Greene County Bancorp (NasdaqCM:GCBC) - Share price, News & Analysis

GCBC fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

GCBC Stock Overview

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

Rewards

Trading at 5.4% below our estimate of its fair value

Earnings grew by 36.9% over the past year

Risk Analysis

No risks detected for GCBC from our risk checks.

Greene County Bancorp Competitors

JPMorgan Chase

NYSE:JPM

US$366.0b

Bank of America

NYSE:BAC

US$289.0b

Wells Fargo

NYSE:WFC

US$166.1b

Toronto-Dominion Bank

TSX:TD

CA$167.0b

Price History & Performance

Summary of all time highs, changes and price drops for Greene County Bancorp
Historical stock prices
Current Share Price	US$52.20
52 Week High	US$55.88
52 Week Low	US$26.42
Beta	0.21
1 Month Change	5.05%
3 Month Change	35.06%
1 Year Change	93.84%
3 Year Change	73.13%
5 Year Change	119.33%
Change since IPO	2,140.78%

Recent News & Updates

May 14

Greene County Bancorp: Time To Take Profits

GCBC is a community bank in New York with strong fundamentals. However, its valuation is currently over optimistic and not supported by and growth outlets. A normalised revaluation could lead to a 50% drop; hence, it would be good to take profits now.

Shareholder Returns

	GCBC	US Mortgage	US Market
7D	3.1%	3.1%	-0.5%
1Y	93.8%	-30.3%	-12.3%

Return vs Industry: GCBC exceeded the US Mortgage industry which returned -30.7% over the past year.

Return vs Market: GCBC exceeded the US Market which returned -12.9% over the past year.

Price Volatility

Is GCBC's price volatile compared to industry and market?
GCBC volatility
GCBC Average Weekly Movement	6.0%
Mortgage Industry Average Movement	3.9%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	2.9%

Stable Share Price: GCBC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

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

About the Company

Founded	Employees	CEO	Website
1889	185	Don Gibson	https://www.thebankofgreenecounty.com

Greene County Bancorp, Inc. operates as a holding company for The Bank of Greene County that provides various financial services in the United States. Its deposit products include savings, NOW accounts, money market accounts, certificates of deposit, 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.

Greene County Bancorp Fundamentals Summary

How do Greene County Bancorp's earnings and revenue compare to its market cap?
GCBC fundamental statistics
Market Cap	US$444.40m
Earnings (TTM)	US$28.79m
Revenue (TTM)	US$66.53m

15.4x

P/E Ratio

2.8x

P/B Ratio

Is GCBC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GCBC income statement (TTM)
Revenue	US$66.53m
Cost of Revenue	US$0
Gross Profit	US$66.53m
Other Expenses	US$37.74m
Earnings	US$28.79m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	3.38
Gross Margin	100.00%
Net Profit Margin	43.28%
Debt/Equity Ratio	31.4%

How did GCBC perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

15%

Payout Ratio

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

5.4%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: GCBC ($52.2) is trading below our estimate of fair value ($55.17)

Significantly Below Fair Value: GCBC is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: GCBC is poor value based on its PE Ratio (15.4x) compared to the US Mortgage industry average (12.2x).

PE vs Market: GCBC is poor value based on its PE Ratio (15.4x) compared to the US market (15.1x).

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 (2.8x) compared to the US Mortgage industry average (0.9x).

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

14.8%

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.

Past Performance

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

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

17.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GCBC has high quality earnings.

Growing Profit Margin: GCBC's current net profit margins (43.3%) are higher than last year (38.3%).

Past Earnings Growth Analysis

Earnings Trend: GCBC's earnings have grown by 17.5% per year over the past 5 years.

Accelerating Growth: GCBC's earnings growth over the past year (36.9%) exceeds its 5-year average (17.5% per year).

Earnings vs Industry: GCBC earnings growth over the past year (36.9%) exceeded the Mortgage industry 7.1%.

Return on Equity

High ROE: GCBC's Return on Equity (18.3%) is considered low.

Financial Health

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

Financial Health Score

6/6

Financial Health Score 6/6

Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: GCBC's Assets to Equity ratio (16.1x) is moderate.

Allowance for Bad Loans: GCBC has a sufficient allowance for bad loans (562%).

Low Risk Liabilities: 97% 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 (45%).

Low Risk Deposits: GCBC's Loans to Deposits ratio (49%) is appropriate.

Level of Bad Loans: GCBC has an appropriate level of bad loans (0.3%).

Dividend

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

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.00%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GCBC's dividend (1%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.58%).

High Dividend: GCBC's dividend (1%) is low compared to the top 25% of dividend payers in the US market (4.11%).

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

Earnings Coverage: With its low payout ratio (15.4%), 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 or that it will be covered by earnings.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

14.9yrs

Average management tenure

CEO

Don Gibson (56 yo)

14.92yrs

Tenure

US$1,625,600

Compensation

Mr. Donald E. Gibson, also known as Don, 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 G...

CEO Compensation Analysis

Compensation vs Market: Don's total compensation ($USD1.63M) is below average for companies of similar size in the US market ($USD2.60M).

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

Leadership Team

Experienced Management: GCBC's management team is seasoned and experienced (14.9 years average tenure).

Board Members

Experienced Board: GCBC's board of directors are seasoned and experienced ( 11.5 years average tenure).

Ownership

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

Insider Trading Volume

Insider Buying: Insufficient data to determine if 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/24 00:00
End of Day Share Price	2022/05/23 00:00
Earnings	2022/03/31
Annual Earnings	2021/06/30