Greene County Bancorp
Greene County Bancorp, Inc. operates as a holding company for The Bank of Greene County that provides various financial services. The last earnings update was 70 days ago. More info.
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GCBC Share Price and Events
7 Day Returns
1 Year Returns
GCBC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Greene County Bancorp (GCBC) | -3.9% | -5.2% | -6.6% | -17.8% | 65.9% | 112.5% |
| US Mortgage | -1.1% | 0.8% | 0.9% | 0.6% | 32.3% | 42.9% |
| US Market | -0.3% | 2.9% | 2.1% | 3.4% | 36.2% | 41.3% |
1 Year Return vs Industry and Market
- GCBC underperformed the Mortgage industry which returned 0.6% over the past year.
- GCBC underperformed the Market in United States of America which returned 3.4% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Greene County Bancorp
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Greene County Bancorp.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $10.21 * 14% |
$1.43 |
| Book Value of Equity per Share | Median Book Value from the past 5 years. | $10.21 |
| Discount Rate (Cost of Equity) | See below | 8.3% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Mortgage Unlevered Beta | Simply Wall St/ S&P Global | 0.86 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.858 (1 + (1- 21%) (5.29%)) |
0.929 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.93 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.929 * 5.96%) |
8.27% |
Discounted Cash Flow Calculation for NasdaqCM:GCBC using Excess Returns Model Model
The calculations below outline how an intrinsic value for Greene County Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (14% – 8.27%) * $10.21) |
$0.58 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $0.58 / (8.27% - 2.73%) |
$10.56 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $10.21 + $10.56 |
$20.78 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $20.78 |
| Current discount | Discount to share price of
$28.00
= -1 x ($28.00 - $20.78) / $20.78 |
-34.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Greene County Bancorp is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Greene County Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Greene County Bancorp's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $1.98 |
| NasdaqCM:GCBC Share Price ** | NasdaqCM (2019-07-18) in USD | $28 |
| United States of America Mortgage Industry PE Ratio | Median Figure of 129 Publicly-Listed Mortgage Companies | 14.33x |
| United States of America Market PE Ratio | Median Figure of 3,083 Publicly-Listed Companies | 17.88x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Greene County Bancorp.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqCM:GCBC Share Price ÷ EPS (both in USD) = 28 ÷ 1.98 |
14.11x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greene County Bancorp is good value based on earnings compared to the US Mortgage industry average.
- Greene County Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Greene County Bancorp's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.11x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
-6.8%per year |
| United States of America Mortgage Industry PEG Ratio | Median Figure of 50 Publicly-Listed Mortgage Companies | 1.23x |
| United States of America Market PEG Ratio | Median Figure of 2,124 Publicly-Listed Companies | 1.57x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Greene County Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Greene County Bancorp's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $12.68 |
| NasdaqCM:GCBC Share Price * | NasdaqCM (2019-07-18) in USD | $28 |
| United States of America Mortgage Industry PB Ratio | Median Figure of 145 Publicly-Listed Mortgage Companies | 1.13x |
| United States of America Market PB Ratio | Median Figure of 5,245 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqCM:GCBC Share Price ÷ Book Value per Share (both in USD) = 28 ÷ 12.68 |
2.21x |
* Primary Listing of Greene County Bancorp.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Greene County Bancorp is overvalued based on assets compared to the US Mortgage industry average.
Value checks
We assess Greene County Bancorp's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check) Greene County Bancorp has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
- No analysts cover Greene County Bancorp, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Greene County Bancorp's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Greene County Bancorp's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Unable to compare Greene County Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqCM:GCBC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | -6.8% |
| United States of America Mortgage Industry Earnings Growth Rate | Market Cap Weighted Average | 10.7% |
| United States of America Mortgage Industry Revenue Growth Rate | Market Cap Weighted Average | 4.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 46 | 22 | 17 |
| 2018-12-31 | 44 | 21 | 16 |
| 2018-09-30 | 43 | 17 | 15 |
| 2018-06-30 | 41 | 21 | 14 |
| 2018-03-31 | 39 | 18 | 14 |
| 2017-12-31 | 38 | 16 | 13 |
| 2017-09-30 | 36 | 18 | 12 |
| 2017-06-30 | 35 | 14 | 11 |
| 2017-03-31 | 34 | 15 | 11 |
| 2016-12-31 | 32 | 14 | 10 |
| 2016-09-30 | 31 | 14 | 9 |
| 2016-06-30 | 31 | 14 | 9 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Greene County Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.98 |
| 2018-12-31 | 1.91 |
| 2018-09-30 | 1.80 |
| 2018-06-30 | 1.69 |
| 2018-03-31 | 1.60 |
| 2017-12-31 | 1.51 |
| 2017-09-30 | 1.43 |
| 2017-06-30 | 1.32 |
| 2017-03-31 | 1.26 |
| 2016-12-31 | 1.17 |
| 2016-09-30 | 1.10 |
| 2016-06-30 | 1.06 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Greene County Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Greene County Bancorp's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Greene County Bancorp has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Greene County Bancorp performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Greene County Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
- Greene County Bancorp's 1-year earnings growth exceeds its 5-year average (24.1% vs 21.2%)
- Greene County Bancorp's earnings growth has not exceeded the US Mortgage industry average in the past year (24.1% vs 39%).
