StockNews.com Initiates Coverage on Ohio Valley Banc (NASDAQ:OVBC)

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

Ohio Valley Banc Price Performance

Shares of Ohio Valley Banc stock opened at $24.32 on Monday. The business’s fifty day moving average price is $23.87 and its 200 day moving average price is $23.16. Ohio Valley Banc has a twelve month low of $19.35 and a twelve month high of $25.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $114.55 million, a P/E ratio of 10.09 and a beta of 0.03.

Ohio Valley Banc (NASDAQ:OVBC) last issued its 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 business had revenue of $14.66 million during the quarter.

Ohio Valley Banc Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, August 10th. Investors of record on Friday, July 26th were issued a dividend of $0.22 per share. This is a positive change from Ohio Valley Banc’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, July 26th. This represents a $0.88 annualized dividend and a dividend yield of 3.62%. Ohio Valley Banc’s payout ratio is presently 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.