NasdaqCM:ESBK

Stock Analysis Report

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Executive Summary

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


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 +/- 6% a week.

Volatility Over Time: ESBK's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

2.9%

ESBK

0.7%

US Mortgage

-2.7%

US Market


1 Year Return

-24.3%

ESBK

-9.1%

US Mortgage

21.2%

US Market

Return vs Industry: ESBK underperformed the US Mortgage industry which returned -8% over the past year.

Return vs Market: ESBK underperformed the US Market which returned 24.3% over the past year.


Shareholder returns

ESBKIndustryMarket
7 Day2.9%0.7%-2.7%
30 Day7.9%4.0%1.8%
90 Day16.9%16.7%16.4%
1 Year-20.1%-24.3%-6.6%-9.1%23.9%21.2%
3 Year-26.3%-37.0%12.2%3.3%43.7%34.2%
5 Year-10.0%-29.8%74.2%49.7%124.3%99.2%

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

Valuation

Is Elmira Savings Bank undervalued compared to its fair value and its price relative to the market?

11.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ESBK ($12.3) is trading above our estimate of fair value ($11.23)

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 (11.3x) compared to the US Mortgage industry average (13.1x).

PE vs Market: ESBK is good value based on its PE Ratio (11.3x) compared to the US market (21.2x).


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's PB Ratio (0.9x) 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?

-14.7%

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

Past Performance

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

3.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ESBK has high quality earnings.

Growing Profit Margin: ESBK's current net profit margins (17.7%) are higher than last year (17.1%).


Past Earnings Growth Analysis

Earnings Trend: ESBK's earnings have grown by 3.2% per year over the past 5 years.

Accelerating Growth: ESBK's earnings growth over the past year (9.6%) exceeds its 5-year average (3.2% per year).

Earnings vs Industry: ESBK earnings growth over the past year (9.6%) exceeded the Mortgage industry 3.2%.


Return on Equity

High ROE: ESBK's Return on Equity (6.4%) 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 (11.2x) is moderate.

Allowance for Bad Loans: ESBK has a sufficient allowance for bad loans (109%).

Low Risk Liabilities: 90% 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 (75%).

Low Risk Deposits: ESBK's Loans to Deposits ratio (92%) 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?

4.88%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ESBK's dividend (4.88%) is higher than the bottom 25% of dividend payers in the US market (1.39%).

High Dividend: ESBK's dividend (4.88%) is in the top 25% of dividend payers in the US market (3.87%)


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 (69.8%), 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?

4.3yrs

Average management tenure


CEO

Tom Carr (50 yo)

6.5yrs

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 ($USD547.49K) is about average for companies of similar size in the US market ($USD528.98K).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Carr
President6.5yrsUS$547.49k5.04%
$ 2.2m
John Alexander
Vice Chairman & Corporate Secretary6.5yrsUS$40.41k2.51%
$ 1.1m
Jason Sanford
Senior VP & CFO11.75yrsUS$202.00k0.41%
$ 173.8k
Margaret Phillips
Vice President of Operationsno datano datano data
Meredith Schutt
Vice President of Compliance/BSA0.42yrno datano data
Bradley Serva
Senior Vice President of Human Resources4.5yrsno datano data
Donna Tangorre
Senior VP & Retail Banking Manager7.5yrsno data0.20%
$ 84.0k
Gary Short
Senior Vice President of Lendingno datano datano data
Robert Hazelton
Senior Vice President of Lending1yrno datano data
Christopher Giammichele
Senior VP & Commercial Loan Manager4yrsno datano data
John Stempin
VP of Finance & Controllerno datano datano data
Anne Lavancher
Assistant Secretary4yrsno datano data

4.3yrs

Average Tenure

50yo

Average Age

Experienced Management: ESBK's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Carr
President6.5yrsUS$547.49k5.04%
$ 2.2m
John Alexander
Vice Chairman & Corporate Secretary6.5yrsUS$40.41k2.51%
$ 1.1m
Michael Hosey
Independent Chairman of the Board6.5yrsUS$59.18k4.74%
$ 2.0m
A. Welliver
Independent Director26yrsUS$41.31k1.95%
$ 836.5k
Kristin Swain
Independent Director26yrsUS$43.34k0.36%
$ 152.7k
Katherine Roehlke
Independent Director9yrsUS$41.66k2.09%
$ 894.1k
Marianne Young
Independent Director9yrsUS$42.23k0.51%
$ 217.7k
Donald Quick
Independent Director9.25yrsUS$46.74k0.88%
$ 376.1k
Arie van den Blink
Independent Director9yrsUS$46.36k0.16%
$ 69.0k
Jodi Edger
Independent Director1.42yrsUS$9.40k0.043%
$ 18.6k
Thomas Gough
Independent Director1.42yrsUS$9.40k0.12%
$ 50.2k

9.0yrs

Average Tenure

62yo

Average Age

Experienced Board: ESBK's board of directors are considered experienced (9 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$42.874m
  • 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

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 Analysis2021/01/27 23:20
End of Day Share Price2021/01/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.