Ohio Valley Banc (NASDAQ:OVBC) Posts Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) issued its quarterly earnings results on Tuesday. The bank reported $0.53 earnings per share for the quarter, Zacks reports. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%.

Ohio Valley Banc Price Performance

Shares of NASDAQ:OVBC traded up $0.10 during trading hours on Tuesday, hitting $22.85. 628 shares of the company’s stock traded hands, compared to its average volume of 7,162. The company’s fifty day simple moving average is $25.17 and its two-hundred day simple moving average is $24.25. The company has a market cap of $107.62 million, a price-to-earnings ratio of 9.25 and a beta of 0.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $28.00.

Ohio Valley Banc Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Friday, January 24th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Friday, January 24th. Ohio Valley Banc’s payout ratio is 35.63%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Ohio Valley Banc in a research report on Tuesday, January 21st. They issued a “hold” rating for the company.

Ohio Valley Banc Company Profile

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.