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9.34 (1y: +18%)
Market Cap 408.5 M P/E(ttm) 17.50
Enterprise Value 776.47 M P/B 0.80
PBNY- NYSE (USA)
Provident New York Bancorp
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$9.34
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 1.227
PBNY's Cash to Debt is ranked lower than
52% of the 707 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 1.34 vs. PBNY: 1.227 )
PBNY' s 10-Year Cash to Debt Range
Min: 0.07   Max: 1.23
Current: 1.23
0.07
1.23
Equity to Asset 0.08
PBNY's Equity to Asset is ranked lower than
66% of the 882 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.09 vs. PBNY: 0.08 )
PBNY' s 10-Year Equity to Asset Range
Min: 0.08   Max: 0.15
Current: 0.08
0.08
0.15
Interest Coverage No Debt
PBNY's Interest Coverage is ranked lower than
56% of the 882 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 10000.00 vs. PBNY: No Debt )
PBNY' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 4
Z-Score: 0.3
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 20.30
PBNY's Operating margin (%) is ranked lower than
73% of the 719 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 28.90 vs. PBNY: 20.30 )
PBNY' s 10-Year Operating margin (%) Range
Min: 12   Max: 31.8
Current: 20.3
12
31.8
Net-margin (%) 15.5
PBNY's Net-margin (%) is ranked lower than
66% of the 793 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 19.60 vs. PBNY: 15.5 )
PBNY' s 10-Year Net-margin (%) Range
Min: 9.7   Max: 20.5
Current: 15.5
9.7
20.5
ROE (%) 4
PBNY's ROE (%) is ranked lower than
74% of the 775 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 7.20 vs. PBNY: 4 )
PBNY' s 10-Year ROE (%) Range
Min: 2.7   Max: 9.5
Current: 4
2.7
9.5
ROA (%) 0.5
PBNY's ROA (%) is ranked lower than
70% of the 768 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.80 vs. PBNY: 0.5 )
PBNY' s 10-Year ROA (%) Range
Min: 0.4   Max: 1
Current: 0.5
0.4
1
Revenue Growth (%) -0.7
PBNY's Revenue Growth (%) is ranked lower than
290697% of the 344 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 5.40 vs. PBNY: -0.7 )
PBNY' s 10-Year Revenue Growth (%) Range
Min: -0.7   Max: 14.5
Current: -0.7
-0.7
14.5
EBITDA Growth (%) -6.7
PBNY's EBITDA Growth (%) is ranked lower than
300300% of the 333 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 14.00 vs. PBNY: -6.7 )
PBNY' s 10-Year EBITDA Growth (%) Range
Min: -13.2   Max: 18.9
Current: -6.7
-13.2
18.9
EPS Growth (%) -6.1
PBNY's EPS Growth (%) is ranked lower than
302115% of the 331 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 16.00 vs. PBNY: -6.1 )
PBNY' s 10-Year EPS Growth (%) Range
Min: -15.6   Max: 17.4
Current: -6.1
-15.6
17.4
ยป PBNY's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

PBNY Guru Trades in Q2 2012

Prem Watsa 25,000 sh (New)
Columbia Wanger 1,296,000 sh (unchged)
Jim Simons 40,822 sh (-0.43%)
Private Capital 105,050 sh (-1.04%)
» More
Q3 2012

PBNY Guru Trades in Q3 2012

Prem Watsa 25,000 sh (unchged)
Columbia Wanger 1,296,000 sh (unchged)
Jim Simons Sold Out
Private Capital 83,350 sh (-20.66%)
» More
Q4 2012

PBNY Guru Trades in Q4 2012

Irving Kahn 1,088,672 sh (+0.51%)
Prem Watsa 25,000 sh (unchged)
Columbia Wanger 1,292,000 sh (-0.31%)
Private Capital 64,100 sh (-23.1%)
» More
Q1 2013

PBNY Guru Trades in Q1 2013

Prem Watsa 25,000 sh (unchged)
Columbia Wanger 1,292,000 sh (unchged)
Irving Kahn 1,085,341 sh (-0.31%)
Private Capital 62,500 sh (-2.5%)
» More
» Details

