Croghan Bancshares, Inc. (CHBH)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Croghan Bancshares, Inc. (CHBH) trades at $61.10 with AI Score 48/100 (Grade C). Croghan Bancshares, Inc. is a financial holding company operating Croghan Colonial Bank, offering commercial and retail banking services in Ohio. Market cap: $123.09M, Sector: Financial services.
Price live · AI analysis from Mar 18, 2026Analyst Coverage for CHBH: CHBH does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates CHBH against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
CHBH: the 1 perspectives are evenly split.
How is this calculated? →Croghan Bancshares, Inc. (CHBH) Financial Services Profile
Croghan Bancshares, Inc., established in 1888, serves Ohio with commercial and retail banking through Croghan Colonial Bank. With a $123.09M market cap and a 4.21% dividend yield, the company offers diverse financial services, operating 19 banking centers, and competes with regional banks in a consolidating market.
What Is the Investment Thesis for CHBH?
Croghan Bancshares, Inc. presents a compelling investment case based on its established presence in the Ohio banking market and its diverse range of financial services. The company's attractive 4.21% dividend yield offers income potential for investors. With a P/E ratio of 9.2, the valuation suggests potential undervaluation relative to peers. Growth catalysts include expanding commercial lending activities and enhancing digital banking platforms to attract and retain customers. However, investors may want to evaluate risks like competition from larger regional banks and the impact of interest rate fluctuations on net interest margin. The company's ability to maintain its 18.1% profit margin and adapt to evolving regulatory requirements will be crucial for sustained profitability.
Based on FMP financials and quantitative analysis
CHBH Key Highlights
- Market capitalization of $123.09M reflects its size within the regional banking sector.
- P/E ratio of 9.2 indicates a potentially attractive valuation compared to industry averages.
- Profit margin of 18.1% demonstrates efficient operations and profitability.
- Gross margin of 52.2% suggests strong pricing power and cost management.
- Dividend yield of 4.21% provides a significant income stream for investors.
Who Are CHBH's Competitors?
CHBH is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AMBK American Bank Incorporated | $18.50 | -11.90% | $117.10M | 47 |
| CWBK CW Bancorp | $39.99 | +2.41% | $117.18M | 52 |
| DIMC Dimeco, Inc. | $57.00 | +0.00% | $144.98M | 52 |
| FFDF FFD Financial Corporation | $45.01 | -0.02% | $132.73M | 47 |
| FKYS First Keystone Corporation | $18.49 | +0.00% | $115.97M | 54 |
| MCHB Mechanics Bank | $16.21 | +0.31% | 4B | 71 |
| STLE Steele Bancorp Inc. | $43.05 | -0.67% | $80.01M | 69 |
| NASB NASB Financial, Inc. | $40.30 | +0.00% | $289.22M | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are CHBH's Key Strengths?
- Established presence in the Ohio banking market.
- Diverse range of financial services.
- Strong community relationships.
- Experienced management team.
What Are CHBH's Weaknesses?
- Limited geographic footprint compared to larger regional banks.
- Dependence on interest income.
- Exposure to economic conditions in Ohio.
- OTC market trading limits liquidity.
What Could Drive CHBH Stock Higher?
- Potential expansion of digital banking services to attract younger demographics by Q4 2026.
- Continued focus on commercial lending growth in the Ohio region.
- Efforts to improve operational efficiency and reduce costs.
What Are the Key Risks for CHBH?
- Financial-distress signal — its Altman Z-Score of -0.58 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Increased competition from larger regional and national banks.
- Impact of interest rate fluctuations on net interest margin.
- Regulatory changes and compliance costs.
- Economic downturn in Ohio affecting loan performance.
- Limited liquidity due to OTC market trading.
What Are the Growth Opportunities for CHBH?
- Expansion of Commercial Lending: Croghan Bancshares can capitalize on the growing demand for commercial loans among small and medium-sized businesses in Ohio. By offering tailored financing solutions and building strong relationships with local businesses, the bank can increase its loan portfolio and generate higher interest income. The market for small business loans in Ohio is estimated to be worth several billion dollars, providing a significant growth opportunity for Croghan Bancshares.
- Enhancement of Digital Banking Platform: Investing in a user-friendly and feature-rich digital banking platform can attract and retain tech-savvy customers. By offering mobile banking, online bill pay, and other digital services, Croghan Bancshares can improve customer satisfaction and reduce operational costs. The digital banking market is expected to grow significantly in the coming years, driven by increasing adoption of smartphones and online banking services.
- Strategic Acquisitions: Croghan Bancshares can pursue strategic acquisitions of smaller community banks or financial service providers to expand its geographic footprint and service offerings. Acquisitions can provide access to new markets, customers, and technologies, accelerating the company's growth and increasing its market share. The regional banking sector is ripe for consolidation, presenting opportunities for Croghan Bancshares to acquire undervalued assets.
