NasdaqGM:OVBC

Stock Analysis Report

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Market Cap

US$118.7m

Last Updated

2021/07/28 02:05 UTC

Data Sources

Company Financials

Executive Summary

Ohio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services. More Details

Rewards

Trading at 30.1% below our estimate of its fair value

Earnings grew by 31.6% over the past year

Risk Analysis

No risks detected for OVBC from our risk checks.


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has Ohio Valley Banc's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: OVBC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: OVBC's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-0.2%

OVBC

1.3%

US Banks

1.3%

US Market


1 Year Return

23.5%

OVBC

58.6%

US Banks

37.8%

US Market

Return vs Industry: OVBC underperformed the US Banks industry which returned 58.6% over the past year.

Return vs Market: OVBC underperformed the US Market which returned 37.8% over the past year.


Shareholder returns

OVBCIndustryMarket
7 Day-0.2%1.3%1.3%
30 Day1.3%-4.9%0.5%
90 Day7.5%-4.2%2.3%
1 Year28.4%23.5%63.0%58.6%40.0%37.8%
3 Year-45.0%-49.3%18.7%8.5%63.8%53.5%
5 Year28.5%12.7%97.5%72.7%124.6%99.7%

Long-Term Price Volatility Vs. Market

How volatile is Ohio Valley Banc's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ohio Valley Banc undervalued compared to its fair value and its price relative to the market?

30.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: OVBC ($24.79) is trading below our estimate of fair value ($35.48)

Significantly Below Fair Value: OVBC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: OVBC is good value based on its PE Ratio (9.3x) compared to the US Banks industry average (11x).

PE vs Market: OVBC is good value based on its PE Ratio (9.3x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OVBC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OVBC is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.1x).


Future Growth

How is Ohio Valley Banc forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.2%

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 Ohio Valley Banc 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.


Past Performance

How has Ohio Valley Banc performed over the past 5 years?

8.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OVBC has high quality earnings.

Growing Profit Margin: OVBC's current net profit margins (24.9%) are higher than last year (19.8%).


Past Earnings Growth Analysis

Earnings Trend: OVBC's earnings have grown by 8.7% per year over the past 5 years.

Accelerating Growth: OVBC's earnings growth over the past year (31.6%) exceeds its 5-year average (8.7% per year).

Earnings vs Industry: OVBC earnings growth over the past year (31.6%) exceeded the Banks industry 29.7%.


Return on Equity

High ROE: OVBC's Return on Equity (9.3%) is considered low.


Financial Health

How is Ohio Valley Banc'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


Financial Institutions Analysis

Asset Level: OVBC's Assets to Equity ratio (8.9x) is low.

Allowance for Bad Loans: OVBC has a sufficient allowance for bad loans (112%).

Low Risk Liabilities: 95% of OVBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: OVBC has an appropriate level of Loans to Assets ratio (67%).

Low Risk Deposits: OVBC's Loans to Deposits ratio (80%) is appropriate.

Level of Bad Loans: OVBC has an appropriate level of bad loans (0.7%).


Dividend

What is Ohio Valley Banc current dividend yield, its reliability and sustainability?

3.39%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OVBC's dividend (3.39%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: OVBC's dividend (3.39%) is low compared to the top 25% of dividend payers in the US market (3.53%).


Stability and Growth of Payments

Stable Dividend: OVBC's dividends per share have been stable in the past 10 years.

Growing Dividend: OVBC's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.4%), OVBC'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

How experienced are the management team and are they aligned to shareholders interests?

9.2yrs

Average management tenure


CEO

Tom Wiseman (62 yo)

9.17yrs

Tenure

US$739,269

Compensation

Mr. Thomas E. Wiseman, also known as Tom, has been Chief Executive Officer of Ohio Valley Banc Corp. and Ohio Valley Bank Company since May 09, 2012. Mr. Wiseman served as President of Ohio Valley Banc Cor...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD739.27K) is above average for companies of similar size in the US market ($USD545.22K).

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


Leadership Team

Experienced Management: OVBC's management team is seasoned and experienced (9.2 years average tenure).


Board Members

Experienced Board: OVBC's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: OVBC insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Ohio Valley Banc Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ohio Valley Banc Corp.
  • Ticker: OVBC
  • Exchange: NasdaqGM
  • Founded: 1872
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$118.690m
  • Shares outstanding: 4.79m
  • Website: https://www.ovbc.com

Number of Employees


Location

  • Ohio Valley Banc Corp.
  • 420 Third Avenue
  • PO Box 240
  • Gallipolis
  • Ohio
  • 45631
  • United States

Listings


Biography

Ohio Valley Banc Corp. operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services. The company operates in two segments, Banki...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/28 02:05
End of Day Share Price2021/07/27 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.