Earnings and Revenue History
All data from Greene County Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 45.76 | 16.94 | 22.11 | |
| 2018-12-31 | 44.44 | 16.26 | 21.40 | |
| 2018-09-30 | 42.66 | 15.32 | 20.71 | |
| 2018-06-30 | 40.87 | 14.41 | 19.71 | |
| 2018-03-31 | 39.11 | 13.65 | 18.73 | |
| 2017-12-31 | 37.60 | 12.87 | 18.15 | |
| 2017-09-30 | 36.37 | 12.15 | 17.73 | |
| 2017-06-30 | 34.90 | 11.19 | 17.55 | |
| 2017-03-31 | 33.56 | 10.66 | 17.04 | |
| 2016-12-31 | 32.31 | 9.93 | 16.75 | |
| 2016-09-30 | 31.25 | 9.32 | 16.48 | |
| 2016-06-30 | 30.51 | 8.96 | 16.21 | |
| 2016-03-31 | 29.77 | 8.45 | 16.00 | |
| 2015-12-31 | 28.88 | 8.07 | 15.66 | |
| 2015-09-30 | 28.16 | 7.56 | 15.56 | |
| 2015-06-30 | 27.54 | 7.19 | 15.49 | |
| 2015-03-31 | 26.84 | 6.92 | 15.13 | |
| 2014-12-31 | 26.44 | 6.64 | 14.98 | |
| 2014-09-30 | 25.63 | 6.55 | 14.39 | |
| 2014-06-30 | 25.18 | 6.53 | 13.99 | |
| 2014-03-31 | 24.80 | 6.38 | 13.89 | |
| 2013-12-31 | 24.60 | 6.42 | 13.56 | |
| 2013-09-30 | 24.55 | 6.36 | 13.52 | |
| 2013-06-30 | 24.49 | 6.37 | 13.43 | |
| 2013-03-31 | 24.54 | 6.31 | 13.49 | |
| 2012-12-31 | 24.23 | 6.26 | 13.40 | |
| 2012-09-30 | 24.11 | 6.09 | 13.44 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Greene County Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Greene County Bancorp used its assets more efficiently than the US Mortgage industry average last year based on Return on Assets.
- Unable to establish if Greene County Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
Past performance checks
We assess Greene County Bancorp's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Greene County Bancorp has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
This company is a bank or financial institution.Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Balance sheet
Assets
Liabilities and shares
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Greene County Bancorp Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 108.27 | 12.65 | 91.30 |
| 2018-12-31 | 104.12 | 70.05 | 34.33 |
| 2018-09-30 | 99.64 | 75.95 | 37.52 |
| 2018-06-30 | 96.19 | 18.15 | 25.99 |
| 2018-03-31 | 92.67 | 18.15 | 76.99 |
| 2017-12-31 | 89.57 | 40.45 | 29.61 |
| 2017-09-30 | 86.86 | 20.85 | 48.56 |
| 2017-06-30 | 83.52 | 29.55 | 16.32 |
| 2017-03-31 | 80.95 | 23.15 | 37.73 |
| 2016-12-31 | 78.38 | 68.25 | 17.72 |
| 2016-09-30 | 76.41 | 34.60 | 22.13 |
| 2016-06-30 | 74.30 | 46.40 | 16.41 |
| 2016-03-31 | 72.99 | 20.30 | 41.35 |
| 2015-12-31 | 70.75 | 48.10 | 23.32 |
| 2015-09-30 | 68.78 | 27.00 | 13.35 |
| 2015-06-30 | 66.92 | 41.70 | 15.47 |
| 2015-03-31 | 65.85 | 17.30 | 26.05 |
| 2014-12-31 | 64.46 | 59.00 | 15.12 |
| 2014-09-30 | 62.80 | 19.30 | 19.99 |
| 2014-06-30 | 61.20 | 17.65 | 12.86 |
| 2014-03-31 | 59.80 | 14.50 | 55.85 |
| 2013-12-31 | 58.41 | 40.20 | 11.93 |
| 2013-09-30 | 57.01 | 8.50 | 15.08 |
| 2013-06-30 | 56.11 | 14.60 | 5.37 |
| 2013-03-31 | 55.84 | 4.00 | 38.68 |
| 2012-12-31 | 54.63 | 20.30 | 10.68 |
| 2012-09-30 | 53.87 | 7.00 | 22.92 |
BANK ANALYSIS
This company is a bank or financial institution, which is analysed accordingly below.
