBC opened at $50.08 on Wednesday. The firm's fifty day simple moving average is $48.04 and its 200 day simple moving average is $46.83. The stock has a market cap of $426.18 million, a P/E ratio of 15.22 and a beta of 0.32. Greene County Bancorp has a twelve month low of $29.15 and a twelve month high of $56.00.
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Insiders Place Their Bets
In other Greene County Bancorp news, Director Jay P. Cahalan purchased 1,075 shares of the firm's stock in a transaction on Tuesday, June 14th. The stock was purchased at an average cost of $45.00 per share, for a total transaction of $48,375.00. Following the transaction, the director now owns 12,970 shares in the company, valued at approximately $583,650. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.40% of the company's stock.
Institutional Trading of Greene County Bancorp
Hedge funds have recently added to or reduced their stakes in the company. Morgan Dempsey Capital Management LLC acquired a new position in shares of Greene County Bancorp during the first quarter valued at $1,297,000. Vanguard Group Inc. boosted its position in Greene County Bancorp by 19.0% during the first quarter. Vanguard Group Inc. now owns 144,536 shares of the real estate investment trust's stock valued at $6,460,000 after buying an additional 23,121 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Greene County Bancorp in the 1st quarter worth $366,000. Citigroup Inc. acquired a new stake in shares of Greene County Bancorp in the first quarter valued at about $291,000. Finally, Dimensional Fund Advisors LP grew its position in Greene County Bancorp by 43.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 19,616 shares of the real estate investment trust's stock valued at $879,000 after buying an additional 5,930 shares during the last quarter. 6.98% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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