Loading...

Ohio Valley Banc

Nasdaq:OVBC
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OVBC
Nasdaq
$177M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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 last earnings update was 64 days ago. More info.


Add to Portfolio Compare Print
OVBC Share Price and Events
7 Day Returns
1.6%
NasdaqGM:OVBC
-1%
US Banks
0.6%
US Market
1 Year Returns
-27.6%
NasdaqGM:OVBC
-6.5%
US Banks
4.1%
US Market
OVBC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ohio Valley Banc (OVBC) 1.6% -0.7% -6.5% -27.6% 69.5% 65.1%
US Banks -1% 2.4% -1.5% -6.5% 44.7% 46%
US Market 0.6% 3.8% 2.8% 4.1% 37.3% 42.5%
1 Year Return vs Industry and Market
  • OVBC underperformed the Banks industry which returned -6.5% over the past year.
  • OVBC underperformed the Market in United States of America which returned 4.1% over the past year.
Price Volatility
OVBC
Industry
5yr Volatility vs Market

Value

 Is Ohio Valley Banc undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ohio Valley Banc to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ohio Valley Banc.

NasdaqGM:OVBC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $23.27 * 7.1%
$1.66
Book Value of Equity per Share Median Book Value from the past 5 years. $23.27
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:OVBC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.594 (1 + (1- 21%) (26.69%))
0.812
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.812 * 5.96%)
7.57%

Discounted Cash Flow Calculation for NasdaqGM:OVBC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Ohio Valley Banc is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGM:OVBC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.1% – 7.57%) * $23.27)
$-0.11
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.11 / (7.57% - 2.73%)
$-2.19
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $23.27 + $-2.19
$21.08
NasdaqGM:OVBC Discount to Share Price
Calculation Result
Value per share (USD) From above. $21.08
Current discount Discount to share price of $37.23
= -1 x ($37.23 - $21.08) / $21.08
-76.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Ohio Valley Banc is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ohio Valley Banc's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ohio Valley Banc's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:OVBC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.06
NasdaqGM:OVBC Share Price ** NasdaqGM (2019-07-17) in USD $37.23
United States of America Banks Industry PE Ratio Median Figure of 593 Publicly-Listed Banks Companies 12.75x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ohio Valley Banc.

NasdaqGM:OVBC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:OVBC Share Price ÷ EPS (both in USD)

= 37.23 ÷ 2.06

18.04x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ohio Valley Banc is overvalued based on earnings compared to the US Banks industry average.
  • Ohio Valley Banc is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Ohio Valley Banc's expected growth come at a high price?
Raw Data
NasdaqGM:OVBC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
8%per year
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.28x
United States of America Market PEG Ratio Median Figure of 2,122 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ohio Valley Banc, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ohio Valley Banc's assets?
Raw Data
NasdaqGM:OVBC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $25.29
NasdaqGM:OVBC Share Price * NasdaqGM (2019-07-17) in USD $37.23
United States of America Banks Industry PB Ratio Median Figure of 593 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,241 Publicly-Listed Companies 1.81x
NasdaqGM:OVBC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:OVBC Share Price ÷ Book Value per Share (both in USD)

= 37.23 ÷ 25.29

1.47x

* Primary Listing of Ohio Valley Banc.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ohio Valley Banc is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Ohio Valley Banc's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Ohio Valley Banc has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Ohio Valley Banc, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ohio Valley Banc expected to grow at an attractive rate?
  • Ohio Valley Banc's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ohio Valley Banc's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Ohio Valley Banc's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:OVBC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:OVBC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 8%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 2.7%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:OVBC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:OVBC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 49 14 10
2018-12-31 52 18 12
2018-09-30 51 22 9
2018-06-30 50 19 9
2018-03-31 49 16 8
2017-12-31 49 14 8
2017-09-30 48 10 9
2017-06-30 46 11 7
2017-03-31 44 12 7
2016-12-31 42 13 7
2016-09-30 40 12 7
2016-06-30 41 13 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ohio Valley Banc's earnings are expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Ohio Valley Banc is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:OVBC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ohio Valley Banc Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:OVBC Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.06
2018-12-31 2.53
2018-09-30 1.91
2018-06-30 1.89
2018-03-31 1.63
2017-12-31 1.60
2017-09-30 1.85
2017-06-30 1.59
2017-03-31 1.63
2016-12-31 1.59
2016-09-30 1.61
2016-06-30 1.96

