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

Ohio Valley Banc Corp. (NASDAQ:OVBC) announced a quarterly dividend on Tuesday, January 14th,RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Friday, January 24th.

Ohio Valley Banc has increased its dividend by an average of 1.6% per year over the last three years.

Ohio Valley Banc Stock Down 2.4 %

Shares of Ohio Valley Banc stock opened at $22.40 on Thursday. Ohio Valley Banc has a 52-week low of $19.35 and a 52-week high of $28.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 0.89. The business’s 50 day simple moving average is $25.42 and its 200 day simple moving average is $24.08. The firm has a market cap of $105.50 million, a PE ratio of 9.07 and a beta of 0.08.

Ohio Valley Banc (NASDAQ:OVBC) last posted its quarterly earnings data on Monday, October 28th. The bank reported $0.58 earnings per share (EPS) for the quarter. The company had revenue of $22.26 million for the quarter. Ohio Valley Banc had a net margin of 13.66% and a return on equity of 7.97%. During the same quarter last year, the business earned $0.47 earnings per share.

Analyst Upgrades and Downgrades

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

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.