Insider Trades

Latest Guru Trades with PBNY

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Prem Watsa 2012-06-30 New Buy0.01%$7.26 - $8.75 $ 9.2117%25000
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 17.40
PBNY's P/E(ttm) is ranked lower than
69% of the 792 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 13.70 vs. PBNY: 17.40 )
PBNY' s 10-Year P/E(ttm) Range
Min: 11.27   Max: 47.66
Current: 17.4
11.27
47.66
P/B 0.80
PBNY's P/B is ranked higher than
63% of the 877 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.94 vs. PBNY: 0.80 )
PBNY' s 10-Year P/B Range
Min: 0.5   Max: 3.37
Current: 0.8
0.5
3.37
P/S 2.80
PBNY's P/S is ranked lower than
60% of the 896 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 2.48 vs. PBNY: 2.80 )
PBNY' s 10-Year P/S Range
Min: 1.78   Max: 7.12
Current: 2.8
1.78
7.12
EV-to-EBIT 26.3
PBNY's EV-to-EBIT is ranked lower than
73% of the 745 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 15.89 vs. PBNY: 26.3 )
PBNY' s 10-Year EV-to-EBIT Range
Min: 8   Max: 60.7
Current: 26.3
8
60.7
Shiller P/E 16.2
PBNY's Shiller P/E is ranked lower than
100% of the Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: vs. PBNY: 16.2 )
PBNY' s 10-Year Shiller P/E Range
Min: 10.45   Max: 49.11
Current: 16.2
10.45
49.11

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 2.60
PBNY's Dividend Yield is ranked higher than
58% of the 636 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 2.20 vs. PBNY: 2.60 )
PBNY' s 10-Year Dividend Yield Range
Min: 0.81   Max: 4.17
Current: 2.6
0.81
4.17
Dividend Payout 0.4524
PBNY's Dividend Payout is ranked lower than
65% of the 537 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.40 vs. PBNY: 0.4524 )
PBNY' s 10-Year Dividend Payout Range
Min: 0.2   Max: 0.77
Current: 0.45
0.2
0.77
Yield on cost (5-Year) 2.60
PBNY's Yield on cost (5-Year) is ranked higher than
59% of the 639 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 1.93 vs. PBNY: 2.60 )
PBNY' s 10-Year Yield on cost (5-Year) Range
Min: 0.81   Max: 4.17
Current: 2.6
0.81
4.17
Share Buyback Rate 0.3
PBNY's Share Buyback Rate is ranked lower than
78% of the 105 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.80 vs. PBNY: 0.3 )
PBNY' s 10-Year Share Buyback Rate Range
Min: 2.5   Max: -5.8
Current: 0.3

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 1.3
PBNY's Price/Tangible Book is ranked lower than
66% of the 798 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 1.10 vs. PBNY: 1.3 )
PBNY' s 10-Year Price/Tangible Book Range
Min: 0.8   Max: 3.2
Current: 1.3
0.8
3.2
Price/DCF (Projected) 0.7
PBNY's Price/DCF (Projected) is ranked lower than
67% of the 503 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.60 vs. PBNY: 0.7 )
PBNY' s 10-Year Price/DCF (Projected) Range
Min: 0.4   Max: 1.2
Current: 0.7
0.4
1.2
Price/Median PS Value 0.6
PBNY's Price/Median PS Value is ranked higher than
85% of the 854 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 1.00 vs. PBNY: 0.6 )
PBNY' s 10-Year Price/Median PS Value Range
Min: 0.4   Max: 1.3
Current: 0.6
0.4
1.3
Price/Graham Number 0.9
PBNY's Price/Graham Number is ranked lower than
58% of the 763 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 0.80 vs. PBNY: 0.9 )
PBNY' s 10-Year Price/Graham Number Range
Min: 0.8   Max: 2.1
Current: 0.9
0.8
2.1
Earnings Yield (Greenblatt) 3.80
PBNY's Earnings Yield (Greenblatt) is ranked lower than
73% of the 745 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 6.50 vs. PBNY: 3.80 )
PBNY' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.6   Max: 12.5
Current: 3.8
1.6
12.5
Forward Rate of Return (Yacktman) -3.3
PBNY's Forward Rate of Return (Yacktman) is ranked lower than
205339% of the 487 Companies
in the Global Savings & Cooperative Banks industry.