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ohio Valley Banc will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Ohio Valley Banc's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ohio Valley Banc has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ohio Valley Banc's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ohio Valley Banc's year on year earnings growth rate has been positive over the past 5 years.
  • Ohio Valley Banc's 1-year earnings growth exceeds its 5-year average (27.6% vs 2.8%)
  • Ohio Valley Banc's earnings growth has not exceeded the US Banks industry average in the past year (27.6% vs 40.8%).
Earnings and Revenue History
Ohio Valley Banc's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ohio Valley Banc Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:OVBC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 48.65 9.77 31.27
2018-12-31 51.63 11.94 31.41
2018-09-30 50.57 8.99 32.05
2018-06-30 49.79 8.89 31.22
2018-03-31 48.60 7.66 30.64
2017-12-31 48.60 7.51 30.02
2017-09-30 47.78 8.64 29.32
2017-06-30 45.80 7.34 29.07
2017-03-31 43.72 7.31 27.94
2016-12-31 41.74 6.92 26.69
2016-09-30 40.11 6.79 25.65
2016-06-30 41.02 8.08 24.88
2016-03-31 40.36 7.78 24.74
2015-12-31 41.00 8.57 24.52
2015-09-30 40.02 7.10 27.79
2015-06-30 41.13 8.20 26.57
2015-03-31 40.71 8.13 25.43
2014-12-31 40.49 8.07 24.52
2014-09-30 41.42 9.54 20.75
2014-06-30 39.10 7.86 20.86
2014-03-31 40.25 8.45 21.03
2013-12-31 40.31 8.11 23.82
2013-09-30 41.59 7.83 21.54
2013-06-30 41.28 7.88 21.32
2013-03-31 40.79 7.65 21.11
2012-12-31 39.53 7.05 20.96
2012-09-30 39.28 6.81 20.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ohio Valley Banc has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ohio Valley Banc used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Ohio Valley Banc improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Ohio Valley Banc's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ohio Valley Banc has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ohio Valley Banc's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Ohio Valley Banc's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ohio Valley Banc Company Filings, last reported 3 months ago.

NasdaqGM:OVBC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 120.35 46.08 74.96
2018-12-31 117.87 48.21 13.08
2018-09-30 113.84 49.01 67.43
2018-06-30 113.23 49.94 65.01
2018-03-31 111.21 51.10 145.98
2017-12-31 109.36 44.42 14.48
2017-09-30 109.96 45.28 52.22
2017-06-30 108.99 49.16 37.31
2017-03-31 107.65 47.79 113.34
2016-12-31 104.53 45.59 13.73
2016-09-30 105.79 44.17 63.56
2016-06-30 94.80 39.91 59.18
2016-03-31 93.63 36.63 140.77
2015-12-31 90.47 32.45 10.71
2015-09-30 89.96 32.76 65.88
2015-06-30 88.89 32.82 53.06
2015-03-31 89.28 33.15 116.80
2014-12-31 86.22 33.47 9.84
2014-09-30 85.96 32.64 40.66
2014-06-30 84.37 30.40 22.64
2014-03-31 83.42 28.66 95.60
2013-12-31 80.42 27.25 9.08
2013-09-30 79.05 27.49 32.90
2013-06-30 78.14 28.26 39.97
2013-03-31 78.55 22.95 115.37
2012-12-31 75.82 27.79 7.69
2012-09-30 75.64 33.60 61.85
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Ohio Valley Banc has an acceptable proportion of non-loan assets held.
  • Ohio Valley Banc's liabilities are made up of primarily low risk sources of funding.
  • Loans at Ohio Valley Banc are broadly funded by customer deposits.
  • Ohio Valley Banc's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Ohio Valley Banc has a low allowance for bad loans.
  • Ohio Valley Banc has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Ohio Valley Banc's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ohio Valley Banc has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.26%
Current annual income from Ohio Valley Banc dividends.
If you bought $2,000 of Ohio Valley Banc shares you are expected to receive $45 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ohio Valley Banc's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Ohio Valley Banc's dividend is below the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:OVBC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:OVBC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-16 0.840 2.235
2019-01-15 0.840 2.295
2018-10-16 0.840 2.372
2018-07-17 0.840 1.976
2018-04-17 0.840 1.696
2018-01-16 0.840 2.034
2017-10-17 0.840 2.208
2017-07-18 0.840 2.501
2017-04-18 0.840 2.533
2017-01-17 0.840 2.976
2016-10-18 0.840 3.319
2016-07-20 0.840 3.810
2016-04-19 0.840 3.826
2016-01-19 0.840 3.719
2015-10-20 0.840 3.439
2015-07-22 0.840 3.578
2015-04-21 0.840 3.708
2015-01-20 0.840 3.576
2014-10-22 0.840 3.512
2014-07-22 0.840 3.637
2014-04-22 0.840 3.758
2014-01-21 0.840 3.763
2013-10-15 0.840 3.897
2013-07-16 0.840 4.001
2013-04-16 0.840 4.040
2012-11-27 0.840 4.525
2012-10-16 0.840 4.538
2012-07-17 0.840 4.450
2012-04-17 0.840 4.314
2012-01-24 0.840 4.556
2011-10-18 0.840 4.614
2011-07-22 0.840 4.937
2011-04-25 0.840 4.645
2011-03-16 0.840 3.988
2011-01-26 0.840 4.157
2010-11-09 0.840 4.294
2010-10-19 0.840 4.447
2010-08-09 0.840 4.347
2010-07-15 0.840 4.479
2010-01-20 0.840 4.143
2010-01-19 0.800 3.870
2009-11-09 0.800 3.636
2009-10-19 0.800 3.449
2009-08-10 0.800 2.929
2009-07-16 0.800 2.710
2009-01-23 0.800 3.391
2009-01-16 0.760 3.948
2008-11-07 0.760 3.979
2008-10-20 0.760 4.010
2008-08-11 0.760 3.457