- Greene County Bancorp has an acceptable proportion of non-loan assets held.
- Greene County Bancorp's liabilities are made up of primarily low risk sources of funding.
- Loans at Greene County Bancorp are broadly funded by customer deposits.
- Greene County Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
- Greene County Bancorp has a sufficient allowance for bad loans.
- Greene County Bancorp has an acceptable level of bad loans (less than 2%).
Financial health checks
We assess Greene County Bancorp's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Greene County Bancorp has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Greene County Bancorp's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Greene County Bancorp
shares you are expected to receive
$31
in your first year as a dividend.
Dividend Amount
- Greene County Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
- Greene County Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Mortgage Industry Average Dividend Yield | Market Cap Weighted Average of 95 Stocks | 3.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-07-17 | 0.440 | 1.571 |
| 2019-04-17 | 0.400 | 1.349 |
| 2019-01-16 | 0.400 | 1.296 |
| 2018-10-17 | 0.400 | 1.252 |
| 2018-07-18 | 0.400 | 1.193 |
| 2018-04-18 | 0.390 | 1.215 |
| 2018-01-17 | 0.390 | 1.077 |
| 2017-10-18 | 0.390 | 1.233 |
| 2017-07-19 | 0.390 | 1.475 |
| 2017-04-19 | 0.380 | 1.517 |
| 2017-01-18 | 0.380 | 1.693 |
| 2016-10-27 | 0.380 | 1.823 |
| 2016-07-20 | 0.380 | 2.264 |
| 2016-04-20 | 0.370 | 2.157 |
| 2016-01-22 | 0.370 | 2.141 |
| 2015-10-21 | 0.370 | 2.450 |
| 2015-07-22 | 0.370 | 2.624 |
| 2015-04-23 | 0.360 | 2.578 |
| 2015-01-22 | 0.360 | 2.512 |
| 2014-10-23 | 0.360 | 2.526 |
| 2014-07-16 | 0.360 | 2.705 |
| 2014-04-17 | 0.350 | 2.676 |
| 2014-01-23 | 0.350 | 2.729 |
| 2013-10-16 | 0.350 | 2.696 |
| 2013-07-17 | 0.350 | 2.818 |
| 2013-04-18 | 0.350 | 3.402 |
| 2013-01-17 | 0.350 | 3.307 |
| 2012-10-19 | 0.350 | 3.330 |
| 2012-07-24 | 0.350 | 3.473 |
| 2012-04-20 | 0.350 | 3.767 |
| 2012-01-19 | 0.350 | 3.930 |
| 2011-10-20 | 0.350 | 3.993 |
| 2011-07-21 | 0.350 | 3.856 |
| 2011-04-19 | 0.350 | 3.935 |
| 2011-01-24 | 0.350 | 3.880 |
| 2010-10-20 | 0.350 | 3.801 |
| 2010-07-22 | 0.350 | 4.103 |
| 2010-04-21 | 0.350 | 4.312 |
| 2010-01-20 | 0.340 | 4.543 |
| 2009-10-22 | 0.340 | 4.581 |
| 2009-07-23 | 0.340 | 4.725 |
| 2009-04-23 | 0.340 | 4.838 |
| 2009-01-21 | 0.340 | 6.205 |
| 2008-10-22 | 0.340 | 6.064 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- 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
What portion of
Greene County Bancorp's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (5x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Greene County Bancorp's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Greene County Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Greene County Bancorp has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $1,100,200 |
| AGE | 54 |
| TENURE AS CEO | 12.1 years |
CEO Bio
Mr. Donald E. Gibson serves as the President and Chief Executive Officer at Greene County Commercial Bank. Mr. Gibson has been the Chief Executive Officer and President at The Bank of Greene County (Catskill, NY) and Greene County Bancorp, Inc. since July 1, 2007. He has been a Treasurer of Columbia Memorial Hospital since June 8, 2017. He joined the Bank of Greene County in 1987. He has served as the Senior Vice President of Commercial and Retail Banking at The Bank of Greene County since 2003. He served as Senior Vice President of Greene County Bancorp, Inc. and Bank of Greene County until July 1, 2007. He has been a Director of Greene County Bancorp, Inc. and The Bank of Greene County (Catskill, NY) since 2007. He serves as a Trustee at Columbia Memorial Hospital. He also serves on the Boards of Directors of several local organizations, including the Greene County Empire Zone Administrative Board. He served as the President of the Greene County Chamber of Commerce. He graduated from SUNY-Oneonta in 2003. Mr. Gibson earned his Master's Degree in Business Administration from the College of St. Rose.