( Industry Median: 15.14 vs. PBNY: -3.3 )
PBNY' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.3   Max: 25.8
Current: -3.3
-2.3
25.8

Business Description

Provident New York Bancorp is a Delaware corporation that owns all of the outstanding shares of common stock of Provident Bank. The Company provides financial services to individuals and businesses in New York and New Jersey. The Company's business is mainly accepting deposits from customers through its banking offices and investing those deposits, together with funds generated from operations and borrowings into commercial real estate loans, commercial business loans, ADC loans, residential mortgages, consumer loans, and investment securities. Additionally, the Company offers investment management services. Provident Bank, an independent, full-service bank founded in 1888, is the principal bank subsidiary of the Company. Provident Bank offers a complete line of commercial, community business and retail banking products and services. The Company operates 37 full servicing banking offices consisting of 30 retail branches and 7 commercial banking centers which serve the Hudson Valley region. The loans which the Company originates in its general market are; mainly commercial real estate loans, multifamily real estate, commercial business loans, and are deemphasizing acquisition, development and construction loans. The Company also originates loans in its market area on a fixed-rate and adjustable-rate basis residential mortgage loans collateralized by one- to four-family residential real estate, and consumer loans such as home equity lines of credit, homeowner loans and personal loans. The Company originates real estate loans secured predominantly by first liens on commercial real estate. It makes various types of secured and unsecured commercial loans to customers in its market area for the purpose of financing equipment acquisition, expansion, working capital and other general business purposes. The terms of these loans generally range from less than one year to seven years. The Company offers conforming and non-conforming, fixed-rate and adjustable-rate residential mortgage loans with maturities of up to 30 years and maximum loan amounts generally up to $1.1 million that are fully amortizing with monthly or bi-weekly loan payments. The Company originates a variety of consumer and other loans, including homeowner loans, home equity lines of credit, new and used automobile loans, and personal unsecured loans, including fixed-rate installment loans and variable lines of credit. The Company offers a variety of deposit accounts with a range of interest rates and terms. Its deposit accounts consist of savings accounts, NOW accounts, checking accounts, money market accounts, club accounts, certificates of deposit and IRAs and other qualified plan accounts. The Company provides a variety of commercial checking accounts and other products for businesses. In addition, The Company provides low-cost checking account services for low-income customers. The Company faces significant competition in both originating loans and attracting deposits.
Company Website
SEC Reports
Industry: Savings & Cooperative Banks
Compare:OCN, HOME, PBCT, HCBK, ISBC
ยป More Articles for PBNY

Headlines

Articles On GuruFocus.com
Prem Watsa Buys 7 New Stocks Aug 15 2012 
New Picks from Prem Watsa: INMD, JAKK, PBNY, TWN, Adds to RIMM Aug 15 2012 
Provident New York Bancorp Reports Operating Results (10-K) Dec 13 2010 
Provident New York Bancorp (PBNY) President & CEO George Strayton sells 33,702 Shares Nov 24 2010 
Provident New York Bancorp (PBNY) President & CEO George Strayton sells 3,972 Shares Nov 22 2010 
Provident New York Bancorp Reports Operating Results (10-Q) Aug 06 2010 
Provident New York Bancorp Reports Operating Results (10-Q) May 07 2010 
Provident New York Bancorp Reports Operating Results (10-K) Dec 10 2009 
Provident New York Bancorp (PBNY) CEO George Strayton buys 9,947 Shares Nov 12 2009 
Private Capital Buys Covidien Ltd., Ultra Petroleum Corp, Zimmer Holdings Inc., Sells Center Bancorp Aug 25 2009 

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