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Ohio Valley Banc's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x 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.
X
Income/ dividend checks
We assess Ohio Valley Banc's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ohio Valley Banc afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ohio Valley Banc has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ohio Valley Banc's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Wiseman
COMPENSATION $810,376
AGE 60
TENURE AS CEO 7.2 years
CEO Bio

Mr. Thomas E. Wiseman, also known as Tom, has been the Chief Executive Officer of Ohio Valley Banc Corp. and Ohio Valley Bank Company since May 09, 2012. Mr. Wiseman served as the President of Ohio Valley Banc Corp. and Ohio Valley Bank Company from January 1, 2012 to May 15, 2019. He has been Director of Ohio Valley Banc Corp. and Ohio Valley Bank Company since 1992. He served as President and Chief Operating Officer (COO) of the Ohio Valley Banc Corp. from January 2010 until May 2012. Mr. Wiseman is also President of the Company’s subsidiary, Ohio Valley Financial Services Agency, LLC, since March 2010. From 1980 until becoming President and COO of the Ohio Valley Banc Corp., Mr. Wiseman served as President of The Wiseman Agency, Inc., a successful insurance and financial services Ohio Valley Banc Corp. and one of the largest independent insurance agencies by premium volume in southern Ohio and northwestern West Virginia. Mr. Wiseman has over 30 years of risk management experience, working with a variety of businesses from small retail stores to nationally recognized companies. He has extensive experience in analyzing risk both on the balance sheet as well as the income statement. Mr. Wiseman has served as the past president of the Independent Insurance Agents of Ohio, Gallia County Area Chamber of Commerce, Gallipolis Rotary Club, and Gallia County Community Improvement Corporation, of which he is currently a member. He has been a past director of the Independent Insurance Agents and Brokers of America, Southeastern Ohio Regional Council, University of Rio Grande (Emerson E. Evans School of Business), Century Surety Insurance Company, French Art Colony and Holzer Vanguard. Mr. Wiseman has been the past chairman of the United Way of Gallia County. Presently, he serves on the Ohio Bankers League Board and the Holzer Health System Board. Mr. Wiseman served as the Company's Lead Independent Director from 2005 until 2010.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tom's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ohio Valley Banc management team in years:

14.6
Average Tenure
59
Average Age
  • The average tenure for the Ohio Valley Banc management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tom Wiseman

