Ohio Valley Banc (NASDAQ:OVBC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Ohio Valley Banc (NASDAQ:OVBC) in a report released on Saturday. The firm issued a hold rating on the bank’s stock.

Ohio Valley Banc Stock Performance

Shares of OVBC opened at $23.55 on Friday. The company has a market capitalization of $110.92 million, a PE ratio of 9.77 and a beta of 0.03. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.95. Ohio Valley Banc has a one year low of $19.35 and a one year high of $25.50. The company’s fifty day moving average price is $23.03 and its 200 day moving average price is $23.22.

Ohio Valley Banc (NASDAQ:OVBC) last issued its quarterly earnings results on Friday, July 26th. The bank reported $0.63 earnings per share (EPS) for the quarter. Ohio Valley Banc had a return on equity of 7.85% and a net margin of 13.72%. The company had revenue of $14.66 million for the quarter.

Ohio Valley Banc Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, August 10th. Stockholders of record on Friday, July 26th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, July 26th. This is a positive change from Ohio Valley Banc’s previous quarterly dividend of $0.15. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.74%. Ohio Valley Banc’s payout ratio is 36.51%.

About Ohio Valley Banc

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.