ES Bancshares (ESBS) AI Stock Analysis

• Market Cap: $45.21M
• Dividend Yield: N/A
• Average Volume (3M): 537.00
• Price to Earnings (P/E): 16.0
• Beta (1Y): 0.06
• Revenue Growth: 5.07%
• EPS Growth: 272.10%
• Country: US
• Employees: 37
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.10
• Shares Outstanding: 6,663,320
• 10 Day Avg. Volume: 1,030
• 30 Day Avg. Volume: 537
• PEG Ratio: -1.48
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 2.90
• P/FCF Ratio: -25.12
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 1.93
• Enterprise Value/Gross Profit: 3.23
• Enterprise Value/Ebitda: 16.24
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $7.00 ▲(2.04% Upside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is held back primarily by weakening fundamentals—sharp 2024 revenue decline, compressed profitability/ROE, and negative operating/free cash flow. Technicals are broadly neutral with limited momentum, and valuation is moderate (P/E ~18.4) without dividend yield support.

Positive Factors

Business Model Strength

ES Bancshares' focus on community banking and personalized service supports a stable customer base, enhancing long-term client loyalty and revenue stability.

Balance Sheet Health

A solid balance sheet with a strong equity base provides financial stability and flexibility, enabling the company to withstand economic pressures.

Revenue Growth

Positive revenue growth indicates expanding market reach and effective business strategies, supporting long-term financial health.

Negative Factors

Profitability Challenges

Decreasing net profit margins suggest difficulties in cost management or pricing power, potentially impacting long-term earnings sustainability.

Cash Flow Constraints

Reduced operating cash flow limits the company's ability to fund operations and growth initiatives, posing risks to financial flexibility.

Debt Levels

Increased debt levels can strain financial resources and limit the company's ability to invest in growth opportunities, affecting long-term stability.

ES Bancshares Business Overview & Revenue Model

Company Description

ES Bancshares, Inc., through its subsidiary, Empire State Bank, provides various commercial banking products and services in New York. The company offers various deposit products, including personal and business checking and money market accounts, personal and business savings accounts, individual retirement accounts, and certificates of deposits. It also provides SBA loans and lines of credit, commercial term loans, commercial letters of credit, and commercial real estate loans, as well as mortgage loans secured by one-to four-family residences. In addition, the company offers debit card, direct deposit, automatic loan payment and transfer, combined statement, remote deposit, cash and escrow management, wire transfer, night depository, and online and telephone banking services. ES Bancshares, Inc. was founded in 2004 and is based in Newburgh, New York.

How the Company Makes Money

ES Bancshares generates revenue through interest income from loans and investments, which constitutes a significant portion of its earnings. The bank offers various types of loans, including commercial real estate, residential mortgages, and consumer loans, and earns interest from these lending activities. Additionally, ES Bancshares earns income from service charges on deposit accounts, transaction fees, and other banking services. The company may also engage in securities trading and investment activities to diversify its income streams. Key factors contributing to its earnings include interest rate fluctuations, loan demand, and the bank's ability to manage credit risk effectively.

ES Bancshares Financial Statement Overview

Summary

Financial performance has weakened materially: income statement profitability deteriorated (net margin down sharply and 2024 revenue down ~52% YoY), balance-sheet returns compressed (ROE ~2% in 2024), and cash generation turned negative in 2024 (negative operating and free cash flow). Leverage is moderate and improved from 2023, but overall fundamentals reflect a clear downshift versus 2021–2022.

Income Statement

Profitability has deteriorated materially: net margin fell from ~28% (2022) to ~7% (2024), and revenue declined sharply in 2024 (down ~52% YoY) after being roughly flat-to-down in 2022–2023. While the company remains profitable, earnings power appears much less stable versus prior years, with weaker operating profitability versus the 2021–2022 period.

Balance Sheet

Leverage is moderate for a regional bank but has trended worse versus 2021: debt-to-equity rose from ~0.9x (2021) to ~1.4x (2024), though it improved from ~2.0x (2023). Return on equity has compressed significantly (from ~12% in 2021–2022 to ~2% in 2024), suggesting diminished balance-sheet productivity despite a relatively steady asset base.

Cash Flow

Cash generation weakened notably in 2024, with operating cash flow turning negative (-$1.7M) and free cash flow also negative (-$1.8M), reversing the positive profiles in 2020–2023. Prior years showed generally positive cash flow, but the 2024 swing raises questions around near-term cash earnings quality and consistency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	29.80M	15.36M	29.29M	22.60M	21.82M	19.57M
Gross Profit	17.80M	15.36M	16.95M	18.84M	18.48M	12.36M
EBITDA	3.54M	1.40M	3.86M	8.50M	6.67M	2.17M
Net Income	2.63M	1.10M	1.47M	5.25M	4.63M	1.21M
Balance Sheet
Total Assets	644.98M	640.50M	638.75M	587.86M	515.32M	515.77M
Cash, Cash Equivalents and Short-Term Investments	46.76M	0.00	40.90M	46.90M	63.01M	69.00M
Total Debt	57.26M	68.04M	91.19M	85.66M	34.55M	96.96M
Total Liabilities	595.57M	592.95M	592.89M	543.85M	476.07M	481.07M
Stockholders Equity	49.41M	47.55M	45.86M	44.00M	39.25M	34.70M
Cash Flow
Free Cash Flow	0.00	-1.77M	1.50M	2.11M	4.85M	8.04M
Operating Cash Flow	0.00	-1.71M	1.91M	3.29M	7.60M	8.47M
Investing Cash Flow	0.00	-1.92M	-55.99M	-158.76M	-8.23M	-57.53M
Financing Cash Flow	0.00	-2.39M	48.69M	134.51M	-2.82M	86.32M

ES Bancshares Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 6.86
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ESBS, the sentiment is Neutral. The current price of 6.86 is above the 20-day moving average (MA) of 6.72, below the 50-day MA of 6.94, and below the 200-day MA of 6.94, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 50.51 is Neutral, neither overbought nor oversold. The STOCH value of 71.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ESBS.

ES Bancshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HFBL	78 Outperform	$57.42M	11.01	8.21%	3.21%	0.32%	37.93%
OPHC	75 Outperform	$60.55M	5.24	15.03%	―	14.91%	0.81%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ASRV	66 Neutral	$61.46M	10.96	4.54%	3.87%	6.89%	―
TCBS	55 Neutral	$49.04M	19.79	4.74%	1.10%	12.12%	―
ESBS	48 Neutral	$45.21M	16.04	5.49%	―	5.07%	272.10%