Elmer Bancorp (ELMA) AI Stock Analysis

• Market Cap: $27.09M
• Dividend Yield: 2.24%
• Average Volume (3M): 447.00
• Price to Earnings (P/E): 7.8
• Beta (1Y): 0.05
• Revenue Growth: 16.24%
• EPS Growth: 14.65%
• Country: US
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.64
• Shares Outstanding: 1,219,680
• 10 Day Avg. Volume: 969
• 30 Day Avg. Volume: 447
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 77 Outperform
• Price Target: ―

Elmer Bancorp's stock is supported by strong financial performance, characterized by robust revenue and profit growth in a debt-free environment. The technical indicators show positive momentum, although operational inefficiencies reflected in the negative EBITDA need attention. The stock appears undervalued with an attractive P/E ratio, and the dividend yield provides additional investor appeal. Limited insights from the latest earnings call and lack of impactful corporate events keep the overall score steady at 77.

Elmer Bancorp Business Overview & Revenue Model

Company Description

Elmer Bancorp, Inc. operates as the bank holding company for The First National Bank of Elmer that provides various business and personal banking products and services. It provides checking, money market, savings, NOW, Christmas club, and individual retirement accounts; and certificates of deposit. The company also offers business loans comprising owner occupied real estate, investment real estate, agricultural, business expansion, vehicle, term, construction, and construction to permanent loans, as well as business lines of credit and letters of credit; and small business administration loans, term loans, home equity loans, lines of credit, residential mortgages, consumer loans, and commercial mortgages. In addition, it provides merchant, cash management, remote deposit capture, and electronic bill payments services; mobile, text message, and online banking services; VISA check cards; and debit and credit cards. The company offers its products and services through six full-service branch offices located in Cumberland, Gloucester, and Salem Counties, New Jersey. Elmer Bancorp, Inc. was founded in 1903 and is based in Elmer, New Jersey.

How the Company Makes Money

Elmer Bancorp generates revenue through a diversified model comprising interest income, non-interest income, and fee-based services. The primary revenue stream is interest income, which is earned from loans and mortgages provided to customers and businesses. This includes interest on personal loans, commercial loans, and mortgages. In addition to interest income, the company earns non-interest income from fees associated with account maintenance, transaction services, and other banking activities. Wealth management and investment services also contribute to Elmer Bancorp's revenue, generating income through advisory fees, asset management, and brokerage services. The company leverages strategic partnerships with financial institutions and technology providers to enhance its service offerings and drive additional revenue sources.

Elmer Bancorp Financial Statement Overview

Summary

Elmer Bancorp demonstrates impressive financial strength with robust revenue and profit growth, particularly in a debt-free environment. While profitability margins have improved, operational efficiencies are a concern due to the negative EBITDA. The company's cash flow is healthy, supporting its financial stability, but attention to operational costs is necessary to sustain future performance.

Income Statement

Elmer Bancorp shows a solid performance with a consistent increase in total revenue over the years, reaching $16 million in 2023. The net profit margin improved from 14.2% in 2022 to 19.9% in 2023, indicating enhanced profitability. However, the negative EBITDA in 2023 suggests potential operational inefficiencies that need addressing.

Balance Sheet

The company maintains a strong balance sheet with zero debt, reflecting excellent financial stability. The equity ratio stands at around 9%, indicating a healthy level of stockholders' equity relative to total assets. Return on equity increased to 9.7% in 2023, showcasing effective utilization of equity capital.

Cash Flow

Free cash flow growth remains positive, with a notable increase from $2.5 million in 2022 to $3.1 million in 2023. The operating cash flow to net income ratio is slightly above 1, suggesting sound cash generation relative to net income. Despite strong cash flow metrics, the negative EBITDA could impact future cash flow sustainability.

Breakdown	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	16.02M	14.60M	13.77M	13.35M	13.27M
Gross Profit	16.02M	14.60M	13.77M	13.35M	13.27M
EBITDA	-274.15K	3.91M	2.94M	2.26M	3.13M
Net Income	3.18M	2.60M	1.95M	1.47M	2.07M
Balance Sheet
Total Assets	364.58M	371.53M	375.69M	330.42M	285.85M
Cash, Cash Equivalents and Short-Term Investments	39.25M	55.74M	82.54M	32.73M	21.12M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	331.86M	342.23M	346.23M	302.22M	259.09M
Stockholders Equity	32.72M	29.30M	29.47M	28.20M	26.76M
Cash Flow
Free Cash Flow	3.08M	2.52M	2.43M	350.17K	196.24K
Operating Cash Flow	3.58M	3.13M	2.92M	1.87M	2.55M
Investing Cash Flow	-9.04M	-25.28M	3.21M	-33.31M	-3.70M
Financing Cash Flow	-11.03M	-4.66M	43.68M	43.04M	759.20K

Elmer Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ELMA, the sentiment is Positive. The current price of 22.3 is above the 20-day moving average (MA) of 22.18, above the 50-day MA of 22.11, and above the 200-day MA of 21.88, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 55.38 is Neutral, neither overbought nor oversold. The STOCH value of 64.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ELMA.

Elmer Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CZNC	79 Outperform	$305.95M	11.33	9.43%	5.65%	8.59%	14.56%
ELMA	77 Outperform	$27.09M	7.85	9.11%	2.24%	16.24%	14.65%
PWOD	76 Outperform	$228.43M	10.75	10.05%	4.27%	14.11%	29.41%
BAC	74 Outperform	$388.27B	15.35	9.37%	2.06%	4.95%	20.49%
CART	70 Outperform	$9.99B	21.22	13.98%	―	10.47%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%