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 Analysis

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

Stable Share Price: GCBC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

GCBC

-1.3%

US Mortgage

-1.3%

US Market


1 Year Return

-5.3%

GCBC

14.4%

US Mortgage

22.0%

US Market

Return vs Industry: GCBC underperformed the US Mortgage industry which returned 18.8% over the past year.

Return vs Market: GCBC underperformed the US Market which returned 24.7% over the past year.


Shareholder returns

GCBCIndustryMarket
7 Day0%-1.3%-1.3%
30 Day1.1%-1.5%1.6%
90 Day10.0%-1.1%8.9%
1 Year-4.0%-5.3%16.9%14.4%24.7%22.0%
3 Year45.5%39.5%25.8%17.2%49.4%39.7%
5 Year124.3%105.1%73.4%54.6%78.1%58.5%

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?

13.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GCBC ($29.02) is trading above our estimate of fair value ($28.83)

Significantly Below Fair Value: 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 (13.8x) compared to the Mortgage industry average (14.2x).

PE vs Market: GCBC is good value based on its PE Ratio (13.8x) compared to the US market (18.9x).


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 (2.1x) 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?

9.0%

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?

21.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GCBC has high quality earnings.

Growing Profit Margin: GCBC's current net profit margins (37.8%) are higher than last year (35.9%).


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 (17.3%) is below its 5-year average (21.6% per year).

Earnings vs Industry: GCBC earnings growth over the past year (17.3%) underperformed the Mortgage industry 23.1%.


Return on Equity

High ROE: GCBC's Return on Equity (15.4%) is considered low.


Return on Assets


Return on Capital Employed


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 9.1x 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 (0.43%)


Next Steps

Dividend

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

1.51%

Current Dividend Yield


Upcoming Dividend Payment

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


Dividend Yield vs Market

company1.5%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: GCBC's dividend (1.52%) is higher than the bottom 25% of dividend payers in the US market (1.4%).

High Dividend: GCBC's dividend (1.52%) is low compared to the top 25% of dividend payers in the US market (3.66%).


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%), 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?

12.6yrs

Average management tenure


CEO

Don Gibson (54yo)

12.6yrs

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 ($USD1.28M) is about average for companies of similar size in the US market ($USD1.08M).

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


Management Age and Tenure

12.6yrs

Average Tenure

53yo

Average Age

Experienced Management: GCBC's management team is seasoned and experienced (12.6 years average tenure).


Board Age and Tenure

12.3yrs

Average Tenure

67.5yo

Average Age

Experienced Board: GCBC's board of directors are seasoned and experienced ( 12.3 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$17,37426 Nov 19
Jay Cahalan
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares625
Max PriceUS$28.00
BuyUS$27,00028 Oct 19
Donald Gibson
EntityIndividual
Role
Chief Executive Officer
President
Shares1,000
Max PriceUS$27.00
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
Independent 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
Independent 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$9229 Jan 19
Donald Gibson
EntityIndividual
Role
Chief Executive Officer
President
Shares3
Max PriceUS$30.51
BuyUS$21,67829 Jan 19
Donald Gibson
EntityIndividual
Role
Chief Executive Officer
President
Shares700
Max PriceUS$30.99

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Steve Nelson (52yo)

    Executive VP & Chief Lending Officer

    • Tenure: 11.5yrs
    • Compensation: US$634.10k
  • Michelle Plummer (53yo)

    Executive VP

    • Tenure: 4.6yrs
    • Compensation: US$742.70k
  • Don Gibson (54yo)

    President

    • Tenure: 12.6yrs
    • Compensation: US$1.28m
  • Susan Timan

    Corporate Secretary


    Board Members

    • Walter Ingalls (88yo)

      Director Emeritus

      • Tenure: 12.2yrs
      • Compensation: US$30.00k
    • J. Whittaker (76yo)

      Director Emeritus

      • Compensation: US$13.50k
    • Paul Slutzky (71yo)

      Independent Director

      • Tenure: 28yrs
      • Compensation: US$104.52k
    • Martin Smith (74yo)

      Chairman of the Board

      • Tenure: 14.2yrs
      • Compensation: US$121.20k
    • David Jenkins (68yo)

      Independent Director

      • Tenure: 24yrs
      • Compensation: US$101.22k
    • Michelle Plummer (53yo)

      Executive VP

      • Tenure: 4.6yrs
      • Compensation: US$742.70k
    • Charles Schaefer (67yo)

      Director

      • Tenure: 16.3yrs
      • Compensation: US$101.22k
    • Don Gibson (54yo)

      President

      • Tenure: 12.6yrs
      • Compensation: US$1.28m
    • Jay Cahalan (60yo)

      Independent Director

      • Tenure: 4.6yrs
      • Compensation: US$101.22k
    • Peter Hogan (62yo)

      Independent Director

      • Tenure: 6.2yrs
      • 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$248.857m
    • 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, 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 Analysis2020/01/25 23:46
    End of Day Share Price2020/01/24 00:00
    Earnings2019/09/30
    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.