First West Virginia Bancorp, Inc. is an AMEX listed security that has been trading in a range between $18.70 and $20.90 over the past year. With 1,528,440 shares outstanding, a recent price of $19.50 gives a total market capitalization of $29,835,149. While there are certainly larger companies, First West Virginia Bancorp, Inc. has definitely earned its place in the pack. Last year, First West Virginia Bancorp, Inc. created $1.28 in earnings for every share outstanding.
First West Virginia Bancorp, Inc. is currently priced by the market at 15.20 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share in excess of $1 a share, First West Virginia Bancorp, Inc. could be an interesting value proposition.
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