CEO Compensation
- Don's compensation has been consistent with company performance over the past year, both up more than 20%.
- Don's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Greene County Bancorp management team in years:
- The average tenure for the Greene County Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Don Gibson
President
$1M
54
12.1 yrs
Michelle Plummer
Executive VP
$640K
53
20.2 yrs
Steve Nelson
Executive VP & Chief Lending Officer
$560K
52
11 yrs
Susan Timan
Corporate Secretary
Board of Directors Tenure
Average tenure and age of the Greene County Bancorp board of directors in years:
- The average tenure for the Greene County Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Martin Smith
Chairman of the Board
$99K
74
13.7 yrs
Don Gibson
President
$1M
54
11.8 yrs
Michelle Plummer
Executive VP
$640K
53
4.1 yrs
Paul Slutzky
Director
$85K
71
27.5 yrs
David Jenkins
Director
$82K
68
23.5 yrs
Peter Hogan
Director
$94K
62
5.7 yrs
Charles Schaefer
Director
$82K
67
15.8 yrs
Jay Cahalan
Director
$36K
60
4.1 yrs
Walter Ingalls
Director Emeritus
$13K
88
11.7 yrs
J. Whittaker
Director Emeritus
$14K
76
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Greene County Bancorp individual insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 05. Jun 19 | Buy | Peter Hogan | Individual | 04. Jun 19 | 04. Jun 19 | 2,000 | $29.35 | $58,620 | ||
| 30. May 19 | Buy | Donald Gibson | Individual | 29. May 19 | 29. May 19 | 200 | $30.00 | $6,000 | ||
| 14. May 19 | Buy | Paul Slutzky | Individual | 13. May 19 | 13. May 19 | 500 | $30.50 | $15,250 | ||
| 03. May 19 | Buy | Jay Cahalan | Individual | 02. May 19 | 02. May 19 | 415 | $30.81 | $12,786 | ||
| 22. Feb 19 | Buy | Donald Gibson | Individual | 21. Feb 19 | 21. Feb 19 | 187 | $32.00 | $5,984 | ||
| 22. Feb 19 | Buy | Donald Gibson | Individual | 21. Feb 19 | 21. Feb 19 | 3 | $31.51 | $95 | ||
| 29. Jan 19 | Buy | Donald Gibson | Individual | 28. Jan 19 | 28. Jan 19 | 3 | $30.51 | $92 | ||
| 29. Jan 19 | Buy | Donald Gibson | Individual | 28. Jan 19 | 28. Jan 19 | 700 | $30.99 | $21,678 | ||
| 28. Jan 19 | Buy | Jay Cahalan | Individual | 25. Jan 19 | 25. Jan 19 | 900 | $30.99 | $27,891 | ||
Management checks
We assess Greene County Bancorp's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Greene County Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
If You Had Bought Greene County Bancorp (NASDAQ:GCBC) Stock Five Years Ago, You Could Pocket A 121% Gain Today
Long term Greene County Bancorp, Inc. … Over half a decade, Greene County Bancorp managed to grow its earnings per share at 21% a year. … Greene County Bancorp is not the only stock that insiders are buying.
Simply Wall St - – Full articleIs Greene County Bancorp, Inc.'s (NASDAQ:GCBC) High P/E Ratio A Problem For Investors?
We'll show how you can use Greene County Bancorp, Inc.'s (NASDAQ:GCBC) P/E ratio to inform your assessment of the investment opportunity. … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Greene County Bancorp: P/E of 14.76 = $29.3 ÷ $1.98 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … Most would be impressed by Greene County Bancorp earnings growth of 24% in the last year.