- Wealth Management Services: Expanding wealth management services, including retirement planning, investment management, and trust services, can generate fee income and diversify the company's revenue streams. By offering personalized financial advice and investment solutions, Croghan Bancshares can attract high-net-worth individuals and families. The wealth management market is growing rapidly, driven by increasing affluence and demand for financial planning services.
- Focus on Niche Markets: Targeting niche markets, such as agricultural lending or healthcare financing, can provide a competitive advantage and attract specialized customers. By developing expertise in specific industries, Croghan Bancshares can offer tailored financial solutions and build strong relationships with customers in those markets. The agricultural sector in Ohio is a significant market, providing opportunities for Croghan Bancshares to expand its agricultural lending portfolio.
What Opportunities Does CHBH Have?
- Expansion of commercial lending activities.
- Enhancement of digital banking platform.
- Strategic acquisitions of smaller banks.
- Growth in wealth management services.
What Threats Does CHBH Face?
- Competition from larger regional and national banks.
- Impact of interest rate fluctuations.
- Regulatory changes and compliance costs.
- Economic downturn in Ohio.
What Are CHBH's Competitive Advantages?
- Established community presence and brand recognition in Ohio.
- Strong relationships with local businesses and customers.
- Experienced management team with deep knowledge of the regional banking market.
- Diverse range of financial services catering to various customer needs.
What Does CHBH Do?
Croghan Bancshares, Inc., established in 1888, functions as the holding company for Croghan Colonial Bank, a state-chartered bank providing a comprehensive suite of commercial and retail banking services to individuals and businesses throughout Ohio. The bank's origins trace back to serving the local agricultural community, gradually expanding its offerings to meet the evolving financial needs of the region. Croghan Colonial Bank offers a variety of deposit accounts, including checking, savings, money market accounts, certificates of deposit, IRAs, time deposit accounts, and health savings accounts. Its loan portfolio is diverse, encompassing agricultural, real estate, mortgage, personal, auto, boat, RV, motorcycle, and home equity loans, as well as small business, commercial real estate, business succession, and equipment loans, along with business lines of credit. Beyond traditional banking services, Croghan Colonial Bank provides equipment leasing, trust and investment management services, including retirement, financial, and legacy planning. The bank also offers fraud protection, investment products like annuities and college savings plans, and insurance products. Customers benefit from overdraft protection, credit and debit cards, online and mobile banking, e-statements, bill pay, mobile deposits, merchant services, safe deposit boxes, and remote deposit capture. Croghan Bancshares operates through 19 banking centers located in various Ohio communities, including Bellevue, Clyde, Fremont, and Norwalk. The company's strategy focuses on maintaining a strong community presence while adapting to the changing financial landscape through technology and expanded service offerings.
What Products and Services Does CHBH Offer?
- Offers checking and savings accounts to individuals and businesses.
- Provides mortgage, auto, and personal loans.
- Provides commercial real estate and business loans.
- Offers online and mobile banking services.
- Provides trust and investment management services.
- Offers insurance products.
- Provides credit and debit cards.
How Does CHBH Make Money?
- Generates revenue from interest income on loans.
- Earns fees from deposit accounts and other services.
- Provides trust and investment management services for fees.
- Offers insurance products for commissions.
What Industry Does CHBH Operate In?
Croghan Bancshares operates within the regional banking sector, which is characterized by increasing consolidation and competition from larger national banks and fintech companies. The industry is influenced by factors such as interest rate movements, regulatory changes, and technological advancements. Regional banks like Croghan Bancshares must adapt to changing customer preferences by investing in digital banking solutions and offering specialized services to maintain their market share. The market is seeing growth in digital banking, with customers demanding more convenient and accessible financial services.
Who Are CHBH's Key Customers?
- Individuals seeking personal banking services.
- Small businesses requiring loans and deposit accounts.
- Commercial clients needing financing for real estate and equipment.
- High-net-worth individuals seeking wealth management services.
ROE 10%Key Financial Metrics
Return on equity for Croghan Bancshares, Inc. stands at 9.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.0%, showing how much profit it generates from its asset base. CHBH trades at a trailing price-to-earnings ratio of 9.25, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.04 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 10.6%, the inverse of the P/E and a quick read on earnings relative to price.
Croghan Bancshares, Inc. (CHBH) Valuation Context
Valued at $123.09M, CHBH is classified as a micro-cap stock. Relative to its peer group, CHBH's quantitative score of 48/100 is roughly in line with the peer average of 50/100.
Company Profile
Croghan Bancshares, Inc. operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Fremont, US. The company is led by CEO Kendall W. Rieman. CHBH has traded publicly since 1999.
F-Score 3/9Financial Health
Croghan Bancshares, Inc.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -0.58 places it in the distress zone, a signal of elevated financial risk.
