NasdaqCM:ESBK

Stock Analysis Report

Executive Summary

Elmira Savings Bank provides banking products and services to individual and commercial customers.

Snowflake

Fundamentals

Excellent balance sheet established dividend payer.

Risks

  • Elmira Savings Bank is not covered by any analysts.

Similar Companies

Share Price & News

How has Elmira Savings Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.06%

NasdaqCM:ESBK

-1.6%

US Mortgage

-1.9%

US Market


1 Year Return

-29.4%

NasdaqCM:ESBK

-2.6%

US Mortgage

-3.3%

US Market

ESBK underperformed the Mortgage industry which returned -2.8% over the past year.

ESBK underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

ESBKIndustryMarket
7 Day0.06%-1.6%-1.9%
30 Day-4.2%-2.8%-6.2%
90 Day-12.2%-1.3%0.3%
1 Year-25.8%-29.4%-0.6%-2.6%-1.1%-3.3%
3 Year-9.7%-21.4%29.6%21.0%37.9%28.9%
5 Year-14.6%-32.2%55.3%39.0%50.8%34.1%

Price Volatility Vs. Market

How volatile is Elmira Savings Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Elmira Savings Bank undervalued based on future cash flows and its price relative to the stock market?

14.06x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Elmira Savings Bank's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Elmira Savings Bank's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Elmira Savings Bank is overvalued based on earnings compared to the US Mortgage industry average.

Elmira Savings Bank is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Elmira Savings Bank, we can't assess if its growth is good value.


Price Based on Value of Assets

Elmira Savings Bank is good value based on assets compared to the US Mortgage industry average.


Next Steps

Future Growth

How is Elmira Savings Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Elmira Savings Bank is high growth as no revenue estimate data is available.

Elmira Savings Bank's earnings are expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).

Unable to compare Elmira Savings Bank's revenue growth to the United States of America market average as no estimate data is available.

Elmira Savings Bank's earnings growth is positive but not above the United States of America market average.

Elmira Savings Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Elmira Savings Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Elmira Savings Bank performed over the past 5 years?

8.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Elmira Savings Bank's year on year earnings growth rate has been positive over the past 5 years.

Elmira Savings Bank's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Elmira Savings Bank's 1-year earnings growth is negative, it can't be compared to the US Mortgage industry average.


Return on Equity

Elmira Savings Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Elmira Savings Bank used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Elmira Savings Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Elmira Savings Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Elmira Savings Bank has an acceptable proportion of non-loan assets held.

Elmira Savings Bank has a low allowance for bad loans.

Elmira Savings Bank's liabilities are made up of primarily low risk sources of funding.

Elmira Savings Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Elmira Savings Bank are broadly funded by customer deposits.

Elmira Savings Bank has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Elmira Savings Bank's current dividend yield, its reliability and sustainability?

6.36%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Elmira Savings Bank before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Elmira Savings Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Elmira Savings Bank's dividend is above the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.1x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Elmira Savings Bank's salary, the management and board of directors tenure and is there insider trading?

4.1yrs

Average management tenure


CEO

Tom Carr (49yo)

5.1yrs

Tenure

US$552,419

Compensation

Mr. Thomas M. Carr, also known as Tom has served as Chief Executive Officer of Elmira Savings Bank (the “Bank”) since July 2014 and as President of the Bank since April 2013. Mr. Carr had served as the Ban ...


CEO Compensation Analysis

Tom's remuneration is about average for companies of similar size in United States of America.

Tom's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.1yrs

Average Tenure

56.5yo

Average Age

The tenure for the Elmira Savings Bank management team is about average.


Board Age and Tenure

7.6yrs

Average Tenure

61yo

Average Age

The tenure for the Elmira Savings Bank board of directors is about average.


