Ohio Valley Banc Corp. (NASDAQ:OVBC) Declares Quarterly Dividend of $0.22

Ohio Valley Banc Corp. (NASDAQ:OVBCGet Free Report) announced a quarterly dividend on Tuesday, January 14th,RTT News reports. Stockholders of record on Friday, January 24th will be given a dividend of 0.22 per share by the bank on Monday, February 10th. This represents a $0.88 annualized dividend and a dividend yield of 3.83%.

Ohio Valley Banc has raised its dividend by an average of 1.6% annually over the last three years.

Ohio Valley Banc Stock Down 1.5 %

Shares of NASDAQ:OVBC traded down $0.34 during midday trading on Tuesday, hitting $22.95. 3,300 shares of the company’s stock were exchanged, compared to its average volume of 4,012. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a 50 day moving average price of $25.47 and a 200-day moving average price of $24.07. The company has a market cap of $108.12 million, a PE ratio of 9.29 and a beta of 0.08. Ohio Valley Banc has a 12 month low of $19.35 and a 12 month high of $28.00.

Ohio Valley Banc (NASDAQ:OVBCGet Free Report) last posted its earnings results on Monday, October 28th. The bank reported $0.58 EPS for the quarter. The company had revenue of $22.26 million during the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. During the same period in the previous year, the firm earned $0.47 earnings per share.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Ohio Valley Banc in a research report on Monday. They issued a “hold” rating for the company.

View Our Latest Stock Report on Ohio Valley Banc

About Ohio Valley Banc

(Get Free Report)

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.

Further Reading

Dividend History for Ohio Valley Banc (NASDAQ:OVBC)

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