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Last $23.08 USD
Change Today -0.62 / -2.62%
Volume 32.9K
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

first west virginia bancorp (FWV) Snapshot

Open
$23.60
Previous Close
$23.70
Day High
$23.66
Day Low
$22.51
52 Week High
02/24/15 - $24.55
52 Week Low
04/28/14 - $17.52
Market Cap
39.7M
Average Volume 10 Days
15.0K
EPS TTM
$1.11
Shares Outstanding
1.7M
EX-Date
02/26/15
P/E TM
20.8x
Dividend
$0.80
Dividend Yield
3.47%
Current Stock Chart for FIRST WEST VIRGINIA BANCORP (FWV)

first west virginia bancorp (FWV) Related Businessweek News

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first west virginia bancorp (FWV) Details

First West Virginia Bancorp, Inc. operates as the holding company for Progressive Bank, National Association, which provides a range of consumer and commercial banking products and services to individuals, businesses, professionals, and governments. The company offers various deposit accounts, including non-interest bearing demand checking accounts, interest bearing checking, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, and Christmas club accounts. It also provides loans secured by real estate to consumers and businesses; and commercial and general consumer loans to individuals. The company operates nine full service branches located in Wheeling, Wellsburg, Moundsville, New Martinsville, Buckhannon, and Weston, West Virginia and Bellaire, Ohio. First West Virginia Bancorp, Inc. was founded in 1973 and is based in Wheeling, West Virginia.

96 Employees
Last Reported Date: 03/27/15
Founded in 1973

first west virginia bancorp (FWV) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: --
Chief Administrative Officer, Chief Financial...
Total Annual Compensation: $137.8K
Chief Operating Officer, Vice President, Inve...
Total Annual Compensation: $106.0K
Compensation as of Fiscal Year 2013.

first west virginia bancorp (FWV) Key Developments

William G. Petroplus to Serve as President and Chief Executive Officer of First West Virginia Bancorp Inc., Effective March 25, 2015 from Interim President and Chief Executive Officer

The Board of Directors of First West Virginia Bancorp Inc. announced that William G. Petroplus will serve as the President and Chief Executive Officer, effective March 25, 2015. Mr. Petroplus has been previously serving as the Interim President and Chief Executive Officer of the Company and its subsidiary bank since December 21, 2013. Mr. Petroplus has served on the Company's Board of Directors since 1998. Prior to his appointment on December 21, 2013, Mr. Petroplus previously served as Chairman of the Nominating Committee and was a member of the Corporate Governance/Human Resource Compensation Committee.

First West Virginia Bancorp Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

First West Virginia Bancorp reported earnings results for the fourth quarter and year ended December 31, 2014. The company reported net income of $1,903,905 or $1.11 per share for the year ended December 31, 2014 as compared to $2,241,048 or $1.30 per share for the year ended December 31, 2013. The decrease in net income during 2014 over 2013 of $337,143 or 15.0% was primarily the result of the increase in the provision for loan losses, increase in noninterest expense, and change in income tax benefit to income tax expense, offset in part by an increase in net interest income and noninterest income. Net interest income increased $261,894 or 3.3% in 2014 as compared to 2013 primarily due to the increase in the interest earned on investment securities and the decrease in the interest expense paid on interest bearing liabilities, offset in part by the decrease in the interest earned on loans. The return on average assets was 0.57% and 0.71% as of December 31, 2014 and 2013, respectively. The return on average equity was 5.64% and 6.87% at December 31, 2014 and 2013, respectively. Net income for the fourth quarter of 2014 was reported at $146,135 or $0.09 per share, as compared to $1,054,325 or $0.61 per share reported for the same period a year earlier. The decrease in earnings during the fourth quarter of 2014 compared to 2013 was primarily attributed to the increase in the provision for loan losses, the decrease in noninterest income, and the increase in noninterest expense, offset in part by the slight increase in net interest income and the slight decrease in income tax expense. Net interest income increased primarily due to the decline in the interest expense paid on interest bearing liabilities, offset in part by the decrease in the interest earned on investment securities and loans.

First West Virginia Bancorp Inc. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

First West Virginia Bancorp Inc. reported earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income of $146,000 or $0.09 per share against $1,054,000 or $0.61 per share a year ago. Return on average assets was 0.17% against 1.22% a year ago. Return on average equity was 1.70% against 12.75% a year ago. For the year, the company reported net income of $1,904,000 or $1.11 per share against $2,241,000 or $1.30 per share a year ago. Return on average assets was 0.57% against 0.71% a year ago. Return on average equity was 5.64% against 6.87% a year ago. The decrease in net income during 2014 over 2013 of $337,143 or 15.0% was primarily the result of the increase in the provision for loan losses, increase in noninterest expense, and change in income tax benefit to income tax expense, offset in part by an increase in net interest income and noninterest income.

 

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FWV:US $23.08 USD -0.62

FWV Competitors

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Company Last Change
Bank of the James Financial Group Inc $10.55 USD 0.00
Cordia Bancorp Inc $3.80 USD +0.05
Emclaire Financial Corp $25.96 USD +0.1603
Glen Burnie Bancorp $12.56 USD 0.00
Southwest Georgia Financial Corp $13.60 USD -0.19
View Industry Companies
 

Industry Analysis

FWV

Industry Average

Valuation FWV Industry Range
Price/Earnings 21.4x
Price/Sales 4.1x
Price/Book 1.2x
Price/Cash Flow 21.4x
TEV/Sales NM Not Meaningful
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