NasdaqCM:GCBC

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


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


Market Performance


7 Day Return

-0.1%

GCBC

1.6%

US Mortgage

0.4%

US Market


1 Year Return

-10.9%

GCBC

15.2%

US Mortgage

6.9%

US Market

Return vs Industry: GCBC underperformed the US Mortgage industry which returned 15.2% over the past year.

Return vs Market: GCBC underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

GCBCIndustryMarket
7 Day-0.1%1.6%0.4%
30 Day-0.6%0.7%-1.1%
90 Day-1.4%4.2%-0.5%
1 Year-9.7%-10.9%17.7%15.2%9.3%6.9%
3 Year71.6%64.3%41.2%31.8%45.8%36.4%
5 Year122.4%102.6%71.5%53.4%62.9%45.1%

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?

13.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: GCBC ($27.61) is trading above our estimate of fair value ($22.57)

Significantly Undervalued: GCBC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GCBC is good value based on its PE Ratio (13.5x) compared to the Mortgage industry average (14.4x).

PE vs Market: GCBC is good value based on its PE Ratio (13.5x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low 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 (2.1x) compared to the US Mortgage industry average (1.1x).


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?

-6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GCBC's earnings are forecast to decline over the next 3 years (-6.3% per year).

Earnings vs Market: GCBC's earnings are forecast to decline over the next 3 years (-6.3% per year).

High Growth Earnings: GCBC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if GCBC's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if GCBC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if GCBC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

21.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GCBC's earnings have grown significantly by 21.6% per year over the past 5 years.

Accelerating Growth: GCBC's earnings growth over the past year (21.3%) is below its 5-year average (21.6% per year).

Earnings vs Industry: GCBC earnings growth over the past year (21.3%) underperformed the Mortgage industry 31.5%.


Return on Equity

High ROE: GCBC's Return on Equity (15.6%) is considered low.


Return on Assets

ROA vs Industry: GCBC has a higher Return on Assets than the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate GCBC's Return on Capital Employed to determine if it has improved over the past 3 years.


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

Inventory Level: GCBC has a low level of unsold assets or inventory.

Debt Coverage by Assets: GCBC's debt is covered by short term assets (assets are 1.864020x debt).


Financial Institutions Analysis

Asset Level: GCBC's level of assets compared to its equity is moderate.

Allowance for Bad Loans: GCBC has a sufficient allowance for bad loans.

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

Loan Level: GCBC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: GCBC's loans are broadly funded by customer deposits.

Level of Bad Loans: GCBC has an appropriate level of bad loans (0.46%)


Next Steps

Dividend

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

1.59%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Greene County Bancorp before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company1.6%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GCBC's dividend (1.59%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: GCBC's dividend (1.59%) is low compared to the top 25% of dividend payers in the US market (3.73%).

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%), 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

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

12.3yrs

Average management tenure


CEO

Don Gibson (54yo)

12.3yrs

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 ($USD1.28M) is about average for companies of similar size in the US market ($USD1.16M).

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


Management Age and Tenure

12.3yrs

Average Tenure

53yo

Average Age

Experienced Management: GCBC's management team is seasoned and experienced (12.3 years average tenure).


Board Age and Tenure

12.0yrs

Average Tenure

67.5yo

Average Age

Experienced Board: GCBC's board of directors are seasoned and experienced ( 12 years average tenure).


Insider Trading

Insider Buying: GCBC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$5,39809 Sep 19
Donald Gibson
EntityIndividual
Role
Chief Executive Officer
President
Shares200
Max PriceUS$26.99
BuyUS$13,25027 Aug 19
Charles Schaefer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$26.50
BuyUS$13,43607 Aug 19
Paul Slutzky
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$26.87
BuyUS$1,51807 Aug 19
Donald Gibson
EntityIndividual
Role
Chief Executive Officer
President
Shares57
Max PriceUS$27.01
BuyUS$13,87505 Aug 19
Charles Schaefer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$27.75
BuyUS$10,68026 Jul 19
Jay Cahalan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares400
Max PriceUS$26.70
BuyUS$58,62005 Jun 19
Peter Hogan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$29.35
BuyUS$6,00030 May 19
Donald Gibson
EntityIndividual
Role
Chief Executive Officer
President
Shares200
Max PriceUS$30.00
BuyUS$15,25014 May 19
Paul Slutzky
EntityIndividual
Role
Member of the Board of Directors
Director
Shares500
Max PriceUS$30.50
BuyUS$12,78603 May 19
Jay Cahalan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares415
Max PriceUS$30.81
BuyUS$5,98422 Feb 19
Donald Gibson
EntityIndividual
Role
Chief Executive Officer
President
Shares187
Max PriceUS$32.00
BuyUS$9522 Feb 19
Donald Gibson
EntityIndividual
Role
Chief Executive Officer
President
Shares3
Max PriceUS$31.51
BuyUS$21,67829 Jan 19
Donald Gibson
EntityIndividual
Role
Chief Executive Officer
President
Shares700
Max PriceUS$30.99
BuyUS$9229 Jan 19
Donald Gibson
EntityIndividual
Role
Chief Executive Officer
President
Shares3
Max PriceUS$30.51
BuyUS$27,89128 Jan 19
Jay Cahalan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares900
Max PriceUS$30.99

Ownership Breakdown


Management Team

  • Steve Nelson (52yo)

    Executive VP & Chief Lending Officer

    • Tenure: 11.3yrs
    • Compensation: US$634.10k
  • Michelle Plummer (53yo)

    Executive VP

    • Tenure: 4.3yrs
    • Compensation: US$742.70k
  • Don Gibson (54yo)

    President

    • Tenure: 12.3yrs
    • Compensation: US$1.28m
  • Susan Timan

    Corporate Secretary

    • Tenure: 0yrs

Board Members

  • Walter Ingalls (88yo)

    Director Emeritus

    • Tenure: 11.9yrs
    • Compensation: US$30.00k
  • J. Whittaker (76yo)

    Director Emeritus

    • Tenure: 0yrs
    • Compensation: US$138.80k
  • Paul Slutzky (71yo)

    Director

    • Tenure: 27.8yrs
    • Compensation: US$104.52k
  • Martin Smith (74yo)

    Chairman of the Board

    • Tenure: 13.9yrs
    • Compensation: US$121.20k
  • David Jenkins (68yo)

    Independent Director

    • Tenure: 23.8yrs
    • Compensation: US$101.22k
  • Michelle Plummer (53yo)

    Executive VP

    • Tenure: 4.3yrs
    • Compensation: US$742.70k
  • Charles Schaefer (67yo)

    Director

    • Tenure: 16yrs
    • Compensation: US$101.22k
  • Don Gibson (54yo)

    President

    • Tenure: 12.3yrs
    • Compensation: US$1.28m
  • Jay Cahalan (60yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$101.22k
  • Peter Hogan (62yo)

    Independent Director

    • Tenure: 5.9yrs
    • Compensation: US$114.95k

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$235.729m
  • Shares outstanding: 8.54m
  • 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,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:35
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.