CHBH Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Croghan Bancshares seems to be maintaining a solid local presence, which resonates well with the community. This could translate to sustained customer loyalty.
- Recent insider activity suggests confidence, as some key personnel have increased their holdings. This is often interpreted as a positive signal.
- The overall sentiment within the community appears cautiously optimistic about the bank's role in supporting local businesses. This positive perception can be a strong asset.
- Croghan's focus on community banking could shield it somewhat from the volatility affecting larger, more diversified financial institutions.
Bear Case
- Community sentiment indicates some concern about the impact of rising interest rates on local borrowers. This could lead to increased loan defaults.
- Market perception suggests that smaller banks like Croghan might face challenges competing with larger institutions in terms of technology and service offerings.
- There's a prevailing view within the community that the bank's growth potential is limited by its geographic focus. Expansion opportunities may be restricted.
- Recent market developments suggest increased regulatory scrutiny for regional banks, potentially impacting Croghan's operational costs and compliance requirements.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
CHBH Latest News
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Stocks That Hit 52-Week Lows On Tuesday
· Mar 24, 2020
CHBH Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for CHBH.
Price Targets
Wall Street price target analysis for CHBH.
CHBH MoonshotScore
What does this score mean?
The MoonshotScore rates CHBH's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Kendall W. Rieman
CEO
Kendall W. Rieman serves as the CEO of Croghan Bancshares, Inc., bringing extensive experience in the financial services industry. His career spans various leadership roles within the banking sector, with a focus on community banking and regional development. Rieman's background includes expertise in strategic planning, risk management, and customer relationship management. He is actively involved in community initiatives and serves on various boards, demonstrating his commitment to local economic growth.
Track Record: Under Kendall W. Rieman's leadership, Croghan Bancshares has focused on enhancing its digital banking platform and expanding its commercial lending activities. Key achievements include improving customer satisfaction scores and increasing the bank's market share in select Ohio communities. Rieman has also overseen the implementation of new risk management protocols and compliance measures to ensure the bank's stability and regulatory compliance.
CHBH OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Croghan Bancshares may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited information available to investors, and trading activity can be sporadic. Investing in OTC Other stocks carries higher risks compared to stocks listed on major exchanges due to the potential for less transparency and regulatory oversight.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited liquidity due to low trading volume.
- Lack of regulatory oversight and transparency.
- Potential for price manipulation and fraud.
- Higher volatility compared to exchange-listed stocks.
- Limited financial information available to investors.
- Verify the company's financial statements and SEC filings (if available).
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's risk factors and potential liabilities.
- Consult with a financial advisor before investing.
- Understand the risks associated with OTC investing.
- Confirm the legitimacy of the company's operations and assets.
- Long operating history since 1888.
- State-chartered bank status.
- Membership in relevant industry associations.
- Physical presence with 19 banking centers in Ohio.
- CEO with relevant experience in the financial services industry.
Croghan Bancshares, Inc. Financial Services Stock: Key Questions Answered
What does Croghan Bancshares, Inc. do?
Croghan Bancshares, Inc. operates as the holding company for Croghan Colonial Bank, a state-chartered bank offering commercial and retail banking services in Ohio. The bank provides a range of deposit accounts, loan products, and trust and investment management services to individuals and businesses. Croghan Colonial Bank operates through 19 banking centers located in various Ohio communities, focusing on building strong relationships with local customers and supporting the regional economy.
What do analysts say about CHBH stock?
As of 2026-03-18, formal analyst ratings for CHBH are limited due to its OTC listing. However, key valuation metrics include a P/E ratio of 9.2 and a dividend yield of 4.21%. Growth considerations center on the company's ability to expand its commercial lending activities, enhance its digital banking platform, and manage interest rate risk. Investors should conduct their own due diligence and consider their individual risk tolerance before investing.
What are the main risks for CHBH?
The main risks for Croghan Bancshares, Inc. include competition from larger regional and national banks, the impact of interest rate fluctuations on its net interest margin, and regulatory changes and compliance costs. Additionally, the company is exposed to the economic conditions in Ohio, which could affect loan performance. As an OTC-listed stock, CHBH also faces risks related to limited liquidity and transparency.
What are the key factors to evaluate for CHBH?
Croghan Bancshares, Inc. (CHBH) holds an AI score of 48/100 (low). P/E: 9.2x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does CHBH data refresh on this page?
CHBH prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven CHBH's recent stock price performance?
Croghan Bancshares, Inc. (CHBH) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established presence in the Ohio banking market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider CHBH overvalued or undervalued right now?
Croghan Bancshares, Inc. (CHBH) trades at 9.2x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying CHBH?
Before investing in Croghan Bancshares, Inc. (CHBH), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available company data and may be subject to change.
- OTC market data may be less reliable than exchange-listed data.