Insider Trading

More shares have been bought than sold by Elmira Savings Bank individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$50,26022 Aug 19
Kevin Berkley
EntityIndividual
Role
Other Key Executive
Executive VP of Lending & Senior Loan Officer
Shares3,500
Max PriceUS$14.36
BuyUS$29,19016 Aug 19
Michael Hosey
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares2,000
Max PriceUS$14.74
BuyUS$4,57115 Aug 19
Donald Quick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares280
Max PriceUS$16.32
BuyUS$7,36906 Aug 19
Donald Quick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$14.75
BuyUS$7,31031 Jul 19
Donald Quick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$14.62
BuyUS$14,91030 Jul 19
John Alexander
EntityIndividual
Role
Vice Chairman
Vice Chairman & Corporate Secretary
Shares1,000
Max PriceUS$14.91
BuyUS$15,18025 Jul 19
Donald Quick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$15.18
BuyUS$9,42619 Jul 19
Arie van den Blink
EntityIndividual
Role
Member of the Board of Directors
Director
Shares600
Max PriceUS$15.71
BuyUS$75,00319 Jul 19
Thomas Carr
EntityIndividual
Role
Chief Executive Officer
President
Shares4,842
Max PriceUS$15.49
BuyUS$4,43510 Jun 19
Donald Quick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares270
Max PriceUS$16.44
BuyUS$16,49010 May 19
John Alexander
EntityIndividual
Role
Vice Chairman
Vice Chairman & Corporate Secretary
Shares1,000
Max PriceUS$16.49
BuyUS$8,17529 Apr 19
Donald Quick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$16.35
BuyUS$39,85126 Apr 19
Thomas Carr
EntityIndividual
Role
Chief Executive Officer
President
Shares2,405
Max PriceUS$16.57
BuyUS$16,50026 Apr 19
Michael Hosey
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares1,000
Max PriceUS$16.50
SellUS$3,75009 Apr 19
Kevin Berkley
EntityIndividual
Role
Other Key Executive
Executive VP of Lending & Senior Loan Officer
Shares200
Max PriceUS$18.75
SellUS$50,69427 Feb 19
Kevin Berkley
EntityIndividual
Role
Other Key Executive
Executive VP of Lending & Senior Loan Officer
Shares2,700
Max PriceUS$18.78
SellUS$1,87525 Feb 19
Kevin Berkley
EntityIndividual
Role
Other Key Executive
Executive VP of Lending & Senior Loan Officer
Shares100
Max PriceUS$18.75
BuyUS$5,25028 Jan 19
Donald Quick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares300
Max PriceUS$17.50
BuyUS$25,68826 Jan 19
Thomas Carr
EntityIndividual
Role
Chief Executive Officer
President
Shares1,450
Max PriceUS$17.72
BuyUS$5,08902 Nov 18
Donald Quick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares253
Max PriceUS$20.14
BuyUS$3,56129 Oct 18
Donald Quick
EntityIndividual
Role
Member of the Board of Directors
Director
Shares175
Max PriceUS$20.35

Ownership Breakdown


Management Team

  • John Alexander (73yo)

    Vice Chairman & Corporate Secretary

    • Tenure: 5.1yrs
    • Compensation: US$43.08k
  • Donna Tangorre

    Senior VP & Branch Administrator of Retail Services

    • Tenure: 6.1yrs
  • Bradley Serva

    Senior Vice President of Human Resources

    • Tenure: 3.1yrs
  • Gary Short

    Senior Vice President of Lending

    • Tenure: 0.0yrs
  • Margaret Phillips

    Vice President of Operations

    • Tenure: 0.0yrs
  • Tom Carr (49yo)

    President

    • Tenure: 5.1yrs
    • Compensation: US$552.42k
  • Jason Sanford (45yo)

    Senior VP of Finance & CFO

    • Tenure: 10.3yrs
    • Compensation: US$220.26k
  • Kevin Berkley (64yo)

    Executive VP of Lending & Senior Loan Officer

    • Tenure: 0.0yrs
    • Compensation: US$254.05k
  • Christopher Giammichele

    Senior Vice President of Lending

    • Tenure: 2.6yrs
  • Meredith Tigue

    Vice President of Compliance

    • Tenure: 1.6yrs

Board Members

  • Mike Hosey (61yo)

    Chairman of the Board

    • Tenure: 5.1yrs
    • Compensation: US$60.50k
  • A. Welliver (69yo)

    Director

    • Tenure: 24.6yrs
    • Compensation: US$42.30k
  • John Alexander (73yo)

    Vice Chairman & Corporate Secretary

    • Tenure: 5.1yrs
    • Compensation: US$43.08k
  • Kristin Swain (66yo)

    Director

    • Tenure: 24.6yrs
    • Compensation: US$46.30k
  • Tom Carr (49yo)

    President

    • Tenure: 5.1yrs
    • Compensation: US$552.42k
  • Katherine Roehlke (59yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$44.25k
  • Marianne Young (56yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$42.33k
  • Don Quick (72yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: US$50.83k
  • Jan van den Blink (61yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$44.50k
  • Jodi J. Edger

    Director

    • Tenure: 0.0yrs

Company Information

Elmira Savings Bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Elmira Savings Bank
  • Ticker: ESBK
  • Exchange: NasdaqCM
  • Founded: 1869
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$50.386m
  • Shares outstanding: 3.48m
  • Website: https://www.elmirasavingsbank.com

Number of Employees


Location

  • Elmira Savings Bank
  • 333 East Water Street
  • Elmira
  • New York
  • 14901
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ESBKNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMay 1986

Biography

Elmira Savings Bank provides banking products and services to individual and commercial customers. It accepts savings and money market accounts, time deposits, retail and commercial checking accounts, cert ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/25 23:36
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.