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Greene County Bancorp

Nasdaq:GCBC
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GCBC
Nasdaq
$239M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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
-3.9%
NasdaqCM:GCBC
-1.1%
US Mortgage
-0.3%
US Market
1 Year Returns
-17.8%
NasdaqCM:GCBC
0.6%
US Mortgage
3.4%
US Market
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.
Price Volatility
GCBC
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Greene County Bancorp undervalued based on future cash flows and its price relative to the stock market?

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Greene County Bancorp.

NasdaqCM:GCBC Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:GCBC
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.

NasdaqCM:GCBC Value of Excess Returns
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
NasdaqCM:GCBC Discount to Share Price
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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NasdaqCM:GCBC PE (Price to Earnings) Ratio Data Sources
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.

NasdaqCM:GCBC PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NasdaqCM:GCBC PEG (Price to Earnings to Growth) Ratio Data Sources
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?
Raw Data
NasdaqCM:GCBC PB (Price to Book) Ratio Data Sources
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
NasdaqCM:GCBC PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Greene County Bancorp's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. 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

 How is Greene County Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • 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!
Annual Growth Rate
-6.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Greene County Bancorp expected to grow at an attractive rate?
  • 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
Raw Data
NasdaqCM:GCBC Future Growth Rates Data Sources
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
Raw Data
NasdaqCM:GCBC Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:GCBC Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Greene County Bancorp's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Greene County Bancorp is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:GCBC 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.

NasdaqCM:GCBC Past Financials Data
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.
X
Future performance checks
We assess Greene County Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Greene County Bancorp's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Greene County Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Greene County Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:GCBC Past Revenue, Cash Flow and Net Income Data
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.
X
Past performance checks
We assess Greene County Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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

 How is Greene County Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

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.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Greene County Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
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.
Raw Data

All data from Greene County Bancorp Company Filings, last reported 3 months ago.

NasdaqCM:GCBC Past Debt and Equity Data
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.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • 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%).
X
Financial health checks
We assess Greene County Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Greene County Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
1.57%
Current annual income from Greene County Bancorp dividends.
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
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NasdaqCM:GCBC Annualized Past and Future Dividends
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.

NasdaqCM:GCBC Past Annualized Dividends Data
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).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Greene County Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Greene County Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Don Gibson
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:

12.1
Average Tenure
53
Average Age
  • 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

TITLE
President
COMPENSATION
$1M
AGE
54
TENURE
12.1 yrs

Michelle Plummer

TITLE
Executive VP
COMPENSATION
$640K
AGE
53
TENURE
20.2 yrs

Steve Nelson

TITLE
Executive VP & Chief Lending Officer
COMPENSATION
$560K
AGE
52
TENURE
11 yrs

Susan Timan

TITLE
Corporate Secretary
Board of Directors Tenure

Average tenure and age of the Greene County Bancorp board of directors in years:

11.8
Average Tenure
67.5
Average Age
  • 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

TITLE
Chairman of the Board
COMPENSATION
$99K
AGE
74
TENURE
13.7 yrs

Don Gibson

TITLE
President
COMPENSATION
$1M
AGE
54
TENURE
11.8 yrs

Michelle Plummer

TITLE
Executive VP
COMPENSATION
$640K
AGE
53
TENURE
4.1 yrs

Paul Slutzky

TITLE
Director
COMPENSATION
$85K
AGE
71
TENURE
27.5 yrs

David Jenkins

TITLE
Director
COMPENSATION
$82K
AGE
68
TENURE
23.5 yrs

Peter Hogan

TITLE
Director
COMPENSATION
$94K
AGE
62
TENURE
5.7 yrs

Charles Schaefer

TITLE
Director
COMPENSATION
$82K
AGE
67
TENURE
15.8 yrs

Jay Cahalan

TITLE
Director
COMPENSATION
$36K
AGE
60
TENURE
4.1 yrs

Walter Ingalls

TITLE
Director Emeritus
COMPENSATION
$13K
AGE
88
TENURE
11.7 yrs

J. Whittaker

TITLE
Director Emeritus
COMPENSATION
$14K
AGE
76
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Greene County Bancorp individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) 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
X
Management checks
We assess Greene County Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Is 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 -

What 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 -

Why 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 -

Does 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 -

Despite 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 -

Is 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 -

Have 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 -

Why 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 -

Does 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 -

Company 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
Staff numbers
156
Greene County Bancorp employees.
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.