Elmira Savings Bank
Market Cap
US$55.9m
Last Updated
2020/02/23 00:24 UTC
Data Sources
Company Financials
Executive Summary
Elmira Savings Bank provides banking products and services to individual and commercial customers.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet average dividend payer.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.7%
ESBK
-1.0%
US Mortgage
-1.1%
US Market
1 Year Return
-12.8%
ESBK
4.9%
US Mortgage
17.9%
US Market
Return vs Industry: ESBK underperformed the US Mortgage industry which returned 4.9% over the past year.
Return vs Market: ESBK underperformed the US Market which returned 17.9% over the past year.
Shareholder returns
| ESBK | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | -1.0% | -1.1% |
| 30 Day | 0.3% | -1.2% | 1.4% |
| 90 Day | 7.7% | -3.0% | 6.9% |
| 1 Year | -7.6%-12.8% | 7.4%4.9% | 20.3%17.9% |
| 3 Year | -9.2%-21.7% | 18.7%10.2% | 47.8%38.3% |
| 5 Year | 3.5%-18.6% | 58.4%40.9% | 71.9%53.0% |
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
2 weeks ago | Simply Wall St
Here's What Elmira Savings Bank's (NASDAQ:ESBK) P/E Is Telling Us1 month ago | Simply Wall St
Do Institutions Own Elmira Savings Bank (NASDAQ:ESBK) Shares?2 months ago | Simply Wall St
Elmira Savings Bank (NASDAQ:ESBK) Insiders Increased Their HoldingsValuation
Is Elmira Savings Bank undervalued compared to its fair value and its price relative to the market?
16.08x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ESBK ($16.04) is trading above our estimate of fair value ($14.19)
Significantly Below Fair Value: ESBK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ESBK is poor value based on its PE Ratio (16.1x) compared to the Mortgage industry average (13.6x).
PE vs Market: ESBK is good value based on its PE Ratio (16.1x) compared to the US market (18.2x).
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 is overvalued based on its PB Ratio (1.2x) compared to the US Mortgage industry average (1.1x).
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?
6.4%
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
- Examine Elmira Savings Bank's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Banks industry.
Past Performance
How has Elmira Savings Bank performed over the past 5 years?
7.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ESBK has high quality earnings.
Growing Profit Margin: ESBK's current net profit margins (17%) are lower than last year (20.5%).
Past Earnings Growth Analysis
Earnings Trend: ESBK's earnings have grown by 7.2% per year over the past 5 years.
Accelerating Growth: ESBK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ESBK had negative earnings growth (-17.8%) over the past year, making it difficult to compare to the Mortgage industry average (11.1%).
Return on Equity
High ROE: ESBK's Return on Equity (6%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: ESBK has a low level of unsold assets or inventory.
Debt Coverage by Assets: ESBK's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: ESBK's level of assets compared to its equity is moderate.
Allowance for Bad Loans: ESBK has a low allowance for bad loans.
Low Risk Liabilities: ESBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: ESBK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ESBK's loans are broadly funded by customer deposits.
Level of Bad Loans: ESBK has an appropriate level of bad loans (0.93%)
Next Steps
Dividend
What is Elmira Savings Bank's current dividend yield, its reliability and sustainability?
5.73%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Elmira Savings Bank before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ESBK's dividend (5.74%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: ESBK's dividend (5.74%) is in the top 25% of dividend payers in the US market (3.73%)
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 high payout ratio (92.2%), ESBK's dividend payments are not well 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?
4.6yrs
Average management tenure
CEO
Tom Carr (49yo)
5.6yrs
Tenure
US$552,419
Compensation
Mr. Thomas M. Carr, also known as Tom has served as Chief Executive Officer of Elmira Savings Bank (the “Bank”) since July 2014 and as President of the Bank since April 2013. Mr. Carr had served as the Ban ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD552.42K) is about average for companies of similar size in the US market ($USD522.48K).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.6yrs | US$552.42k | 4.89% $2.7m | |
| Vice Chairman & Corporate Secretary | 5.6yrs | US$43.08k | 2.53% $1.4m | |
| Senior VP of Finance & CFO | 10.8yrs | US$220.26k | 0.41% $229.1k | |
| Executive VP of Lending & Senior Loan Officer | 0yrs | US$254.05k | 0.97% $541.9k | |
| Vice President of Operations | 0yrs | no data | no data | |
| Vice President of Compliance | 2.1yrs | no data | no data | |
| Senior Vice President of Human Resources | 3.6yrs | no data | no data | |
| Senior VP & Branch Administrator of Retail Services | 6.6yrs | no data | 0.24% $132.9k | |
| Senior Vice President of Lending | 0yrs | no data | 0.98% $546.1k | |
| Senior Vice President of Lending | 3.1yrs | no data | no data |
4.6yrs
Average Tenure
56.5yo
Average Age
Experienced Management: ESBK's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.6yrs | US$552.42k | 4.89% $2.7m | |
| Vice Chairman & Corporate Secretary | 5.6yrs | US$43.08k | 2.53% $1.4m | |
| Chairman of the Board | 5.6yrs | US$60.50k | 4.78% $2.7m | |
| Independent Director | 25.1yrs | US$42.30k | 1.84% $1.0m | |
| Independent Director | 25.1yrs | US$46.30k | 0.37% $208.9k | |
| Independent Director | 8.1yrs | US$44.25k | 2.24% $1.3m | |
| Independent Director | 8.1yrs | US$42.33k | 0.50% $278.5k | |
| Independent Director | 8.3yrs | US$50.83k | 0.81% $453.7k | |
| Independent Director | 8.1yrs | US$44.50k | 0.15% $82.5k | |
| Director | 0.5yrs | no data | no data |
8.1yrs
Average Tenure
61yo
Average Age
Experienced Board: ESBK's board of directors are considered experienced (8.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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$55.864m
- 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
| 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, certificates of deposit, individual retirement arrangements, and NOW accounts. The company also provides consumer loans comprising auto, truck, and motorcycle loans; personal loans; boats, recreational vehicles, and other outdoor sports equipment loans; home improvement/equity loans; jacuzzi/hot tub/pool loans; and lines of credit. In addition, it offers commercial real estate mortgages, such as permanent and construction mortgages, and development loans; commercial loans, including term and time loans, lines of credit, and small business administration loans; and mortgage loans secured by first and second liens on one-to-four family residences. Further, the company provides debit cards, safe deposit boxes, and financial services products; and financial planning advisory, online and mobile banking, overdraft protection, notary public, funds transfer, merchant, and cash management services. Additionally, it operates a real estate investment trust. The company operates through a network of 13 full-service offices located in Chemung, Tompkins, Cayuga, Schuyler, and Steuben Counties; and 1 limited service office located in Broome County, New York. Elmira Savings Bank was founded in 1869 and is based in Elmira, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 00:24 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.