Elmira Savings Bank
Market Cap
US$50.6m
Last Updated
2021/03/08 00:06 UTC
Data Sources
Company Financials
Executive Summary
Elmira Savings Bank provides banking products and services to individual and commercial customers. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record and pays a dividend.
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
Stable Share Price: ESBK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: ESBK's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-2.8%
ESBK
6.5%
US Mortgage
-0.4%
US Market
1 Year Return
-8.0%
ESBK
17.0%
US Mortgage
36.2%
US Market
Return vs Industry: ESBK underperformed the US Mortgage industry which returned 17% over the past year.
Return vs Market: ESBK underperformed the US Market which returned 36.2% over the past year.
Shareholder returns
| ESBK | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.8% | 6.5% | -0.4% |
| 30 Day | 17.2% | 8.3% | -2.9% |
| 90 Day | 22.9% | 19.2% | 5.0% |
| 1 Year | -3.4%-8.0% | 20.9%17.0% | 39.1%36.2% |
| 3 Year | -14.5%-26.9% | 16.6%7.3% | 48.4%39.0% |
| 5 Year | 5.8%-17.2% | 75.0%50.1% | 116.5%92.4% |
Long-Term 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
1 week ago | Simply Wall St
Read This Before Considering Elmira Savings Bank (NASDAQ:ESBK) For Its Upcoming US$0.15 Dividend3 months ago | Simply Wall St
Elmira Savings Bank (NASDAQ:ESBK) Goes Ex-Dividend Soon4 months ago | Simply Wall St
Is Elmira Savings Bank (NASDAQ:ESBK) A Good Fit For Your Dividend Portfolio?Valuation
Is Elmira Savings Bank undervalued compared to its fair value and its price relative to the market?
12.1x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ESBK ($14.35) is trading above our estimate of fair value ($11.4)
Significantly Below Fair Value: ESBK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ESBK is good value based on its PE Ratio (12.1x) compared to the US Mortgage industry average (14x).
PE vs Market: ESBK is good value based on its PE Ratio (12.1x) compared to the US market (21.5x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ESBK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ESBK's PB Ratio (1x) is in line with the US Mortgage industry average.
Next Steps
Future Growth
How is Elmira Savings Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
1.2%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Elmira Savings Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Check out Elmira Savings Bank's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Explore growth companies in the Banks industry.
Past Performance
How has Elmira Savings Bank performed over the past 5 years?
3.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ESBK has high quality earnings.
Growing Profit Margin: ESBK's current net profit margins (18.6%) are higher than last year (17%).
Past Earnings Growth Analysis
Earnings Trend: ESBK's earnings have grown by 3.1% per year over the past 5 years.
Accelerating Growth: ESBK's earnings growth over the past year (19.3%) exceeds its 5-year average (3.1% per year).
Earnings vs Industry: ESBK earnings growth over the past year (19.3%) exceeded the Mortgage industry 7.2%.
Return on Equity
High ROE: ESBK's Return on Equity (6.9%) is considered low.
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
Financial Institutions Analysis
Asset Level: ESBK's Assets to Equity ratio (10.6x) is moderate.
Allowance for Bad Loans: ESBK has a sufficient allowance for bad loans (109%).
Low Risk Liabilities: 94% of ESBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: ESBK has an appropriate level of Loans to Assets ratio (74%).
Low Risk Deposits: ESBK's Loans to Deposits ratio (87%) is appropriate.
Level of Bad Loans: ESBK has an appropriate level of bad loans (0.8%).
Next Steps
Dividend
What is Elmira Savings Bank current dividend yield, its reliability and sustainability?
4.18%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ESBK's dividend (4.18%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: ESBK's dividend (4.18%) is in the top 25% of dividend payers in the US market (3.64%)
Stability and Growth of Payments
Stable Dividend: ESBK's dividends per share have been stable in the past 10 years.
Growing Dividend: ESBK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.4%), ESBK's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.4yrs
Average management tenure
CEO
Tom Carr (50 yo)
6.67yrs
Tenure
US$547,493
Compensation
Mr. Thomas M. Carr, also known as Tom has served as Chief Executive Officer of Elmira Savings Bank (the “Bank”) since July 2014 and as President of the Bank since April 2013. Mr. Carr had served as the Ban...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD547.49K) is about average for companies of similar size in the US market ($USD511.82K).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.67yrs | US$547.49k | 5.52% $ 2.8m | |
| Vice Chairman & Corporate Secretary | 6.67yrs | US$40.41k | 2.53% $ 1.3m | |
| Senior VP & CFO | 11.92yrs | US$202.00k | 0.52% $ 261.9k | |
| Vice President of Operations | no data | no data | no data | |
| Vice President of Compliance/BSA | 0.58yr | no data | no data | |
| Senior Vice President of Human Resources | 4.67yrs | no data | no data | |
| Senior VP & Retail Banking Manager | 7.67yrs | no data | 0.24% $ 119.2k | |
| Senior Vice President of Lending | no data | no data | no data | |
| Senior Vice President of Lending | 1.17yrs | no data | no data | |
| Senior VP & Commercial Loan Manager | 4.17yrs | no data | 0.030% $ 15.1k | |
| VP of Finance & Controller | no data | no data | no data | |
| Assistant Secretary | 4.17yrs | no data | no data |
4.4yrs
Average Tenure
50yo
Average Age
Experienced Management: ESBK's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.67yrs | US$547.49k | 5.52% $ 2.8m | |
| Vice Chairman & Corporate Secretary | 6.67yrs | US$40.41k | 2.53% $ 1.3m | |
| Independent Chairman of the Board | 6.67yrs | US$59.18k | 4.74% $ 2.4m | |
| Independent Director | 26.17yrs | US$41.31k | 2% $ 1.0m | |
| Independent Director | 26.17yrs | US$43.34k | 0.36% $ 182.9k | |
| Independent Director | 9.17yrs | US$41.66k | 2.09% $ 1.1m | |
| Independent Director | 9.17yrs | US$42.23k | 0.51% $ 256.6k | |
| Independent Director | 9.42yrs | US$46.74k | 0.89% $ 449.2k | |
| Independent Director | 9.17yrs | US$46.36k | 0.16% $ 81.4k | |
| Independent Director | 1.58yrs | US$9.40k | 0.043% $ 21.9k | |
| Independent Director | 1.58yrs | US$9.40k | 0.12% $ 59.2k |
9.2yrs
Average Tenure
62yo
Average Age
Experienced Board: ESBK's board of directors are considered experienced (9.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ESBK insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$50.553m
- Shares outstanding: 3.52m
- Website: https://www.elmirasavingsbank.com
Number of Employees
Location
- Elmira Savings Bank
- 333 East Water Street
- Elmira
- New York
- 14901
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ESBK | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | May 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 00:06 |
| End of Day Share Price | 2021/03/05 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.