OTCPK:VSBN

Stock Analysis Report

Executive Summary

VSB Bancorp, Inc. operates as the holding company for Victory State Bank that provides commercial and retail banking products and services primarily in Staten Island, New York.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.

Risks

  • VSB Bancorp is not covered by any analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:VSBN

-1.8%

US Banks

0.2%

US Market


1 Year Return

n/a

OTCPK:VSBN

-15.3%

US Banks

-0.7%

US Market

No trading data on VSBN.

No trading data on VSBN.


Share holder returns

VSBNIndustryMarket
7 Day0%-1.8%0.2%
30 Day0%-6.4%-2.7%
90 Day-0.9%-4.0%1.6%
1 Yearn/a-12.9%-15.3%1.6%-0.7%
3 Year65.8%55.4%41.3%31.7%40.0%30.9%
5 Year96.0%76.3%50.8%34.5%53.8%36.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is VSB Bancorp undervalued based on future cash flows and its price relative to the stock market?

12x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

VSB Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

VSB Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

VSB Bancorp is good value based on earnings compared to the US Banks industry average.

VSB Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for VSB Bancorp, we can't assess if its growth is good value.


Price Based on Value of Assets

VSB Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is VSB Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if VSB Bancorp is high growth as no revenue estimate data is available.

VSB Bancorp's earnings are expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).

Unable to compare VSB Bancorp's revenue growth to the United States of America market average as no estimate data is available.

VSB Bancorp's earnings growth is positive but not above the United States of America market average.

VSB Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if VSB Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has VSB Bancorp performed over the past 5 years?

20.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

VSB Bancorp has delivered over 20% year on year earnings growth in the past 5 years.

VSB Bancorp's 1-year earnings growth is less than its 5-year average (5% vs 20.4%)

VSB Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (5% vs 33.2%).


Return on Equity

VSB Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

VSB Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if VSB Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is VSB 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

Information is not available.

Information is not available.


Financial Institutions Analysis

VSB Bancorp has an acceptable proportion of non-loan assets held.

VSB Bancorp has a low allowance for bad loans.

VSB Bancorp's liabilities are made up of primarily low risk sources of funding.

VSB Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at VSB Bancorp are broadly funded by customer deposits.

VSB Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

2.58%

Current Dividend Yield


Dividend Yield and Payments Analysis

VSB Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

VSB Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

16.4yrs

Average board tenure


CEO

Ralph Branca (54yo)

11.8yrs

Tenure

US$506,238

Compensation

Mr. Raffaele M. Branca, also known as Ralph, has been Chief Executive Officer and President of VSB BanCorp. Inc. since November 2007 and serves as its President, CEO & Director. Mr. Branca serves as the Pr ...


CEO Compensation Analysis

Ralph's remuneration is about average for companies of similar size in United States of America.

Ralph's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

16.4yrs

Average Tenure

71yo

Average Age

The average tenure for the VSB Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ralph Branca (54yo)

    President

    • Tenure: 11.8yrs
    • Compensation: US$506.24k
  • Joan Nerlino Caddell (61yo)

    Corporate Secretary & Director

    • Tenure: 22.6yrs
    • Compensation: US$26.97k
  • David Onderko

    Senior VP & CFO

    • Tenure: 0.6yrs
  • Toni Scarito

    • Tenure: 0.0yrs
  • Elizabeth Scarano (59yo)

    Senior VP & COO

    • Tenure: 0.0yrs
  • Philip Stropoli

    • Tenure: 0.0yrs

Board Members

  • Alfred Johnsen (72yo)

    Director

    • Tenure: 16.3yrs
    • Compensation: US$24.87k
  • Joseph LiBassi (83yo)

    Chairman of the Board

    • Tenure: 16.6yrs
    • Compensation: US$121.12k
  • Savino Savo (87yo)

    Director Emeritus

    • Tenure: 0.0yrs
  • Robert Cutrona (81yo)

    Director Emeritus

    • Tenure: 0.0yrs
    • Compensation: US$32.79k
  • Ralph Branca (54yo)

    President

    • Tenure: 11.8yrs
    • Compensation: US$506.24k
  • Joan Nerlino Caddell (61yo)

    Corporate Secretary & Director

    • Tenure: 22.6yrs
    • Compensation: US$26.97k
  • Carlos Perez (79yo)

    Director

    • Tenure: 22.6yrs
    • Compensation: US$20.33k
  • Bruno Savo (60yo)

    Director

    • Tenure: 15.6yrs
    • Compensation: US$28.79k
  • Bob Moore (68yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: US$30.36k
  • Robert Gigante (70yo)

    Director

    • Tenure: 0.5yrs

Company Information

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


Key Information

  • Name: VSB Bancorp, Inc.
  • Ticker: VSBN
  • Exchange: OTCPK
  • Founded: 1997
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$36.323m
  • Shares outstanding: 1.81m
  • Website: https://www.victorystatebank.com

Number of Employees


Location

  • VSB Bancorp, Inc.
  • 4142 Hylan Boulevard
  • Staten Island
  • New York
  • 10308
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VSBNOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 1997

Biography

VSB Bancorp, Inc. operates as the holding company for Victory State Bank that provides commercial and retail banking products and services primarily in Staten Island, New York. It accepts various deposits  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:11
End of Day Share Price2019/08/13 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.