OTCPK:FBVA

Stock Analysis Report

Executive Summary

Farmers Bankshares, Inc. operates as the bank holding company of Farmers Bank that provides various banking services to small and mid-sized businesses, professionals, corporate executives, and entrepreneurs primarily in southeastern Virginia.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Risks

  • Farmers Bankshares is not covered by any analysts.

Similar Companies

Share Price & News

How has Farmers Bankshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.06%

OTCPK:FBVA

2.4%

US Banks

2.9%

US Market


1 Year Return

-10.3%

OTCPK:FBVA

-14.8%

US Banks

0.2%

US Market

FBVA outperformed the Banks industry which returned -15.3% over the past year.

FBVA underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

FBVAIndustryMarket
7 Day-0.06%2.4%2.9%
30 Day-0.2%-6.3%-2.3%
90 Day-2.8%-2.1%3.1%
1 Year-8.0%-10.3%-12.4%-14.8%2.4%0.2%
3 Year38.7%29.7%41.7%32.0%41.7%32.4%
5 Year150.7%126.2%52.2%35.7%55.1%37.9%

Price Volatility Vs. Market

How volatile is Farmers Bankshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Farmers Bankshares undervalued based on future cash flows and its price relative to the stock market?

8%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Farmers Bankshares's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Farmers Bankshares's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Farmers Bankshares is good value based on earnings compared to the US Banks industry average.

Farmers Bankshares is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Farmers Bankshares, we can't assess if its growth is good value.


Price Based on Value of Assets

Farmers Bankshares is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Farmers Bankshares expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Farmers Bankshares is high growth as no revenue estimate data is available.

Farmers Bankshares's earnings are expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).

Unable to compare Farmers Bankshares's revenue growth to the United States of America market average as no estimate data is available.

Farmers Bankshares's earnings growth is positive but not above the United States of America market average.

Farmers Bankshares's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Farmers Bankshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Farmers Bankshares performed over the past 5 years?

10.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Farmers Bankshares's year on year earnings growth rate has been positive over the past 5 years.

Farmers Bankshares's 1-year earnings growth is less than its 5-year average (8.2% vs 10.9%)

Farmers Bankshares's earnings growth has not exceeded the US Banks industry average in the past year (8.2% vs 33.2%).


Return on Equity

Farmers Bankshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Farmers Bankshares used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Farmers Bankshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

  • Explore strong past performing companies in the Banks industry.

Financial Health

How is Farmers Bankshares'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Farmers Bankshares has an acceptable proportion of non-loan assets held.

Farmers Bankshares has a sufficient allowance for bad loans.

Farmers Bankshares's liabilities are made up of primarily low risk sources of funding.

Farmers Bankshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Farmers Bankshares are broadly funded by customer deposits.

Farmers Bankshares has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Farmers Bankshares's current dividend yield, its reliability and sustainability?

2.51%

Current Dividend Yield


Dividend Yield and Payments Analysis

Farmers Bankshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Farmers Bankshares's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Whilst dividend payments have been stable, Farmers Bankshares has been paying a dividend for less than 10 years.

Dividend payments have increased, but Farmers Bankshares only paid a dividend in the past 5 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.8x 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.


Next Steps

Management

What is the CEO of Farmers Bankshares's salary, the management and board of directors tenure and is there insider trading?

12.6yrs

Average board tenure


CEO

Dick Holland (66yo)

26.6yrs

Tenure

0

Mr. Richard J. Holland, Jr., has been the Chief Executive Officer of Farmers Bankshares, Inc. and Farmers Bank since 1993. Mr. Holland has been a Director of Farmers Bankshares, Inc. since 1982. He has bee ...


Board Age and Tenure

12.6yrs

Average Tenure

62yo

Average Age

The average tenure for the Farmers Bankshares board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Vernon Towler (58yo)

    President & Director

    • Tenure: 3.6yrs
  • Kristy DeJarnette

    Executive VP & CFO

    • Tenure: 0.0yrs
  • Dick Holland (66yo)

    Chairman & CEO

    • Tenure: 26.6yrs
  • Patty Allen

    Senior VP & Director of Operations

    • Tenure: 0.0yrs
  • Kathy Bryant

    Senior VP and Director of Human Resources & Retail Administration

    • Tenure: 0.0yrs
  • Pete Carr

    Senior VP & Director of Financial Services

    • Tenure: 0.0yrs
  • Chad Rountree

    Senior VP & Western Tidewater Market Executive

    • Tenure: 0.0yrs
  • Thomas Woodward

    Executive VP & Chief Lending Officer

    • Tenure: 0.0yrs
  • Susan Boone

    Executive Assistant & Corporate Secretary

    • Tenure: 0.0yrs

Board Members

  • Peter Pruden (74yo)

    Director of Farmers Bank

    • Tenure: 0.0yrs
  • Vernon Towler (58yo)

    President & Director

    • Tenure: 3.6yrs
  • Dick Holland (66yo)

    Chairman & CEO

    • Tenure: 26.6yrs
  • George Alphin (61yo)

    Director

    • Tenure: 12.6yrs
  • William Gwaltney (63yo)

    Director

    • Tenure: 0.0yrs
  • David Owen (57yo)

    Director

    • Tenure: 6.6yrs
  • William Riddick (59yo)

    Director

    • Tenure: 12.6yrs
  • Kent Spain (65yo)

    Director

    • Tenure: 14.6yrs

Company Information

Farmers Bankshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Farmers Bankshares, Inc.
  • Ticker: FBVA
  • Exchange: OTCPK
  • Founded: 1919
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$53.516m
  • Shares outstanding: 3.06m
  • Website: https://www.farmersbankva.com

Location

  • Farmers Bankshares, Inc.
  • 50 East Windsor Boulevard
  • PO BOX 285
  • Windsor
  • Virginia
  • 23487
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FBVAOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2003

Biography

Farmers Bankshares, Inc. operates as the bank holding company of Farmers Bank that provides various banking services to small and mid-sized businesses, professionals, corporate executives, and entrepreneur ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:54
End of Day Share Price2019/08/20 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.