TITLE
CEO & Director
COMPENSATION
$810K
AGE
60
TENURE
7.2 yrs

Larry Miller

TITLE
President
COMPENSATION
$423K
AGE
55
TENURE
0.2 yrs

Scott Shockey

TITLE
Senior VP & CFO
COMPENSATION
$242K
AGE
49
TENURE
14.6 yrs

Katrinka Hart-Harris

TITLE
Senior Vice President
COMPENSATION
$242K
AGE
60
TENURE
24.5 yrs

Tom Shepherd

TITLE
VP & Secretary
AGE
52

Mario Liberatore

TITLE
Vice President
AGE
73

Cindy Johnston

TITLE
Assistant Secretary
AGE
58
TENURE
24.5 yrs

Jennifer Osborne

TITLE
Vice President
AGE
66
TENURE
15.5 yrs

Bryan Martin

TITLE
Vice President

Frank Davison

TITLE
Vice President
TENURE
8.6 yrs
Board of Directors Tenure

Average tenure and age of the Ohio Valley Banc board of directors in years:

8.3
Average Tenure
60
Average Age
  • The tenure for the Ohio Valley Banc board of directors is about average.
Board of Directors

Jeff Smith

TITLE
Chairman of the Board
COMPENSATION
$418K
AGE
69
TENURE
7.2 yrs

Tom Wiseman

TITLE
CEO & Director
COMPENSATION
$810K
AGE
60
TENURE
27.5 yrs

Larry Miller

TITLE
President
COMPENSATION
$423K
AGE
55
TENURE
0.2 yrs

Anna Barnitz

TITLE
Director
COMPENSATION
$74K
AGE
56
TENURE
16.5 yrs

Brent Saunders

TITLE
Director
COMPENSATION
$99K
AGE
61
TENURE
16.5 yrs

Dave Thomas

TITLE
Lead Independent Director
COMPENSATION
$97K
AGE
63
TENURE
9.5 yrs

Harold Howe

TITLE
Director
COMPENSATION
$90K
AGE
69
TENURE
14.5 yrs

Brent Eastman

TITLE
Director
COMPENSATION
$34K
AGE
56
TENURE
3.3 yrs

Kimberly Canady

TITLE
Director
COMPENSATION
$39K
AGE
60
TENURE
2.4 yrs

Edward Robbins

TITLE
Director
COMPENSATION
$35K
AGE
56
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Ohio Valley Banc individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. May 19 Buy Anna Barnitz Individual 10. May 19 10. May 19 40 $37.20 $1,500
22. Feb 19 Buy Anna Barnitz Individual 21. Feb 19 21. Feb 19 40 $37.53 $1,500
21. Feb 19 Buy Kimberly Canady Individual 15. Feb 19 15. Feb 19 265 $37.94 $10,053
15. Nov 18 Buy Bryan Stepp Individual 10. Aug 18 10. Aug 18 2 $50.15 $93
15. Nov 18 Buy Anna Barnitz Individual 14. Nov 18 14. Nov 18 39 $38.27 $1,500
04. Sep 18 Sell Jeffrey Smith Individual 30. Aug 18 30. Aug 18 0 $44.91 $-13
23. Aug 18 Sell John Jones Individual 22. Aug 18 22. Aug 18 -472 $47.00 $-22,184
23. Aug 18 Sell John Jones Individual 21. Aug 18 21. Aug 18 -747 $47.00 $-35,109
17. Aug 18 Sell John Jones Individual 15. Aug 18 16. Aug 18 -15,966 $49.94 $-769,443
14. Aug 18 Buy Anna Barnitz Individual 10. Aug 18 10. Aug 18 31 $49.09 $1,500
X
Management checks
We assess Ohio Valley Banc's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ohio Valley Banc has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Percentage Of Ohio Valley Banc Corp. (NASDAQ:OVBC) Shares Do Insiders Own?

