NasdaqCM:GCBC

Stock Analysis Report

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Executive Summary

Greene County Bancorp, Inc. operates as a holding company for The Bank of Greene County that provides various financial services.


Snowflake Analysis

Flawless balance sheet, good value and pays a dividend.


Similar Companies

Share Price & News

How has Greene County Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GCBC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.8%

GCBC

11.4%

US Mortgage

3.8%

US Market


1 Year Return

-18.9%

GCBC

-15.4%

US Mortgage

9.7%

US Market

Return vs Industry: GCBC matched the US Mortgage industry which returned -18.7% over the past year.

Return vs Market: GCBC underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

GCBCIndustryMarket
7 Day6.8%11.4%3.8%
30 Day10.8%17.0%11.4%
90 Day-12.9%-15.9%6.8%
1 Year-17.5%-18.9%-13.2%-15.4%12.1%9.7%
3 Year-10.0%-13.8%9.1%1.2%36.2%27.2%
5 Year88.8%73.1%10.6%-1.3%63.7%45.4%

Price Volatility Vs. Market

How volatile is Greene County Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Greene County Bancorp undervalued compared to its fair value and its price relative to the market?

21.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GCBC ($23.53) is trading below our estimate of fair value ($30.1)

Significantly Below Fair Value: GCBC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GCBC is good value based on its PE Ratio (11x) compared to the Mortgage industry average (11.2x).

PE vs Market: GCBC is good value based on its PE Ratio (11x) compared to the US market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GCBC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GCBC is overvalued based on its PB Ratio (1.6x) compared to the US Mortgage industry average (0.8x).


Next Steps

Future Growth

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

2.3%

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 Greene County Bancorp 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 Greene County Bancorp performed over the past 5 years?

20.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GCBC has high quality earnings.

Growing Profit Margin: GCBC's current net profit margins (37.5%) are higher than last year (37%).


Past Earnings Growth Analysis

Earnings Trend: GCBC's earnings have grown significantly by 20.7% per year over the past 5 years.

Accelerating Growth: GCBC's earnings growth over the past year (7.4%) is below its 5-year average (20.7% per year).

Earnings vs Industry: GCBC earnings growth over the past year (7.4%) exceeded the Mortgage industry 4.5%.


Return on Equity

High ROE: GCBC's Return on Equity (14.7%) is considered low.


Next Steps

Financial Health

How is Greene County Bancorp'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: GCBC's Assets to Equity ratio (12.8x) is moderate.

Allowance for Bad Loans: GCBC has a sufficient allowance for bad loans (391%).

Low Risk Liabilities: 98% of GCBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: GCBC has an appropriate level of Loans to Assets ratio (56%).

Low Risk Deposits: GCBC's Loans to Deposits ratio (62%) is appropriate.

Level of Bad Loans: GCBC has an appropriate level of bad loans (0.4%).


Next Steps

Dividend

What is Greene County Bancorp's current dividend yield, its reliability and sustainability?

1.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GCBC's dividend (1.87%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: GCBC's dividend (1.87%) is low compared to the top 25% of dividend payers in the US market (4.32%).


Stability and Growth of Payments

Stable Dividend: GCBC's dividends per share have been stable in the past 10 years.

Growing Dividend: GCBC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.6%), GCBC's dividend payments are 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?

13.0yrs

Average management tenure


CEO

Don Gibson (54yo)

13yrs

Tenure

US$1,279,800

Compensation

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 (Catski ...


CEO Compensation Analysis

Compensation vs Market: Don's total compensation ($USD1.28M) is about average for companies of similar size in the US market ($USD1.33M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Donald Gibson
President13yrsUS$1.28m1.07% $2.1m
Michelle Plummer
Executive VP5yrsUS$742.70k1.03% $2.1m
Stephen Nelson
Executive VP & Chief Lending Officer11.92yrsUS$634.10k0.27% $550.0k
Susan Timan
Corporate Secretaryno datano datano data

13.0yrs

Average Tenure

53yo

Average Age

Experienced Management: GCBC's management team is seasoned and experienced (13 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Donald Gibson
President13yrsUS$1.28m1.07% $2.1m
Michelle Plummer
Executive VP5yrsUS$742.70k1.03% $2.1m
Walter Ingalls
Director Emeritus12.58yrsUS$30.00kno data
J. Whittaker
Director Emeritusno dataUS$13.50kno data
Paul Slutzky
Independent Director28.42yrsUS$104.52k1.11% $2.2m
Martin Smith
Independent Chairman of the Board14.58yrsUS$121.20k1.58% $3.2m
David Jenkins
Independent Director24.42yrsUS$101.22k1.22% $2.5m
Charles Schaefer
Director16.67yrsUS$101.22k1.03% $2.1m
Jay Cahalan
Independent Director5yrsUS$101.22k0.12% $244.6k
Peter Hogan
Independent Director6.58yrsUS$114.95k0.41% $823.6k

12.7yrs

Average Tenure

67.5yo

Average Age

Experienced Board: GCBC's board of directors are seasoned and experienced ( 12.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GCBC 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

Greene County Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Greene County Bancorp, Inc.
  • Ticker: GCBC
  • Exchange: NasdaqCM
  • Founded: 1889
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$200.321m
  • Shares outstanding: 8.51m
  • Website: https://www.thebankofgreenecounty.com

Number of Employees


Location

  • Greene County Bancorp, Inc.
  • 302 Main Street
  • Catskill
  • New York
  • 12414
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GCBCNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDDec 1998

Biography

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 15 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 02:23
End of Day Share Price2020/06/05 00:00
Earnings2020/03/31
Annual Earnings2019/06/30


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.