Ohio Valley Banc (NASDAQ:OVBC) Issues Quarterly Earnings Results

Ohio Valley Banc (NASDAQ:OVBC) issued its 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 Stock Performance

OVBC traded up $0.10 during trading on Tuesday, reaching $22.85. 628 shares of the company were exchanged, compared to its average volume of 7,162. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. The stock has a market cap of $107.62 million, a P/E ratio of 9.25 and a beta of 0.08. Ohio Valley Banc has a 52 week low of $19.35 and a 52 week high of $28.00. The firm has a 50 day moving average of $25.17 and a 200 day moving average of $24.25.

Ohio Valley Banc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Friday, January 24th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, January 24th. This represents a $0.88 dividend on an annualized basis and a yield of 3.85%. Ohio Valley Banc’s dividend payout ratio is currently 35.63%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Ohio Valley Banc in a research note on Tuesday, January 21st. They set a “hold” rating on the stock.

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.