Greene County Bancorp
Market Cap
US$200.3m
Last Updated
2020/06/06 02:23 UTC
Data Sources
Company Financials
Executive Summary
Greene County Bancorp, Inc. operates as a holding company for The Bank of Greene County that provides various financial services.
Rewards
Risk Analysis
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
| GCBC | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.8% | 11.4% | 3.8% |
| 30 Day | 10.8% | 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 Year | 88.8%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
1 week ago | Simply Wall St
Do Directors Own Greene County Bancorp, Inc. (NASDAQ:GCBC) Shares?3 weeks ago | Simply Wall St
Be Sure To Check Out Greene County Bancorp, Inc. (NASDAQ:GCBC) Before It Goes Ex-Dividend1 month ago | Simply Wall St
Did You Miss Greene County Bancorp's (NASDAQ:GCBC) 61% Share Price Gain?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
- Examine whether Greene County Bancorp is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Banks industry.
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13yrs | US$1.28m | 1.07% $2.1m | |
| Executive VP | 5yrs | US$742.70k | 1.03% $2.1m | |
| Executive VP & Chief Lending Officer | 11.92yrs | US$634.10k | 0.27% $550.0k | |
| Corporate Secretary | no data | no data | no data |
13.0yrs
Average Tenure
53yo
Average Age
Experienced Management: GCBC's management team is seasoned and experienced (13 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 13yrs | US$1.28m | 1.07% $2.1m | |
| Executive VP | 5yrs | US$742.70k | 1.03% $2.1m | |
| Director Emeritus | 12.58yrs | US$30.00k | no data | |
| Director Emeritus | no data | US$13.50k | no data | |
| Independent Director | 28.42yrs | US$104.52k | 1.11% $2.2m | |
| Independent Chairman of the Board | 14.58yrs | US$121.20k | 1.58% $3.2m | |
| Independent Director | 24.42yrs | US$101.22k | 1.22% $2.5m | |
| Director | 16.67yrs | US$101.22k | 1.03% $2.1m | |
| Independent Director | 5yrs | US$101.22k | 0.12% $244.6k | |
| Independent Director | 6.58yrs | US$114.95k | 0.41% $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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GCBC | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Dec 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/06 02:23 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/06/30 |
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.