A look at the shareholders of Ohio Valley Banc Corp. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Ohio Valley Banc is a smaller company with a market capitalization of US$173m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Who Has Been Selling Ohio Valley Banc Corp. (NASDAQ:OVBC) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Ohio Valley Banc Corp. … Ohio Valley Banc Insider Transactions Over The Last Year. … In total, Ohio Valley Banc insiders sold more than they bought over the last year

Simply Wall St -

Should Ohio Valley Banc Corp. (NASDAQ:OVBC) Be Part Of Your Dividend Portfolio?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Let's take a look at Ohio Valley Banc in more detail. … See our latest analysis for Ohio Valley Banc

Simply Wall St -

Ohio Valley Banc Shareholders Booked A 59% Gain In The Last Three Years

(NASDAQ:OVBC) shareholders have seen the share price rise 59% over three years, well in excess of the market return (40%, not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During three years of share price growth, Ohio Valley Banc achieved compound earnings per share growth of 6.7% per year.

Simply Wall St -

Don't Sell Ohio Valley Banc Corp. (NASDAQ:OVBC) Before You Read This

We'll show how you can use Ohio Valley Banc Corp.'s (NASDAQ:OVBC) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Ohio Valley Banc's P/E ratio is 15.61. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Our Take On Ohio Valley Banc Corp.'s (NASDAQ:OVBC) CEO Salary

First, this article will compare CEO compensation with compensation at similar sized companies. … Check out our latest analysis for Ohio Valley Banc … How Does Tom Wiseman's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Should You Be Concerned About Ohio Valley Banc Corp.’s (NASDAQ:OVBC) Risks?

As a small-cap bank with a market capitalisation of US$179m, Ohio Valley Banc Corp.’s (NASDAQ:OVBC) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Ohio Valley Banc’s bottom line. … Looking through a risk-lens is a useful way to assess the attractiveness of Ohio Valley Banc's a stock investment.

Simply Wall St -

Should You Be Concerned About Ohio Valley Banc Corp’s (NASDAQ:OVBC) Liquidity?

Ohio Valley Banc Corp’s (NASDAQ:OVBC) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$166m. … Given that banks operate by reinvesting deposits in the form of loans, negative economic growth may lower the level of saving deposits and demand for loans, directly affecting those banks’ levels of cash flows. … Low levels of leverage coupled with sufficient liquidity may place Ohio Valley Banc in a safe position in the face of adverse headwinds.

Simply Wall St -

Should Ohio Valley Banc Corp (NASDAQ:OVBC) Be Part Of Your Dividend Portfolio?

Historically, Ohio Valley Banc Corp (NASDAQ:OVBC) has paid dividends to shareholders, and these days it yields 2.3%. … Let's take a look at Ohio Valley Banc in more detail. … View our latest analysis for Ohio Valley Banc

Simply Wall St -

Should We Worry About Ohio Valley Banc Corp's (NASDAQ:OVBC) P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Ohio Valley Banc Corp's (NASDAQ:OVBC) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

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, Banking and Consumer Finance. It accepts various deposit products, including checking, savings, time, and money market accounts, as well as individual retirement accounts, demand deposits, NOW accounts, and certificates of deposit. The company also provides various residential real estate loans, including one-to four-family residential mortgages; commercial loans for securing equipment, inventory, stock, commercial real estate, and rental property; and consumer loans secured by automobiles, mobile homes, recreational vehicles, and other personal property, as well as personal loans, unsecured credit card receivables, floor plan and student loans, and construction loans. In addition, it offers safe deposit boxes, wire transfers, credit card services, and Internet banking services; and financial management online services, such as cash management and news updates related to repossession auctions, current rates, and general bank news. Further, the company provides automatic teller machine (ATM) services, consumer finance, seasonal tax refund loan services, and commercial property and various liability insurance services, as well as trust services. As of January 29, 2019, it operated 19 offices in Ohio and West Virginia; and Loan Central with 6 consumer finance offices in Ohio. The company owns and operates 37 ATMs, including 20 off-site ATMs. Ohio Valley Banc Corp. was founded in 1872 and is headquartered in Gallipolis, Ohio.

Details
Name: Ohio Valley Banc Corp.
OVBC
Exchange: NasdaqGM
Founded: 1872
$177,164,874
4,758,659
Website: http://www.ovbc.com
Address: Ohio Valley Banc Corp.
420 Third Avenue,
PO Box 240,
Gallipolis,
Ohio, 45631,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM OVBC Common Stock Nasdaq Global Market US USD 31. Oct 1994
Number of employees
Current staff
Staff numbers
300
Ohio Valley Banc employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 23:44
End of day share price update: 2019/07/17 00:00
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.