Simply Wall St - – Full articleWhat Type Of Shareholder Owns Greene County Bancorp, Inc.'s (NASDAQ:GCBC)?
Greene County Bancorp is a smaller company with a market capitalization of US$255m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Greene County Bancorp NasdaqCM:GCBC Ownership Summary, May 21st 2019 What Does The Institutional Ownership Tell Us About Greene County Bancorp? … Insider Ownership Of Greene County Bancorp The definition of company insiders can be subjective, and does vary between jurisdictions.
Simply Wall St - – Full articleWhy Dividend Hunters Love Greene County Bancorp, Inc. (NASDAQ:GCBC)
A 1.3% yield is nothing to get excited about, but investors probably think the long payment history suggests Greene County Bancorp has some staying power. … There are a few simple ways to reduce the risks of buying Greene County Bancorp for its dividend, and we'll go through these below. … Explore this interactive chart for our latest analysis on Greene County Bancorp!
Simply Wall St - – Full articleDoes Greene County Bancorp, Inc.'s (NASDAQ:GCBC) CEO Pay Matter?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Check out our latest analysis for Greene County Bancorp? … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$443k.
Simply Wall St - – Full articleDespite Its High P/E Ratio, Is Greene County Bancorp, Inc. (NASDAQ:GCBC) Still Undervalued?
To keep it practical, we'll show how Greene County Bancorp, Inc.'s (NASDAQ:GCBC) P/E ratio could help you assess the value on offer. … Greene County Bancorp has a price to earnings ratio of 16.46, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs Greene County Bancorp's Share Price Gain Of 152% Well Earned?
For instance, the price of Greene County Bancorp, Inc. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, Greene County Bancorp achieved compound earnings per share (EPS) growth of 20% per year.
Simply Wall St - – Full articleHave Insiders Been Buying Greene County Bancorp, Inc. (NASDAQ:GCBC) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in Greene County Bancorp, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Greene County Bancorp Insider Transactions Over The Last Year.
Simply Wall St - – Full articleWhy Greene County Bancorp Inc's (NASDAQ:GCBC) High P/E Ratio Isn't Necessarily A Bad Thing
To keep it practical, we'll show how Greene County Bancorp Inc's (NASDAQ:GCBC) P/E ratio could help you assess the value on offer. … Greene County Bancorp has a P/E ratio of 18.91, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleDoes Greene County Bancorp Inc's (NASDAQ:GCBC) CEO Pay Compare Well With Peers?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … At the time of writing our data says that Greene County Bancorp Inc has a market cap of US$266m, and is paying total annual CEO compensation of US$1m. … As part of our analysis we looked at companies in the same jurisdiction, with market capitalizations of US$100m to US$400m.
Simply Wall St - – Full articleCompany Info
Description
Greene County Bancorp, Inc. operates as a holding company for The Bank of Greene County that provides various financial services. Its deposit products include savings, NOW accounts, money market accounts, certificates of deposit and non-interest bearing checking accounts, and individual retirement accounts. The company’s loan portfolio consists of residential, construction and land, and multifamily mortgage loans; commercial real estate mortgage loans; consumer loans, such as loans on new and used automobiles, personal loans, and home equity loans, as well as other consumer installment loans, including passbook loans, unsecured home improvement loans, recreational vehicle loans, and deposit account overdrafts; and commercial loans. It operates a network of 14 full-service banking offices located in the Hudson Valley of New York. The company was founded in 1889 and is headquartered in Catskill, New York. Greene County Bancorp, Inc. is a subsidiary of Greene County Bancorp, MHC.
Details
| Name: | Greene County Bancorp, Inc. |
| GCBC | |
| Exchange: | NasdaqCM |
| Founded: | 1889 |
| $239,058,792 | |
| 8,537,814 | |
| Website: | http://www.thebankofgreenecounty.com |
| Address: |
Greene County Bancorp, Inc. 302 Main Street, Catskill, New York, 12414, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqCM | GCBC | Common Stock | Nasdaq Capital Market | US | USD | 31. Dec 1998 |
Number of employees
Current staff
Industry
| Thrifts and Mortgage Finance | |
| Banks |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/18 23:40 |
| End of day share price update: | 2019/07/18 00:00 |
| Last earnings filing: | 2019/05/09 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/06/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
